NGL Roundup: July 6, 2023
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- EIA NGL production increased by 161 Mb/d M-o-M, growing 3% for the second straight month. Compared to last year, total NGL production grew 8% (+496 Mb/d). The beat was driven by significantly higher ethane recovery in the Permian, Anadarko and Williston basins.
- Permian ethane recovery likely increased due to processing capacity additions. Recovery in the other basins increased as gas prices declined and frac spreads to Mont-Belvieu increased. The higher recovery is reflected in record PADD 3 ethane exports YTD. Meanwhile in the Northeast, ongoing disruptions at Shell’s Monaca Cracker continued to hinder the basin’s ethane recovery.
- Propane/Propylene inventories continued to mark new 5-year highs despite strong export demand.
- Interested in tracking basin and sub-basin NGL production, ethane rejection, and fractionator utilization? EDA’s NGL Network Model and Purity Product Forecast will help you dig deeper than EIA data and connect the dots between NGL supply and demand.
The NGL Roundup reviews monthly NGL data from EIA and East Daley’s own basin-level supply forecasts of Y-grade and NGL purity products. Follow key NGL data trends:
- NGL production by basin
- Supply forecasts by NGL purity product
- Ethane recovery by basin
- Historical and future NGL prices
- Conway and Mont Belvieu frac spreads
- NGL storage trends
- Regional NGL exports
The NGL Roundup is East Daley’s latest product driving transparency to energy markets. We provide a FREE snapshot of data from our NGL Network Model and Purity Product Dataset. These reports tie our NGL supply forecasts to downstream markets, providing asset-specific insights such as pipeline and fractionation volumes and rates.
We use our patented method to monitor midstream flows from processing plants to fractionation centers, identifying infrastructure bottlenecks before the market recognizes them. Using a bottoms-up approach to supply, we go deeper than the PADD or sub-PADD level to truly understand what is happening on the ground in NGLs.