Locator: 50895B.
WTI: $90.79.
New wells reporting:
- Thursday, June 4, 2026: 2 for the month, 158 for the quarter, 315 for the year,
- 42003, conf, Slawson, Cannonball Federal 6-27-34H,
- Wednesday, June 3, 2026: 1 for the month, 157 for the quarter, 314 for the year,
- None.
- Tuesday, June 2, 2026: 1 for the month, 157 for the quarter, 314 for the year,
- None.
RBN Energy: US propane market's shifting trends around storage, production and exports. Link here. Archived here.
The U.S. propane market typically follows predictable trends. With much of domestic demand occurring in the colder months, storage volumes build in the summer and are withdrawn in the winter. Over the past month, that trend has been upended, with storage withdrawals in three of the last five weeks. Since mid-April, inventories have increased by only 1.2 MMbbl; in 2025, they grew by 9.6 MMbbl over the same period. In today’s RBN blog, we’ll explore what is going on in the propane market and why.
Figure 1 below shows U.S. storage levels for propane/propylene as reported by the Energy Information Administration (EIA) in its Weekly Petroleum Status Report (WPSR). The gray area shows the five-year high/low range for storage, while the green line shows the five-year average. The blue line shows storage for 2025, and the red line shows it for 2026 through May 22.
Figure 1. Total U.S. Weekly EIA Propane/Propylene Inventories. Source: EIA
