US Industry Metrics

According to data from the EIA’s Petroleum Supply Monthly publication, released in February, US production of natural gas plant liquids (NGL) increased for the 12th straight year in 2017. Output climbed to a record 3.74 MMbpd, representing a 6.4% increase over 2016 volumes. The EIA also forecast in its Short-Term Energy Outlook that NGL production will increase by 15% this year as the ethane market continues to expand. If realized, this expansion would be the second-highest rise recorded after the 16% increase seen in 2014. GP US gas production (Bcfd) and prices ($/Mcf) US natural gas spot prices at Henry Hub and NGL spot prices at Mont Belvieu, $/MMBtu   US natural gas plant field pro