State of The Markets

Big changes are coming to the markets for natural gas, NGLs and crude oil. Even though production volumes are holding their own – despite 60% fewer rigs running, the days of month-after-month record increases in production are behind us, at least for a while.  But what about all that infrastructure that has been and continues to be built?  Billions of dollars are going into pipelines, processing plants, petrochemical plants, terminals, storage, etc. based on a much higher production growth scenario than now looks likely.  So what happens next?  That issue is the theme of a new RBN conference scheduled for July 23rd in New York City called State of the Energy Markets, and is the subject of today’s blog – also an advertorial for the conference.

Expectations for continuing rampant production growth for natural gas, natural gas liquids (NGLs) and crude oil have evaporated in the heat of the price melt-down. Volumes may be holding their own, even with 60% less rigs running, but the days of month-after-month record increases in production are behind us, at least for a while. But what about all that infrastructure that has been and continues to be built? Billions of dollars are going into pipelines, processing plants, petrochemical plants, terminals, storage, etc. based on a much higher production growth scenario than now looks likely. So what happens next? That issue is the theme of a new RBN conference scheduled for July 23rd in New York City called State of the Energy Markets, and is the subject of today’s blog – also an advertorial for the conference.