Eia

Thanks to cheaper natural gas, wholesale power prices for on-peak hours declined year/year at major trading hubs across the United States in 2015, according to a note published Monday by the Energy Information Administration (EIA).

Natural gas production from the seven major U.S. unconventional shale plays is projected to decline through February, with the Marcellus and Eagle Ford expected to see the biggest drops, according to the Energy Information Administration’s (EIA) updated Drilling Productivity Report released Monday.

Domestic dry natural gas production and consumption, which reached record highs several times in 2015, again soared into unchartered territory in October, according to the Energy Information Administration (EIA).

Natural gas and oil production from the nation’s seven largest unconventional plays in January is expected to compare with this month, despite colder weather and improving rig efficiency, the Energy Information Administration (EIA) said.

U.S. dry natural gas production in September continued a stretch of record breakers, reaching 2.29 Tcf (76.3 Bcf/d), the highest of any September since the Energy Information Administration (EIA) began reporting such production data in 1973, the agency said.

Proved reserves of natural gas in the United States finished at 388.8 Tcf in 2014, setting a record high for the second consecutive year, the Energy Information Administration (EIA) said in a report published Monday.

The months-long decline in projected natural gas prices shows no sign of ending, with the Energy Information Administration (EIA) saying Tuesday it expects gas to average $2.81/MMBtu this year and $3.05/MMBtu next year.

In the wake of the news Friday that the Energy Information Administration (EIA) would cease operations and furlough its staff thanks to the U.S. Government shutdown, traders and analysts are waiting to see how the natural gas futures market deals with the lack of a weekly storage inventory update.

With the natural gas production boom out of the Utica and Marcellus shales of Pennsylvania, West Virginia and Ohio continuing to lower prices of the commodity…