Frac Spread: Oil’s Fall Drags Others Down, But Nobody’s Out

As crude oil goes, so go prices throughout the fossil fuel realm. And lately, they’ve all been going down. U.S. benchmark West Texas Intermediate (WTI) sagged to a two-month low on Oct. 30 as crude inventories continued to rise for the sixth straight week. Brent took a 1.8% hit on Oct. 30, though it stabilized on Halloween. The Mont Belvieu, Texas, hypothetical barrel fell 8.5% in the past week as ethane (down 13.6%) and normal butane (down 10.2%) tumbled. In fact, Conway, Kan., ethane was the only NGL tracked by Hart Energy to increase in price, rising by 1.3%. Bleak as the numbers appear, the outlook is not a gloomy one. EnVantage Inc. even feels good about it.

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