This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
Natural Gas Inventories as of February 28, 2025 The EIA has released its natural gas inventory report, showing a net decrease of 80 Bcf as of February 28, 2025. Working gas in storage was 1,760 Bcf as of Friday, Februrary 28, 2025, according to EIA estimates. This represents a net decrease of 80 Bcf from the previous week.
Last weeks 80 Bcf draw in working natural gas inventory has it down at 1,760 Bcf on February 28 (Figure 9, red line). Lower-48-state natural gas production reached 107 Bcf per day (Bcf/d) at the end of 2019 (Figure 12, green dot). Bcf/d year-2020 low (green line). It then declined with the recession to a 99.5
This article contains still images from the interactive dashboards available in the original blog post. To follow the instructions in this article, please use the interactive dashboards. Furthermore, they allow you to uncover other insights as well.
In the US, LNG feed gas demand could reach nearly 28 Bcf/d by 2032, up from about 13 Bcf/d in 2023. This is an excellent revealing infographic produced by S&P Global's Corey Paul and Margaret Rogers.
This article contains still images from the interactive dashboards available in the original blog post. To follow the instructions in this article, please use the interactive dashboards. Furthermore, they allow you to uncover other insights as well.
Key Numbers to Watch Natural Gas Storage: 3,922 Bcf (6% above five-year average). 2024 Gas Injections: 1,640 Bcf (21% below five-year average). Winter Gas Withdrawals Forecast: 1,957 Bcf. finished the 2024 natural gas injection season with 3,922 billion cubic feet (Bcf) of gas in storage.
This article contains still images from the interactive dashboards available in the original blog post. To follow the instructions in this article, please use the interactive dashboards. Furthermore, they allow you to uncover other insights as well.
Permian Basin production has grown dramatically, surpassing 10 billion cubic feet per day (Bcf/d) in 2018 and more than doubling to 21 Bcf/d by 2022, according to the U.S. 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. Bcf/d of natural gas.
Aethon gets additional gathering and processing capacity to bolt onto its midstream assets in the basin and a production boost to an already compelling growth story as the company is now ~3x or ~2 Bcf/d higher than its 2020 exit rate. Bcf/d after dropping from ~15 Bcf/d down to only 12.9 Bcf/d in Q1/24. Mcf range.
Bcf/d and is set to commence operations in the first quarter of 2027, pending regulatory approvals. Bcf/d capacity project. Bcf/d capacity project connecting the Permian Basin to the Agua Dulce hub. Bcf/d capacity project connecting the Permian Basin to the Agua Dulce hub. The pipeline will have a capacity of 1.5
Bcf/d in 2025. LNG exports , which are expected to increase from 16 Bcf/d today to nearly 30 Bcf/d in the coming years. Natural Gas Processing Capacity Growth ONEOK is relocating a 150 MMcf/d natural gas processing plant from North Texas to the Permian Basin. Total Permian gas processing volumes are projected to reach ~1.6
During the recent winter storms, natural gas demand reached record highs on multiple consecutive days, with natural gas consumption reaching 184 billion cubic feet (BCF) on January 20 and 21. Typically, the colder it is, the more natural gas America requires.
Natural Gas in Storage 3,069 Bcf UP 64 Bcf 9.3% Commodity Price or Volumes Change since last % Change Natural Gas Spot (Henry Hub) $6.13/MMBtu MMBtu UP $0.32 NYMEX (September deliveries) $6.438/MMBtu UP $0.63 West Texas Intermediate Spot $79.85/Bbl
We’ve seen 10 Bcf of growth over the last four or five years out of that basin. has added 16 Bcf/d of LNG export capacity , expected to reach 30 Bcf/d soon. Infrastructure investments Billions of dollars are being poured into new pipelines, processing plants, and export terminals. ” Marshal S. LNG boom The U.S.
Natural Gas in Storage 2,926 Bcf UP 23 Bcf 12.8% Commodity Price or Volumes Change since last % Change Natural Gas Spot (Henry Hub) $5.840/MMBtu DOWN $1.46 NYMEX (September deliveries) $5.578/MMBtu DOWN $1.286 18.7% West Texas Intermediate Spot $69.30/Bbl Bbl DOWN $4.06
The proposed rule extends deep gas royalty relief to GOM leases in 400 meters of water (up from the current limit of 200 meters), and would increase the royalty suspension volume to 35 Bcf for qualifying ultra-deep wells at least 20,000 feet total vertical depth subsea in less than 400 meters of water.
Natural Gas in Storage 3,005 Bcf UP 36 Bcf 10.4% Commodity Price or Volumes Change since last % Change Natural Gas Spot (Henry Hub) $5.81/MMBtu MMBtu UP $0.17 NYMEX (September deliveries) $5.805/MMBtu UP $0.22 West Texas Intermediate Spot $75.74/Bbl
Moving an expired 5 BCF PUD 100 feet to a new location, and disguising it with a new well name, is a violation. This is in violation of the spirit of the 5-year rule, and is not allowed. The SEC has been very clear in that what really matters is the reserves volume, and not the specific location.
Weve seen 10 Bcf of growth over the last four or five years out of the Permian. Bcf/d from Waha, TX, to Maypearl, TX. Bcf/d capacity) expected online by late 2026. Bcf/d) under consideration. Permian Basin: Unprecedented Growth Driving Midstream Expansion The Permian Basin continues to be the dominant driver of U.S.
Bcf/d of takeaway capacity. Bcf/d , reflecting the impact of expanded takeaway capacity and rising demand for LNG exports. Bcf/d (highest on record). Infrastructure and Market Adjustments Infrastructure limitations, particularly in natural gas takeaway capacity, have been a key bottleneck for Permian growth in previous years.
Bcf/d, and two additional processing plants that are under construction. JULY Energy Transfer Completed its Acquisition of WTG Midstream Holdings Energy Transfers completion of its acquisition of WTG Midstream added approximately 6,000 miles of gas-gathering pipelines that extend Energy Transfers network in the Midland Basin.
Bcf/d, and the gas rig count increased by three to 102 rigs as producers capitalize on higher prices. Depleted inventoriesnow 25% lower than last year and 11% below the five-year averagealong with surging LNG exports and new export facilities like Venture Globals Plaquemines LNG, are fueling demand. In response, U.S. Read more U.S.
Bcf of natural gas imported into the EU in the third quarter came from Russia, up two percentage points from the previous quarter and five percentage points against the third quarter of 2023. Twenty percent or 448.5
We organize all of the trending information in your field so you don't have to. Join 5,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content