Propane

Despite the warmest winter on record, U.S. natural gas liquids (NGL) prices are recovering faster than crude oil, thanks in large part to strong growth in propane and butane exports and slowing domestic shale gas production, according to report by BofA Merrill Lynch Global Research.

Significant production growth in recent years has helped establish the United States as a net propane exporter, with an increase in export capacity now allowing domestic propane to reach markets across the globe, according to a recent report by the Energy Information Administration (EIA).

Almost two years removed from a severe shortage of propane, the United States is currently sitting on a record inventory, according to the U.S. Energy Information Administration (EIA), which said nearly all of the stockpiled increase for the past year came from six Gulf Coast states.

Sunoco Logistic Partners LP is holding a binding open season for a third Mariner East pipeline to deliver Appalachian natural gas liquids (NGL) to its Marcus Hook Industrial Complex on the Delaware River south of Philadelphia.

A pair of natural gas pipeline projects scheduled for completion this year and participation in several others through the end of 2017 should help smooth what has lately been a bumpy road for Range Resources Corp., the Houston-based operator said Wednesday.

Analysts with U.S. Capital Advisors LLC (USCA) said natural gas liquids (NGL) prices are still “trying to find a floor,” thanks largely to a more than 60% collapse in propane and butane prices, as propane inventories increase and several midstream companies begin to emerge as takeover targets and acquirers.

Analysts with U.S. Capital Advisors LLC (USCA) said natural gas liquids (NGL) prices are still "trying to find a floor," thanks largely to a more than 60% collapse in propane and butane prices, as propane inventories increase and several midstream companies begin to emerge as takeover targets and acquirers.

Analysts with U.S. Capital Advisors LLC said natural gas liquids prices are still "trying to find a floor," thanks largely to a more than 60% collapse in propane and butane prices, as propane inventories increase and several midstream companies begin to emerge as takeover targets and acquirers.

Analysts with U.S. Capital Advisors LLC (USCA) said natural gas liquids (NGL) prices are still “trying to find a floor,” thanks largely to a more than 60% collapse in propane and butane prices, as propane inventories increase and several midstream companies begin to emerge as takeover targets and acquirers.