EIA forecast

Major U.S. onshore plays will add close to 500 MMcf/d of natural gas production from February to March on the strength of growth out of the Haynesville Shale and the Appalachian and Permian basins, according to updated modeling from the Energy Information Administration (EIA). In its latest Drilling Productivity Report (DPR), published Monday, EIA said…

Natural gas spot prices at Henry Hub are set to average $4.70/MMBtu in February, according to updated projections from the Energy Information Administration (EIA), though the agency cautioned that its forecast is subject to weather uncertainty. Spot prices at the national benchmark averaged $4.38 in January, an increase above average prices of $3.76 in December,…

The Permian Basin and Haynesville Shale will keep domestic natural gas production growing into the new year, according to updated modeling from the Energy Information Administration (EIA). In its latest monthly Drilling Productivity Report (DPR), EIA said it expects natural gas production from seven key U.S. regions — the Anadarko, Appalachia and Permian basins, alongside…

The Permian Basin and Haynesville Shale will keep domestic natural gas production growing into the new year, according to updated modeling from the Energy Information Administration (EIA). In its latest monthly Drilling Productivity Report (DPR), EIA said it expects natural gas production from seven key U.S. regions — the Anadarko, Appalachia and Permian basins, alongside…

Wholesale propane prices at the main U.S. natural gas liquids (NGL) hub have reached their highest level in more than seven years amid tight global supply and strong demand, according to the latest government figures. The Energy Information Administration (EIA) said wholesale propane prices at Mont Belvieu, TX, increased to an average of $1.33/gal during…

Following surging natural gas prices in July, the Energy Information Administration (EIA) tacked on 20 cents to its expected 2021 average Henry Hub spot price in updated projections published Tuesday. In the latest edition of its Short-Term Energy Outlook (STEO), the agency said it now expects Henry Hub spot prices to average $3.42/MMBtu for all…

Breaking from a prolonged downtrend that dates back to before the Covid-19 pandemic, natural gas output from seven key U.S. onshore regions is poised to grow from June to July, according to updated modeling from the Energy Information Administration (EIA). Natural gas production from the Anadarko, Appalachia and Permian basins, as well as from the…

Brent prices are forecast to average $68/bbl in 3Q2021 before production worldwide begins to escalate, sending the average price down to around $60/bbl in 2022, the Energy Information Administration (EIA) said Tuesday. In the Short-Term Energy Outlook, researchers noted that Brent averaged $68/bbl in May, a 25% uptick from January. “In the coming months, we…

Natural gas isn’t going anywhere soon and overall demand for U.S. gas will keep growing on the back of rising exports, according to Mercuria Energy Co.’s Charles Blanchard. Blanchard, head of North American natural gas research, recently published an exhaustive study on the history of natural gas in the United States called, “The Extraction State.”…