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Low natural gas prices have forced many energy producers to rely on related fuels such as...

  • Wednesday, June 27, 2012, 10:53 AM ET
    Low natural gas prices have forced many energy producers to rely on related fuels such as ethane, propane and butane to remain profitable, but so many companies have increased drilling of wells with natural gas liquids that those prices also are falling. Among firms most likely to feel the crunch because of their greater dependence on NGLs, Wells Fargo says: CHK, DVN, RRC, AREX.
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    NGLs have been falling for awhile, in particular Conway. If not hedged, their anticipated margins will be squeezed. NG prices, in the meantime, are up so frac spreads getting squeezed. July 2012 had a bullish settle and cash prices should continue to trade strong as long as the heat last.
    27 Jun 2012, 04:50 PM Reply Like
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