US shale producers benefit from strong NGL prices

2021-11-24

Rising prices for natural gas liquids, driven by healthy industrial and petrochemical demand, helped bolster US shale producers' bottom lines in the third quarter, a trend that is expected to continue as projected growth in petrochemical production capacity looks bullish for NGL prices. However, most producers plan to stick to capital discipline and focus on cash flow generation despite the improved price environment.

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