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 ...
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...
U.S. LNG exports increased in the first half of 2023 after Freeport LNG returned to service in February and ramped up to full production by April. Relatively strong demand for LNG in Europe amid high international natural gas prices supported increased U.S. LNG exports during the year. U.S...
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 co...
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...
Proved reserves are those volumes of oil and natural gas that geological and engineering data demonstrate with reasonable certainty to be recoverable in future years from known reservoirs under existing economic and operating conditions. Changes in proved reserves...
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 gr...
All sectors saw a year-on-year increase in natural gas prices for 2022 due to the decline in U.S. natural gas production in the first quarter of 2022, which resulted in high withdrawals of natural gas from storage and an increase in average natural gas prices. The growing natural gas ...
The likelihood of an especially active Atlantichurricaneseason raises concerns about weather-related disruptions in theU.S.oil and natural gas sector, according to federal energy officials. NOAA's official hurricane forecastcalls for 17-25 named storms this year, of which 8-13 may become hurricanes...
Last year the build out of interstate natural gas pipelines in the USfellto a record low of 897mn cubic feet a day, down from a peak of 28bn in 2017. Pipeline capacity constraints have the ability to curtail gas flows from Appalachia into New England. Last winter, prices for gas to be...