Range

Over the past couple of years, the NGL market has cussed and discussed every nuance of PADD I ethane.  The fear that ethane bottlenecks would curtail Marcellus drilling worried a lot of producers, and their investors.  But it finally  looks like the problem is being fixed, and the winners are settling out.  MarkWest and Sunoco will take 50 Mb/d north to Sarnia, Ontario on Mariner West.  And another 90 Mb/d will go south on Enterprise’s ATEX Express, the TEPPCO line reversal project.  Chesapeake and Range have both signed up to move barrels on ATEX which runs from MarkWest`s Houston, PA plant down to the Enterprise storage complex in Mont. Belvieu.  It’s nice to have one problem behind us.  Unless of course it turns out that Utica ethane piles on to the top of Marcellus.  But that’s another story.