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Frac Spread: Slow Ride

Hydrocarbon prices are improving, but at a slower rate than expected based on tailwinds.

Using better technology, including frac sands, and working hand-in-hand with other operators makes Permian Basin operations more efficient.

Exports are also strong as normal butane chips away at the spread with isobutane.

Conways price draws almost even to Mont Belvieu as demand for home heating competes with grain drying.

Despite its recent rally, propanes price is well below last years as the giant play fills up storage on the Gulf Coast.

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