The spot market price is dropping enough to make us a little nervous. We are starting a large expansion for ethane/propane production.
http://www.barchart.com/charts/futures/PNY00
Residential seems to be holding steady. Stocks are up.
http://www.eia.gov/petroleum/weekly/propane.cfm
I know. SE NewMex and WestTex gas-play is running around 40% C3/C4. That is really wet/rich gas. EPCO’s Y-grade lines are near capacity heading East from the Hobbs area.
C2 in that play is pushing 10%, too. Maybe the cost of SaranWrap will go down :-)
Yep.
We are getting older with every spud!
Frack-on my brothers.