NGL Production Forecast Drops 60% on Lower Prices

摘要

The global energy market intelligence consultancy Genscape (Louisville, Ky.) has dropped its expectation for year-on-year NGL production growth by roughly 100,000 bbld, or 25%, for 2015, and 125,000 bbld, or 60%, for 2016. Growth in 2016 is now expected to be only 40,000 bbld, most of which is additional ethane recovered to meet commitments in the Northeast. Even in 2015, production growth is front-loaded in the first half of the year, with slight decreases expected in the third and fourth quarters as the impact of lower rig utilization is felt.