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0 0 0 0 0 0.00552114193374625 0.00646377592243455 0.00525181793697819
Stock impact report

Mont Belvieu Surges In Significance Amid Record U.S. NGL Exports [Seeking Alpha]

ONEOK, Inc. (OKE) 
Last oneok, inc. earnings: 4/28 04:15 pm Check Earnings Report
Company Research Source: Seeking Alpha
Like Cushing in Oklahoma rising to global prominence as the benchmark for spot crude oil prices, Mont Belvieu on the Texas Gulf Coast has cemented its standing as the primary pricing point for natural gas liquids (NGLs) used in the petrochemical and energy sectors worldwide. Strategically located 30 miles east of Houston, Mont Belvieu is the cornerstone for NGL processing and trade. The area's unique naturally occurring salt dome formations provide essential underground storage with a capacity of over 400 million barrels, creating a massive, low-cost storage facility for NGLs such as propane (used for home heating and backyard grilling), ethane (a primary feedstock for ethylene that is converted to polyethylene used in plastic bottles), butane and iso-butane (used as feedstocks and blend stocks in transportation fuels). Pipelines strategically connect fractionation units – responsible for separating NGL mixtures extracted from natural gas wells into individual components such as Show less Read more
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