Frac Spreads Move Up After Crude Peaks

摘要

Natural gas prices plummeted 13% and December light, sweet crude was little changed in the week ending Oct. 23, setting the stage for fractionation spreads to explode to the upside again. If liquids prices and frac spreads continue to rise, the individual liquids will be worth increasingly more on a Btu basis than in the gross NGL barrel.