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NGLs Week

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NGLs Week is PetroChem Wire's comprehensive summary of price trends, upstream and downstream costs, operations news and supply/demand forecasts. The report contains everything you'll need to understand what's happening in the NGL markets.

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US NGL production at record in March, up 3.7% from February

HOUSTON, May 31, 2018 (PCW) – Natural gas liquids rose 149,908 b/d, or 3.7%, in March to 4.173 million b/d (129.37 million barrels) compared to the prior month, according to EIA data released Thursday. This marks a fresh all-time high, per the EIA data, besting the previous record of 3.97 million b/d (122.993 million barrels) in October 2017. Ethane and propane supplies also hit new highs in March as well.

Ethane production was at 1.662 million b/d (51.507 million barrels), up 57,020 b/d from February. The prior record was set last November at 1.6 million b/d (48.087 million barrels). Propane supplies came in at 1.339 million b/d (41.511 million barrels), up 42,420 b/d from February. The prior all-time high was seen last December at 1.28 million b/d (39.684 million barrels).

Other NGLs’ production data is as follows:

Butane: 336,290 b/d (10.425 million barrels)), up 117,200 barrels from February;

Isobutane: 374,290 b/d (11.603 million barrels), an increase of 14,180 b/d;

Natural gasoline: 462,060 b/d (14.324 million barrels), a 24,640 barrel increase.

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