Frac Spread for the Week of Nov. 17: Natural Gas Price Increases Cause NGL Margins to Fall

摘要

Large increases in natural gas feedstock prices at both Conway and Mont Belvieu caused natural gas liquids (NGL) frac spread margins to fall the week of November 17 with the lighter NGL margins taking the biggest plunges. Natural gas prices at Conway rose 14% to US3.91 per million Btu (/MMBtu) and the Mont Belvieu The ethane margin at Conway was down 14% and down 10% at Mont Belvieu. The Conway propane margin was down 11%, and the Mont Belvieu margin fell 10% from the previous week.