The plunge in oil prices in recent months hasn’t begun to pressure North American chemical producers to shift their feedstocks from natural gas liquids (NGL) products, according to midstream and chemical company executives.
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Bentek: Demand Shortage Could Stall Shale Production
Limited demand for natural gas could keep 9 Bcf/d of production from shale plays off the market over the next four years, a Bentek Energy LLC executivetold an audience in Pittsburgh on Tuesday.
May 20, 2011
Record Results Seen by Some Producers, But Analysts Warn of Shortfall
The emerging first quarter reports show that overall, oil and natural gas production for many North American independents is setting a record pace. However, analysts looking at the deeper picture believe that while earnings are up and production may hit records, overall domestic production continues a slow slide, and no likely near-term solution is at the ready.
April 23, 2003