We used to talk about ethane a lot. We even had a tag for ethane. Then, all of a sudden, crickets.
Until today. From ArgusMedia: US ethane production hits new record -- EIA.
US ethane field production rose to a record high in June as producers moved to recover more product late in the second quarter.
Ethane output rose to 2.1mn b/d, a 14 percent increase from the prior record 1.8mn b/d produced in May and a 16pc increase from the previous June, the Energy Information Administration reported today in its monthly data.
Production fell sharply in March and April as shut-in natural gas wells reduced output of associated gas. By late May, rising prices supported recovery of more ethane from the gas stream. Mont Belvieu, Texas, EPC ethane averaged 12.97¢/USG in April, before rising to 22.36¢/USG in May and 21.88¢/USG in June.
Ethane inventories also rose, climbing to 52mn bl in June, up 9 percent from the previous month, but a 14 percent drop from the 60mn bl reported in June 2019. June ethane exports of 308,000 b/d were up by 3 percent from May and up by 12 percent from June last year.
More at the link.
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