SOURCE: Industrial Info Resources

Industrial Info Resources

April 24, 2013 06:15 ET

U.S. NGL Production Slated to Soar, Prolonging Producers' Price Pain, an Industrial Info News Alert

DENVER, CO--(Marketwired - Apr 24, 2013) - Written by John Egan for Industrial Info Resources (Sugar Land, Texas) -- U.S. production of natural gas liquids (NGLs) is scheduled to nearly double over the next 10 years, adding new supply to a glutted market and increasing the importance of export terminals, speakers said at an Oil & Gas conference last week in Denver. "At today's NGL prices, and given the outlook for new capacity, you really need to believe in NGLs if you're going to move forward with a large capital program," said Kevin Williams, senior vice president of DCP Midstream LLC (NYSE:DPM) (Denver, Colorado), in an interview at the 7th Annual Platts Rockies Oil & Gas Conference.

Other companies featured: Hess Corporation (NYSE:HES)

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