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Natural gas liquids production depends on numerous factors

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The federal government today looks at what makes natural gas plant liquid production viable.

From the Energy Information Administration:

"Natural gas plant liquids (NGPL) accounted for 22% of total U.S. petroleum and other liquid fuels production in 2015. In EIA's Annual Energy Outlook 2016 (AEO2016) Reference case, increases in NGPL account for a significant share of total increases in petroleum and other liquid fuels production over 2015–40.

"Because NGPL can be recovered from natural gas production streams or in association with crude oil production, future NGPL production depends on assumptions concerning the abundance of crude oil and natural gas resources and on the price differential between oil and natural gas."

Read the full report here.
 


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