RE:RE:Oklahoma gas processing explosionI saw a note on another site that stated that the Oneok Medford facility was an NGL plant with a capacity of 200 000 bbls. The poster wasn't sure if they were operating at capacity or not but given demand a safe bet would be they were trying to operate above that level.
This should therefore not only affect NG supply and pricing but also NGLs too which are worth much more to ARX.
GLTA Longs
Quintessential1 wrote: Hard to nail down hard numbers. As near as I can tell it could responsible for up to 600-700 MMcf/d or roughly a quarter of what Freeport LNG was exporting.
They lump all their plants into regions so it could be less but it is probably a safe bet that NG prices will tick up as NG builds are already low compared to this time last year.
Who knows how long they will be out of commision but Freeport LNG is facing a lot of red tape with regards to reopening and I am not sure they had a fire as this one seems to have a large one but the powers that be may have ulterior motives for wanting Freeport LNG to stay idle longer.
GLTA
Sunsurfer12 wrote: Anyone with industry knowledge care to take a stab at impacts on storage/exports? My uninformed first thought would be that a bunch of production/supply just went to idle? Bullish for gas?