The U.S. Energy Information Administration (EIA) last week announced that increasing U.S. ethane production led to record natural gas plant liquids (NGPL) production in 2017.
EIA’s report highlights the incredible progression that’s taken place over the last eight years in regard to U.S. NGPL production
And what’s behind this dramatic increase in NGPLs? You guessed it – increasing shale development across the U.S. – with the Appalachian Basin leading the charge.
Diversified Gas & Oil PLC (LON:DGOC) owns and operates gas and oil producing wells in the Appalachian Basin in the United States. The Company’s operations are based in the neighbouring states of Pennsylvania, Ohio and West Virginia, which cover part of the largest and oldest hydrocarbon producing field in the US, known as the Appalachian Basin.