Analysis: Rapid NGL production can hurt U.S. shale development

10/30/2012 | Oil & Gas Journal

The U.S. energy industry's rush to capitalize on wet shale formations, which yield high contents of natural gas liquids, has resulted in oversupply and weak market prices for NGLs such as propane, ethane and butane. This could eventually take its toll on the country's efforts to develop shale resources as energy producers scale back on developing huge wet shale formations. However, analysts predict that the NGL market will regain balance by 2015 as new petrochemical facilities open up to boost NGL demand.

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