It looks like U.S. propane production growth is finally getting back on track. As shown on the left-hand chart below, monthly U.S. propane gas plant production for April 2023, as reported by the EIA on June 30, increased by 26 Mb/d to 1,957 Mb/d, which was 126 Mb/d, or 6.9%, above what was recorded in April 2022. Not surprisingly, most of the increase in propane supply was in PADD 3 (Gulf Coast), which represents about 60% of total U.S. production. As shown on the right-hand chart below, Gulf Coast gas plant supply increased to 1,137 Mb/d in April, up 11 Mb/d from March. Monthly production for the region was 72 Mb/d, or 6.8%, higher than in April 2022, but remains 12 Mb/d, or 1%, below the September 2022 record high for PADD 3.
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- Analyst Insight
U.S. Propane Production Soars to Another Record High
U.S. propane production rocketed to an all-time high for the second month in a row. Propane gas plant production for June 2023, as reported by the EIA on August 31, increased by 75 Mb/d to 2,054 Mb/d, which was 191 Mb/d, or 10.3%, above what was recorded in June 2022.
- Analyst Insight
U.S. Propane Production Declines From All-Time High
Monthly U.S. propane gas plant production for July 2023, as reported by the EIA on September 29, fell to 2,019 Mb/d, which was 35 Mb/d, or 1.7%, below what was recorded in June 2023. Total U.S. gas plant production was 107 Mb/d, or 5.7%, higher than output for the month in 2022.
- Analyst Insight
Propane Production Increases Sharply
March propane production, as reported by the EIA on May 31, increased to 1,931 Mb/d, up 60 Mb/d from February and 100 Mb/d, or 5.5%, above what was recorded in March 2022.
