Adam Baker is a fundamentals analyst at Novi Labs, 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 the NGL Voyager publication and develops the firm's proprietary 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
EQT’s Blackline Deal Extends Appalachia’s NGLs Reach
EQT’s $77 million purchase of Blackline Midstream gives the Appalachian producer direct control of New England’s largest bulk-propane storage network.
Q2 2026 Earnings Calls: Kinder Morgan’s Natural Gas Project Backlog Keeps Growing with Power Demand
In its Q2 2026 earnings call, Kinder Morgan said rising LNG exports and electricity demand continue to create new pipeline opportunities across its U.S. network.
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.