NGL supply likely to overwhelm demand
More than 1 million bbd of frac capacity was announced over the last two months
by ENLK, EPD, ET, OKE, PSX/DCP, and TRGP (with more potentially coming from
ENLK). As we understand it, all this capacity is subscribed or accounted for in some
way. Major Permian, Bakken, Midcon, and northeast NGL pipes are also ramping up
or coming in 1H19. There's never been this much visibility across the industry into
such a wave of......
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