A. BLUME, Managing Editor
In the US, Henry Hub natural gas spot prices slid toward $2.50/MMBtu in October, according to US EIA data, after hovering in the range of $2.75/MMBtu–$3/MMBtu through much of the summer. However, spot prices for NGL were on an upswing in October, approaching highs last seen in February. Ethane’s price increase was more moderate than those for other NGL. Meanwhile, US production of NGL, LPG, ethane and propane decreased slightly in August from July, but levels are overall higher on the year. GP
In the business of hydrocarbon production, accurate accounting of produced fluids and gases is critical from a process control, management and fiscal perspective.
The US East Coast will send out its first LNG exports in early 2018 as Dominion Energy’s Cove Point LNG export facility in Lusby, Maryland becomes operational.
Maximize Profitability with Advanced Analytics at Natural Gas Processing Plants
Incorporating economic data into process modeling is key to optimizing operations and maximizing profits at gas processing plants. However, maintaining optimal operations are often challenging due to changing market dynamics, contract structures and increasing process flexibility. Today, gas processors are leveraging Predictive Control and First Principles models to accurately determine and control the optimal operating targets in real time based on the most current plant conditions and profitability, optimizing recovery of natural gas liquids. Learn how real-time analytics, combined with decision support tools, empower companies to:
•Improve processing margins by up to 5%
•Maximize NGL production through improved availability and optimized process conditions
•Improve compositional control to operate closer to product specifications
May 22, 2018 10am CDT