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Energy Market Assessment: Restoring upward mobility of the masses will have a profitable oil & gas drilling boom

Oil & Gas 360º

Last weeks 80 Bcf draw in working natural gas inventory has it down at 1,760 Bcf on February 28 (Figure 9, red line). Oil demand and activity rebounding had the count back up to 627 as year 2022 ended. Lower-48-state natural gas production reached 107 Bcf per day (Bcf/d) at the end of 2019 (Figure 12, green dot).

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Permian Basin Gas Production Pushes Limits – Infrastructure Expansion Needed

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The energy industry is playing catch-up, said Nigel Gorbold, Vice President of Commercial and Consulting at East Daley Analytics, during the Hart Energy A&D Strategies and Opportunities conference on Oct. Bcf/d of natural gas from the Permian to Katy, Texas. Bcf/d of capacity, and East Daley predicts it will be full by mid-2025.

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