Primary energy use will increase globally through 2050 in all cases examined in updated projections from the U.S. Energy Information Administration (EIA), pointing to a rise in North American natural gas production and exports to help meet the growing demand. Meanwhile, greater adoption of non-fossil fuel-based energy resources such as nuclear and renewables will likely…
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Appalachia, Haynesville Regions to Lead Natural Gas Production Declines into October, EIA Says
Driven by declines from the Appalachian Basin and the Haynesville Shale, combined natural gas output from seven key Lower 48 regions will trend lower from September to October, according to updated modeling from the U.S. Energy Information Administration (EIA). Combined natural gas output from the seven regions — a group that also includes the Anadarko…
U.S. Natural Gas Enjoyed Record-Setting Summer Thanks to Power Burns, EIA Data Show
Coming off a record-setting summer driven by new highs in power generation demand, domestic natural gas prices will strengthen through the remainder of 2023 and into 2024, according to updated modeling from the U.S. Energy Information Administration (EIA). In its latest Short-Term Energy Outlook (STEO), EIA modeled an average Henry Hub spot price of $2.55/MMBtu…
Haynesville Seen Leading Lower 48 Natural Gas Production Decline in September
Natural gas production from seven key onshore Lower 48 regions will ease lower from August to September but remain above 98 Bcf/d, according to the latest modeling from the U.S. Energy Information Administration (EIA). Total natural gas output from the Anadarko, Appalachia and Permian basins, as well as from the Bakken, Eagle Ford, Haynesville and…
Production to Hold Steady as Henry Natural Gas Back Above $3 in 2024, EIA Says
Henry Hub natural gas spot prices will climb back above the $3/MMBtu threshold on average next year, though associated output from the Permian Basin will keep production elevated, according to updated projections from the U.S. Energy Information Administration (EIA). Domestic production is expected to remain at “relatively high levels” throughout 2023 even as natural gas…
Natural Gas Prices to Rise This Summer on Higher Electric Demand, Flat Production, EIA Says
Natural gas prices will rise this summer as power sector demand increases and production growth slows, according to updated projections from the Energy Information Administration (EIA). After averaging $2.15/MMBtu in May, Henry Hub spot prices will climb to an average of slightly above $2.60 for 3Q2023, EIA said in its latest Short-Term Energy Outlook (STEO),…
Lower 48 Natural Gas Production Growth Seen Slowing in Latest EIA Modeling
Natural gas production growth from seven key Lower 48 regions will slow — but not stall — from May to June, adding 256 MMcf/d sequentially to crest the 97 Bcf/d mark, updating modeling from the Energy Information Administration (EIA) shows. EIA’s latest projections, published in its Drilling Productivity Report Monday, reflect a reduced sequential natural…
EIA Forecasts Associated Natural Gas Output to Increasingly Drive Overall Production Through 2050
U.S. associated natural gas output – a byproduct of oil production – is expected to grow through 2050, continuing and amplifying a long-term trend, according to a federal outlook. The Energy Information Administration (EIA) said in a research note this month that, in its benchmark scenario that considers only the laws and regulations adopted through…
Natural Gas Prices to Climb Above $3 in Q3 Amid ‘Relatively Flat’ Production Growth, EIA Says
Natural gas spot prices at Henry Hub will average $2.65/MMBtu in the second quarter before climbing above the $3 mark in 3Q2023 amid increased consumption and flat domestic production, according to updated projections from the Energy Information Administration (EIA). Henry Hub prices also averaged $2.65 in the first quarter as “spring-like” temperatures tamped down demand…
U.S. Natural Gas Production, LNG Exports Expected to Grow Through 2050, EIA Forecasts
U.S. natural gas production and LNG exports are likely to grow between now and 2050 with domestic gas consumption dropping only slightly, according to the Energy Information Administration (EIA). All of the scenarios modeled in EIA’s latest Annual Energy Outlook (AEO) released last Thursday show the United States remaining a net exporter of natural gas…