Are You Saying Ethane or Methane?: Ethane recovery should subside in 4Q2020 as an earnings driver because of a shrinking frac spread, somewhat mitigated by higher rig counts. Several midstream companies reported earnings beats in 3Q20 (vs. Bloomberg consensus) and some of the biggest beats came from vertically integrated NGL players like Targa Resources (TRGP), Energy Transfer (ET), ONEOK (OKE), and DCP Midstream (DCP).
Colorado is a Winter Destination for Skiers and Drillers: Just as the skiers crowd the slopes of Colorado every winter, rig activity in the Denver-Julesburg Basin is on the upswing: after rigs dropped to a low of three in July and crept up to five at the end of 3Q20, operators have increased activity in the basin, bringing the current rig count up to nine.
North American Energy Indicators and Equity Prices