EIA Coins New Term, Issues Report on Hydrocarbon Gas Liquids (HGLs)

It’s vocabulary day at MDN. The U.S. Energy Information Administration, our favorite government agency, has just released a new report on, and has coined a new term, called: Hydrocarbon Gas Liquids (HGL). In a nutshell, EIA uses the term HGL to refer to the combination of NGLs (natural gas liquids like ethane, propane and butane) and olefins (things like ethylene, propylene, butylene, and isobutylene). If you’re new to this whole shale gas thing and to the oil and gas industry, you need to know that the hydrocarbons coming out of the ground (oil and gas) are tightly connected to–in fact the source of–things like plastic and antifreeze. That is, oil and gas is part of the petrochemical industry. The EIA recognizes the importance and connection between petrochemicals and shale, and so have authored a new report, titled “Hydrocarbon Gas Liquids (HGL): Recent Market Trends and Issues” (full copy embedded below). Since there’s a lot of “wet gas” in the Marcellus and Utica Shale, the petrochemical industry is tightly connected to shale drilling in the northeast. This report connects the dots…

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