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NGLs Week

NGLs Week Newsletter  

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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March NGL production up 11.9%, a new high; ethane also sets new record

HOUSTON, May 31, 2017 (PCW) – Natural gas liquids production rose 12.053 million barrels, or 11.9%, in March to 112.973 million barrels (3.64 million b/d) compared to the prior month, according to EIA data released Wednesday. March supply levels mark an all-time high for NGL production, besting the previous record of 111.388 million barrels (3.59 million b/d) seen in May 2016.

Ethane/ethylene production also marked an all-time high in March, coming in at 43.088 million barrels (1.39 million b/d), up 4.529 million barrels from February. The last record was also set in May 2016, when ethane production came in at 42.236 million barrels (1.36 million b/d).

Propane/propylene supplies came in at 36.78 million barrels (1.19 million b/d) in March, up 3.846 million barrels from February.

Other NGLs’ production data is as follows:

· Butane/butylene: 10.905 million barrels (351,774 b/d), up 1.396 million barrels from February;

· Isobutane/isobutylene: 8.991 million barrels (290,032 b/d), an increase of 759,000 barrels;

· Pentanes plus (natural gasoline): 13.209 million barrels (426,097 b/d), a 1.523 million barrel uptick.

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