EIA forecast

U.S. oil producers remained active through January, with output last week holding at a pandemic-era high as it did across the month and in late 2022. The U.S. Energy Information Administration (EIA) said Wednesday production for the period ended Jan. 27 stood at 12.2 million b/d – on par with the prior week and the…

Bolstered by another strong month of growth from the Haynesville Shale, domestic natural gas production from seven key onshore plays should grow to over 96.6 Bcf/d from January to February, updated modeling from the Energy Information Administration (EIA) shows. The agency said in its latest Drilling Productivity Report (DPR), published Tuesday, that it expects natural…

Natural gas prices have staggered into the new year, but Henry Hub is set to recover to average near $5/MMBtu for the first quarter of 2023, according to updated projections from the U.S. Energy Information Administration (EIA). Despite dipping below $4 in early 2023, spot prices at Henry Hub will climb back above the $5…

Led by growth in the Haynesville Shale, natural gas production from seven key U.S. onshore regions is set to surge past the 96 Bcf/d mark in early 2023, according to the latest modeling from the Energy Information Administration (EIA). The agency’s latest Drilling Productivity Report (DPR), published Monday, models a combined 96.281 Bcf/d of natural…

The Haynesville Shale and the Appalachian Basin will lead continued growth in domestic natural gas production from November to December, with output from seven key U.S. regions set to rise more than 500 MMcf/d month/month to nearly 96 Bcf/d, according to updated modeling from the Energy Information Administration (EIA). In its latest Drilling Productivity Report…

With storage refilling at a faster-than-expected clip ahead of winter, the Energy Information Administration (EIA) has slashed its projected natural gas spot price for the remainder of 2022 and the first quarter of 2023. In its latest Short-Term Energy Outlook (STEO), published Tuesday, the agency said it now expects Henry Hub spot prices to average…

A result of both higher retail prices and higher forecast consumption, the Energy Information Administration (EIA) expects U.S. households to spend more on energy this winter compared with the 2021-22 heating season, with the largest increase for homes that heat with natural gas. The agency’s latest Winter Fuels Outlook, included in its updated Short-Term Energy…

Spearheaded by the Haynesville Shale, natural gas production from seven key U.S. onshore regions will approach 95 Bcf/d in October, according to the latest modeling from the Energy Information Administration (EIA). Combined output from the Haynesville — along with the Anadarko, Appalachian and Permian basins, as well as the Bakken, Eagle Ford and Niobrara formations…

U.S. crude production ticked up last week, approaching a 2022 high, keeping pace with an increase in demand for travel fuels, the U.S. Energy Information Administration (EIA) said Wednesday. Production for the week ended Aug. 26 rose by 100,000 b/d to 12.1 million b/d from the prior week, EIA said in its Weekly Petroleum Status…