It’s All About the NGLs, Baby
It’s All About the NGLs, Baby
Not quite a year ago, the market growth of natural gas liquids (NGLs) was forecast to increase by $19.62 billion in five years—that, by 2028—due to their use as feedstock to produce petrochemicals and plastics, generate heat and electricity. Despite low natural gas prices, this group of hydrocarbons has become one of the most valuable among the nation’s largest energy exports alongside natural gas and crude oil and have crowned the U.S. the world’s largest exporter as worldwide demand continues to rise. Hello, Brazil, India, and China.
Reese Energy Consulting today is talkin’ NGLs, starting with the latest from East Daley Analytics and the U.S. “hydrocarbon machine,” of which it reports NGLs have become “America’s hottest export product,” and going on to predict NGLs production will grow by 7 MMBBD by 2026. The quickest routes from supply sources to gas processing plants and fractionation facilities to Gulf export destinations originate in Texas, Okla., La., and N.M., where midstream buildouts by the industry’s infrastructure giants are working at a frenetic pace to accommodate production of record-level gas production. But let’s not discount contributions from other basins, including the Williston where Houston-based Kinder Morgan’s plans to convert its Double H Pipeline from a crude oil pipe to an NGL line by 2026.
REC’s expertise in NGLs marketing and natural gas processing has made us one of the most sought-after consultants in the field—and CEO Steve Reese, one of the industry’s leading corporate trainers in all things natural gas. So, how could we not introduce our latest online natural gas training course—Natural Gas Processing and NGLs—now live at www.ReeseEnergyGoesRogue.com, which offers professionals and rookies alike all the real-world knowledge in this field that Steve has shared and taught since 1998. And that would be to thousands of professionals at virtually every Fortune 500 energy company to include Chesapeake Energy, ONEOK, Devon Energy, Energy Transfer, Enterprise Products, and so many more.