Title : Everything -- Except The Equity Market -- Holding Steady; Great Update On NGL Production -- RBN Energy -- March 7, 2018
link : Everything -- Except The Equity Market -- Holding Steady; Great Update On NGL Production -- RBN Energy -- March 7, 2018
Everything -- Except The Equity Market -- Holding Steady; Great Update On NGL Production -- RBN Energy -- March 7, 2018
Chevron: backs 2018 production rise, eyes share buybacks.Disclaimer: as I've said 3, 564 times on the blog -- this is not an investment site.
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Back to the Bakken
"Arctic" rigs:
| $62.33→ | 3/7/2018 | 03/07/2017 | 03/07/2016 | 03/07/2015 | 03/07/2014 |
|---|---|---|---|---|---|
| Active Rigs | 60 | 44 | 35 | 114 | 191 |
RBN Energy: record crude and gas production leads to record NGL production at just the right time.
In recent weeks, both crude oil and natural gas production have breached all-time records. So it should come as no surprise the same thing happened to NGLs — production blasted to over 4.0 MMb/d in the fourth quarter of 2017, and by our estimates will move considerably higher this year. This is a particularly big deal for the ethane market, which has spent the last eight years waiting patiently for a wave of new Gulf Coast ethane-only petrochemical plants — a.k.a. “steam crackers” — to come online in 2018.
Well, here we are in 2018 and new demand from the crackers is finally kicking in. The good news for petchems is that all of the incremental NGL production means the supply of ethane available to the market is growing too, right on cue. What do these developments mean for future NGL production, demand and prices? Today, we begin a new blog series discussing our updated NGL market forecasts, starting with that NGL product whose market is going through the most changes: ethane.
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A Political Note
Good Riddance? Ya Think?
Thus Article Everything -- Except The Equity Market -- Holding Steady; Great Update On NGL Production -- RBN Energy -- March 7, 2018
That's an article Everything -- Except The Equity Market -- Holding Steady; Great Update On NGL Production -- RBN Energy -- March 7, 2018 This time, hopefully can give benefits to all of you. well, see you in posting other articles.
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