Adam Baker is a fundamentals analyst at RBN Energy, specializing in natural gas and NGL market fundamentals. He holds a B.S. in Economics from the University of Houston and began his career at RBN, supporting supply/demand analysis across diverse markets in the Lower 48 and Canada under the guidance of senior leadership. Adam authors RBN’s NGL Voyager publication and develops RBN’s U.S. production forecast, and he contributes market fundamentals and quantitative analysis to NGL and natural gas-focused consulting engagements. Outside of work, Adam is a seasoned Dungeons & Dragons Dungeon Master, having hosted a campaign for the past 8 years, highlighting his commitment and storytelling prowess. Adam's music tastes are eclectic, but he currently favors the sounds of King Gizzard & The Lizard Wizard, JPEGMAFIA, and is currently on a Midwest Emo kick.
Posts by Adam Baker
Propane Exports Hit All-Time High, With Neches River Leading the Way
According to data from the NGL Voyager Report, propane exports reached an all-time high of 2.1 MMb/d in May. The increase was largely due to more volume exported out of Enterprise’s Neches River flex terminal.
PADD 5 Butane Imports From Canada On The Rise
PADD 5 butane imports from Canada are on the rise, having doubled over the past few years. Looking at imports by company reveals what's happening and in this RBN Analyst Insight, argue why this trend is likely to continue.
Q1 2026 Earnings Calls: Targa Infrastructure Update
In Targa's Q1 2026 earnings call, Targa touted increased gas gathering and processing volumes despite producer shut-ins, provided updates to infrastructure projects and announced two additional processing plants in the Delaware basin.
VLGC Freight Rate to Japan Hits All-Time High
The impact of the war in Iran, and the effective closure of the Strait of Hormuz have certainly impacted crude oil and LNG markets, but the LPG market hasn't gotten away unscathed by a long shot. Longer transit times, both laden and unladen due to increased Asian demand and congestion at the Panama Canal have sent the spot VLGC freight rate from Houston to Chiba, Japan to record highs.
Q1 2026 Earnings Calls: Western Midstream Acquires Brazos Midstream Delaware Basin Assets
Western Midstream’s Q1 call centered on a larger U.S. growth platform in the Delaware Basin, where management said gas throughput rose 3% to just over 2 Bcf/d, crude oil and NGL throughput hit a record 272 Mb/d, and produced water reached about 2.8 MMb/d.