Frac Spread: NGL Prices Shoulder The Burden
NGL prices continued to falter with only Conway E-P mix and isobutane experiencing improvements at either hub. However, neither of these increases were major upticks as the NGL market remained firm during this shoulder season.
Frac Spread: NGL Prices Experiencing Short-Term Headwinds
NGL prices continued to trend downward the first week of May as the combination of a natural price downturn related to the shoulder season combined with several ethylene plants that went down for unscheduled maintenance.
Frac Spread: Propane Stocks Slowly Rebuilding While Ethane’s Summer Prospects Improve
The final full week of April saw NGL prices continue to perform on similar levels as last year, aside from propane, C5+ and Conway isobtuane.
Frac Spread: NGL Prices Returning To Last Year’s Levels
There has been a great deal of volatility in NGL prices throughout the past 12 months, but in many cases the trail for prices has been a circular one.
Frac Spread: Gas, Liquids Storage Reloading Continues To Falter
NGL prices experienced an uptick the week of April 9 as storage levels remain lower than in past years for most products.
Frac Spread: Gas Prices Increase As Storage Injection Levels Fall
The streak had to end at some point. During the week of April 2, ethane margins turned negative at both Conway and Mont Belvieu. Margins had been running at positive, albeit very slim, levels for the previous month.
Future Ethane Prices Could Increase As Rejection Continues
Ethane rejection remains the norm throughout the country, but there are signs of hope for traders as margins have continued to remain theoretically positive throughout the end of the winter and early spring.
Margins Crash As Gas Prices Increase
Although temperatures didn’t approach the lows experienced during the polar vortex events earlier this year, natural gas prices were at their strongest in early March. This caused frac spread margins to take downturns across the board.
Frac Spread: NGL Prices Showing Strength Despite Shoulder Season
The spring shoulder season is now firmly in place, but both natural gas and NGL prices are holding firm at Conway and Mont Belvieu thanks to strong heating demand this winter.
Frac Spread: Ethane Margins Stay Positive, But Challenges Remain
In a surprise move, ethane margins stayed positive at both Mont Belvieu and Conway the week of March 12.