Frac Spread: Gloomy Over NGL Outlook? Try To Constraint Yourself
Propane leads the dive among all NGL, as prices drop and margins tighten.
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Joseph Markman manages editing and production for Oil and Gas Investor magazine and all Hart Energy print publications. He joined Hart Energy in 2010 after more than 20 years in the daily newspaper business, most of them with the Houston Chronicle. Markman has also written and edited for Newsday and The Jerusalem Post. At Hart Energy, he served as editor for Stratas Advisors, and senior editor for Midstream Business magazine and the HartEnergy.com website. He earned his bachelor of science degree in journalism from the University of Illinois at Urbana-Champaign.
Propane leads the dive among all NGL, as prices drop and margins tighten.
Demand from IMO 2020, a crazy-productive Permian and a midstream sector scampering to keep up will combine to fuel a red-hot industry in 2019.
The recent Polar Vortex did its damage, but as winter weather goes, say Drillinginfo and Wood Mac, this one is not terribly cold and gas prices are holding steady.
Stratas Advisors analyst says that the possibility of a spill has already caused the price of Mexican heavy crude to rise quickly.
The price is up as Mariner East 1 is cut off from Marcus Hook, but can it be sustained?
Cushing Asset Management acknowledges that 2018 was rough but this year looks promising, especially for large caps.
Customers like Poland are able to diversify their supplies of gas, challenging Gazprom’s domination of the European market.
Markets are looking past the vortex; NGL margins are on a roll.
The nearly 11 MMbbl/d of oil production in 2018 smashed the 1970 record of 9.6 MMbbl/d.
In the short term, a potential war makes the crude oil situation dicey at best.
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