EIA Reports 9% Y-o-Y Growth in NGL Production | East Daley Analytics

Written by East Daley Analytics | May 2, 2023 6:59:39 PM

NGL Roundup: May 2, 2023

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EIA NGL Production came in line with EDA forecast for February 2023 and grew 2% M-o-M (112 Mb/d) and 9% Y-o-Y (487 Mb/d).

Northeast ethane recovery surprised on the high side, beating our forecast by 7%. We expected lower recovery due to persistent ramp-up challenges at Shell’s Monaca cracker. These issues may not be impacting production as much as causing regulatory and PR headaches for the facility. In the Rockies, Anadarko, and Williston basins, ethane production increased by 9%, 17%, and 13% M-o-M, but is still below 2022 levels.

Weekly EIA data shows we are entering the propane/propylene injection season at 5-year highs. Even after accounting for record propane/propylene exports, we are still near 5-year highs.

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Get a complete view of NGL markets in The NGL Roundup, now available FREE from East Daley Analytics.

The NGL Roundup reviews monthly NGL data from EIA and East Daley’s own basin-level supply forecasts of Y-grade and NGL purity products. Follow key NGL data trends:

NGL production by basin
Supply forecasts by NGL purity product
Ethane recovery by basin
Historical and future NGL prices
Conway and Mont Belvieu frac spreads
NGL storage trends
Regional NGL exports

The NGL Roundup is East Daley’s latest product driving transparency to energy markets. We provide a FREE snapshot of data from our NGL Network Model and Purity Product Dataset. These reports tie our NGL supply forecasts to downstream markets, providing asset-specific insights such as pipeline and fractionation volumes and rates.

We use our patented method to monitor midstream flows from processing plants to fractionation centers, identifying infrastructure bottlenecks before the market recognizes them. Using a bottoms-up approach to supply, we go deeper than the PADD or sub-PADD level to truly understand what is happening on the ground in NGLs.

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