US natural gas production grew by 4% in 2023, or 5.0bn cubic feet per day (bcfpd) (141.6 mcm) to average 125.0 bcfpd (3.5 bcm), according to the Energy Information Administration (EIA). Last year, three regions – Appalachia, Permian, and Haynesville – accounted for 59% of all ...
The United States, which was the world's leading natural gas-producing country in 2022, increased annual production by 47 billion cubic meters in 2022. Of the leading natural gas producing countries in the world, Russia had the largest year-over-year decrease that year, at nearly 90 billion ...
HARBIN, Jan. 3 (Xinhua) -- Daqing Oilfield, one of China's largest oil production bases, announced Friday that its natural gas production exceeded 6 billion cubic meters in 2024, achieving steady growth for a 14th consecutive year. The 6 billion cubic meters of natural gas can meet the dai...
Over the past decade shale gas development has increased USA domestic gas production by 40% [1]. Abundant gas at low prices has prompted industry and politicians to welcome gas as a ‘bridge fuel’ between today's electric power generation system, whose largest single fuel is coal, and a fu...
Many of the discrepancies in gas prices by state can be explained by those that are rich in oil. Read: How to Budget for Rising Gas Prices “For instance, Texas is number one for production and refining capacity of any state, so prices are low,” Seng says “However, you also...
This book assesses the prospects for production of oil and gas from U.S. domestic reserves and resources to the year 2000, using different scenarios with various assumptions about numbers of new discoveries, size of fields, and rates of recovery. For both oil and gas, the book provides a di...
Relative strength in crude oil prices—the US oil-to-gas ratio is at a 10-year high of 40:1—has incentivized leading operators in the Permian basin to prioritize oil operations, resulting in an abundance of associated natural gas production.8Additionally, large shale operators are exploring tie...
According to Finland's Energy Authority, most of the natural gas used in Finland is currently imported from Russia. There is no natural gas production in Finland. LNG is imported to Finland by ship, while small amounts of biogas produced in Finland are supplied to the natural gas network, ...
increasedshaleproduction in the U.S., offering possible explanations for the delinking of crude oil and natural gas prices over the past decade. Because natural gas is a regional product, and oil is a global commodity, increased domestic production has driven down the commodity's price r...
Moreover, although Chinese production of natural gas is increasing, it will still be difficult to meet future demand, and hence the gap between supply and demand will increase year by year. We conclude that China needs to develop a more complete import plan for gas to meet expected natural ...