gallons per MCF

NGL prices have been weak this year, but the same has been true for the price of natural gas.  So how does this market scenario play out for gas processors who make their money extracting NGLs from gas?  Last week we looked at what could be gleaned from the Frac Spread, and concluded that it missed a couple of key variables like the liquids content and the BTU value of the inlet gas.  So today we’ll see what it takes to incorporate those factors into our analysis and in the process dive deep into the math of gas processing to learn about things like cubic feet, GPM and moles.