EIA forecast

Natural Gas Output from Appalachia, Haynesville Seen Falling Further into Early Summer

Natural Gas Output from Appalachia, Haynesville Seen Falling Further into Early Summer

Combined natural gas production from seven key Lower 48 plays is expected to ease lower in June, with declines from gas-weighted plays continuing to offset increasing associated output from the Permian Basin, according to updated projections from the U.S. Energy Information Administration (EIA). In its latest Drilling Productivity Report (DPR), published Monday, EIA said it…

May 14, 2024
EIA Maintains 2024 Natural Gas Price Forecast, Sees Modest Production Decline Leading to 2025 Record 

EIA Maintains 2024 Natural Gas Price Forecast, Sees Modest Production Decline Leading to 2025 Record 

The U.S. Energy Information Administration (EIA) is projecting a Henry Hub natural gas spot price average at $2.20/MMBtu for 2024, unchanged from the average price the agency modeled a month earlier.  In the May release of its Short-Term Energy Outlook (STEO), published Tuesday, EIA said it expects Henry Hub spot prices to average $3.10 for…

May 7, 2024
Production from Natural Gas Plays to Continue Declining This Spring, EIA Says

Production from Natural Gas Plays to Continue Declining This Spring, EIA Says

Natural gas production from seven key Lower 48 regions tracked by the U.S. Energy Information Administration (EIA) will slide from April to May, driven by declines in the Haynesville Shale and the Appalachian Basin. EIA’s latest Drilling Productivity Report (DPR), published Monday, modeled a combined 99.9 Bcf/d of natural gas output in May from seven…

April 16, 2024
Declines from Natural Gas Plays, Permian Gains to Hold Production Flat in March, EIA Says

Declines from Natural Gas Plays, Permian Gains to Hold Production Flat in March, EIA Says

Growth in the Permian Basin, countered by declines in Appalachia and the Haynesville Shale, will see combined natural gas production from key Lower 48 regions hold steady at just over 100 Bcf/d in March, according to the U.S. Energy Information Administration (EIA). Total production from seven major Lower 48 producing regions — a list that…

February 13, 2024
U.S. LNG Contracting Slowed in 2023 as Global Natural Gas Prices Stabilized, EIA Says

U.S. LNG Contracting Slowed in 2023 as Global Natural Gas Prices Stabilized, EIA Says

While LNG export capacity in the United States is set to continue ballooning through the end of the decade, the pace of supply contracts could be cooling for terminal projects still in development, according to the Energy Information Administration (EIA). Last year marked another leap forward for U.S. liquefied natural gas export expansions, with three…

February 9, 2024
Permian to Partly Offset Natural Gas Production Declines from Gassy Plays in Early 2024, EIA Says

Permian to Partly Offset Natural Gas Production Declines from Gassy Plays in Early 2024, EIA Says

Shrinking volumes from gassy plays will overshadow higher associated output from the Permian Basin to drive a modest decline in natural gas production from key Lower 48 regions in early 2024, according to the latest modeling from the U.S. Energy Information Administration (EIA). In its updated Drilling Productivity Report (DPR), EIA projected 98.889 Bcf/d of…

January 17, 2024
Natural Gas Demand Gains to Outpace Supply Growth in 2025 as Exports Rise, EIA Says

Natural Gas Demand Gains to Outpace Supply Growth in 2025 as Exports Rise, EIA Says

Henry Hub natural gas spot prices will average $2.60-2.70/MMBtu in 2024 before climbing further next year amid higher LNG exports and slowing production growth, the U.S. Energy Information Administration (EIA) said Tuesday. In its latest monthly Short-Term Energy Outlook (STEO), EIA called for a 2025 average Henry Hub natural gas spot price of $2.95. The…

January 9, 2024
EIA Models Appalachian, Haynesville Natural Gas Declines, Permian Gains into Early 2024

EIA Models Appalachian, Haynesville Natural Gas Declines, Permian Gains into Early 2024

Natural gas production from seven key Lower 48 regions is set to ease lower from December to January as declines from the Haynesville Shale and the Appalachian Basin overshadow Permian Basin gains, according to the latest modeling from the U.S. Energy Information Administration (EIA). EIA’s updated Drilling Productivity Report (DPR), which also models production trends…

December 19, 2023
EIA Slashes Henry Hub Forecast as Production Seen Near 105 Bcf/d Throughout Winter

EIA Slashes Henry Hub Forecast as Production Seen Near 105 Bcf/d Throughout Winter

The U.S. Energy Information Administration (EIA) is slashing its winter Henry Hub spot price forecast on a combination of elevated production and weak space heating demand for natural gas so far this season. EIA said in its latest Short-Term Energy Outlook (STEO) Tuesday it now expects the national benchmark to average $2.80/MMBtu this winter, down…

December 12, 2023
EIA Forecasts ‘Balanced’ Global LNG Market This Winter, Aided by More U.S. Exports

EIA Forecasts ‘Balanced’ Global LNG Market This Winter, Aided by More U.S. Exports

As the Northern Hemisphere nears what could be a milder winter compared to last year, Energy Information Administration (EIA) researchers expect U.S. LNG exporters to further expand their role as a balancing force in the global spot market. In EIA’s latest winter liquefied natural gas market outlook, researchers wrote that most key natural gas markets…

November 14, 2023
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