Ngls

Mexico will need to build out infrastructure to import ethane in order to keep its petrochemicals industry afloat amid insufficient domestic natural gas production, according to local experts. President Andrés Manuel López Obrador’s recent call to renegotiate or even cancel an ethane supply agreement between state oil company Petróleos Mexicanos (Pemex) and the Etileno XXI…

U.S. midstream management teams doubled down on cost cuts and reduced capital expenditures (capex) during second quarter earnings season. However, many also struck generally optimistic tones about improving volumes and a gradual recovery from the energy slump imposed by the coronavirus pandemic. Overall, “the messaging was really good, particularly around considerably less capex going forward,…

A rebound in demand for ethane as a key feedstock for petrochemical manufacturing should fuel production growth through 2021, according to the Energy Information Administration (EIA). EIA forecasted in its August Short-Term Energy Outlook that ethane production would exceed 2 million b/d by the fourth quarter. That would mark a 9% increase from the start…

The diversified systems of two of North America’s largest midstream companies were positioned for a solid second quarter in which lower oil volumes were partially offset by strength in natural gas, natural gas liquids (NGL) and storage. Enterprise Products Partners LP (EPD) and Enbridge Inc. reported second quarter results on Wednesday, with each company highlighting…

Range Resources Corp. said lower processing and transportation costs helped to offset weaker pricing for natural gas liquids (NGL) and other energy commodities during the second quarter, putting the Fort Worth, TX-based independent producer on track to spend at or below its 2020 capital budget. Range dropped $99 million on drilling and completions activity during…

Editor’s Note: This is one of a 14-piece series NGI undertook as the energy industry readied for the new year, with Lower 48 natural gas and oil supply continuing to surge in an uncertain environment as liquefied natural gas exports ramp up, Mexico markets remain shrouded and stakeholders demand more value. Get your complimentary copy of NGI’s 2020 Special Report today.

Without more pipeline and fractionation capacity, natural gas liquids (NGLs) pricing could remain under pressure for the next three-to-four years, hindering what should otherwise be a boon to U.S. oil and gas producers, said analysts with Moody’s Investors Service in a research note.

Antero Resources Corp. gained additional access to export markets for its natural gas liquids during the first quarter, which significantly boosted its free cash flow in a trend that’s expected to continue this year as it ramps-up shipments bound for overseas markets.

The Department of Energy (DOE) on Tuesday unveiled a long-awaited report demonstrating the feasibility of developing a natural gas liquids (NGL) storage hub in the Appalachian Basin that it says would increase supply and geographic diversity for the nation’s petrochemical and plastics industries.