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 ...
Natural gas production is plummeting. Between December 2023 and May 2024, U.S. dry gas supply has contracted by a notable 5 billion cubic feet per day—a nearly 5% reduction. On a year-over-year basis, the decline stands at 2.2 bcf/d. The drawdown is the sharpest since the shale revol...
Prior to the US Presidential election on November 6, the prospect of the US becoming a major natural gas exporter became a political hot button that no one wanted to push in an election year. Some US policy makers have expressed concern that LNG exports will increase domestic prices for natur...
Next year's growth could be slower than recent years. Major production fields in both countries are inhibited by a lack of pipelines to move gas to key markets, including export terminals in the U.S. Gulf. Canada is in the midst of building a large terminal to export LNG, but its c...
**Natural gas production has decreased for the second consecutive month** The monthly 914 production report released by the EIA on Friday showed that in April, the total natural gas production of 48 states in the United States fell for the second consecutive month, to 114 billion cubic feet ...
but can even come from within the industry itself, as US midstream giant Energy Transfer has shown over the past year by trying toblock several new pipelinesout of the Haynesville. Some of Energy Transfer's opponents havewarnedthe legal dispute could hamper the gas production g...
US natural gas production is edging back toward record highs in late November as rebounding winter prices and strong seasonal demand give drillers an opportunity to meet year-end output targets. Over the US Thanksgiving holiday weekend, domestic output briefly topped 98.4 Bcf/d, falling just short...
Natural gas’s share of US energy production increased from 25% to 35% in those years. Renewables’ share also increased, from 6% in 1957 to 12% in 2019. Nuclear energy, which accounted for virtually no US energy production in 1957 – the year that nuclear-powered...
US Oil & Gas Upstream Market Trends Onshore Segment to Dominate the Market In 2022, the United States produced an average of 11.9 million-barrel per day of crude oil increase from the past year. United States natural gas production in 2022 grew by 4% to 4.9 million cubic feet daily. ...
At the end of Q3 2024, US crude oil production rose to 13.3 million barrels per day, up 0.1 million barrels per day from Q2 2024.Energy and resources trends Oil and gas In the US Energy Information Administration’s October 2024 Short Term Energy Outlook report, US natural gas prices ...