Natural Gas Liquids Production – Phil Harris, August 29 2019
Optimizing production capabilities makes dollars and sense. Often improving how we operate and how we control gas processing facilities can greatly increase the profitability and margin of such operations. Near infrared spectroscopy can be used to optimize such facilities in real-time and increase yield of high value products, improve product quality, reduce emissions and increase profitability.
Hydrocarbons, such as ethane, propane, butane etc. differ in value, with the heavier hydrocarbons generally worth more than the lighter hydrocarbons. The fluids produced from a natural gas well (or associated gas from an oil well) will containing varying quantities of these products. Mixed together, these products have less value on the market than if they are separated. This is often referred to as the fractionation spread, or how much money can be achieved by separating the whole inlet fluid into its component products like ethane, propane, butane and C5+ ( sometimes referred to as natural gasoline or condensate). The “frac” spread is an estimate of the profit margin received by a gas processor and is determined by the relative prices of natural gas and natural gas liquids (NGL).