Chesapeake Energy And Others’ Feasibility Increases Production Of Natural Gas Liquids

he production for Natural gas liquids or NGLs for short is rising high. The EIA or Energy Information Administration of the U.S. estimated in their latest report, that the NGL plants would increase the production of HGLs or hydrocarbon gas liquids to 3.2 MMBbl/d this year.  In their recent report called Short-Term Energy Outlook or STEO, EIA explained that the production goes up from 2.6 million barrels per day, two years ago to the aforementioned quantity in 2015. In 2016, this is estimated to be 3.5 million bbl/ d. NGL makes it easy to drill out wet gas. This activity is most feasible for companies like Chesapeake Energy Corporation (NYSE:CHK).

via Chesapeake Energy Corporation (NYSE:CHK) And Others’ Feasibility Increases Production Of Natural Gas Liquids – USMarketsDaily.

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