Frac Spread: Propane Prices Improve, But Corrections Could Be Coming
While the rest of the NGL barrel (bbl) has experienced price depreciations related to the shoulder season and decreased values for West Texas Intermediate (WTI) crude oil, propane prices improved the first week of October based on seasonal and LPG export demand.
Frac Spread: NGL Price Pushback
NGL prices took a downturn as September came to a close.
Frac Spread: NGL Price Floor Reached
Despite limited demand and large supply levels, NGL prices have been holding firm.
Long-Term Gas Price Struggles Will Help Support Frac Spread Margins
Ethane frac spread margins will continue to struggle in the short-term, but the increased likelihood of static gas prices should help them turn a corner.
Frac Spread: NGL Prices Show Signs Of Life
NGL prices improved the week of Sept. 3 as several ethane crackers returned to service after undergoing unexpected turnarounds.
Frac Spread: Rough Waters Ahead For Ethane
Despite price increases this week, ethane prices are expected to struggle until winter at the earliest.
Frac Spread: Summer Temps Arriving Too Late To Salvage Lost Season For NGL Prices
Mont Belvieu ethane prices improved alongside natural gas prices as a result of an increase in late summer cooling demand. However, gains were small and frac spread margins continue to be challenged as they remained firmly negative for the final week of August.
Frac Spread: NGL Prices Stabilizing As Summer Drawing To An End
A sluggish summer for commodity prices is fast drawing to a close and producers can only hope that a repeat of last winter will spur demand and increase prices for propane and natural gas.
Frac Spread: Midcontinent Beginning Winter Preparations With Increased Propane Imports
As the summer of 2014 draws to a close, NGL prices continued to return to levels from last summer with the only real discrepancies being higher Conway propane prices and lower Mont Belvieu isobutane prices this year.
Frac Spread: NGL Prices Come Full Circle
As we enter August, the winter of 2014 is a distant memory along with the gas shortages and high prices that it brought with it. The first week of August 2014 looks an awful lot like the same time last year with one key difference: even worse NGL prices and improved gas prices. It’s the worst of both worlds for NGL producers as frac spread margins are now worse off than a year ago.