In its first forecast for 2014, the Energy Information Administration (EIA) said it expects natural gas prices to “gradually rise but still remain relatively low” over the next 24 months, with Henry Hub prices averaging $3.74/MMBtu this year and $3.90/MMBtu in 2014, compared with $2.75/MMBtu in 2012.
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Southwestern Expects to Grow 2013 Net Output 11-13%
For 2013, Southwestern Energy Co. is dialing down spending by $100 million but expects to increase net natural gas and oil production by 11-13% from this year. Drilling is increasing on the eastern side of the Fayetteville Shale, and new pipeline infrastructure is taking more gas to market from the Marcellus Shale, the company said.
EIA Again Increases 2013 Henry Hub Price Forecast
With natural gas working inventories remaining near record highs through the end of November, the Energy Information Administration (EIA) expects the Henry Hub spot price to average $2.78/MMBtu this year, down from $4.00/MMBtu in 2011, before rebounding to an average of $3.68/MMBtu in 2013.
Volume of Comments Pushes Fracking Rule to 2013
Don’t expect the Department of Interior to come out with a final rule addressing hydraulic fracturing (fracking) on public lands before the end of the year, said an official representing exploration and production interests in the West.
EIA: Gas Surpassed Coal as Most-Produced U.S. Fuel in 2011
Due to the rapid rise in the development of shale gas, natural gas surpassed coal as the most-produced domestic fuel in 2011, the Energy Information Administration (EIA) said Thursday.
EIA Again Increases 2013 Henry Hub Price Forecast
With natural gas working inventories remaining near record highs through the end of November, the Energy Information Administration (EIA) expects the Henry Hub spot price to average $2.78/MMBtu this year, down from $4.00/MMBtu in 2011, before rebounding to an average of $3.68/MMBtu in 2013.
EIA Annual Report: Rising Tide of Shale Gas Through 2040
Citing the onslaught of shale gas volumes, the Energy Information Administration (EIA) last Wednesday projected that dry natural gas production will increase significantly throughout 2040, eclipsing domestic consumption by 2020 and spurring net exports of natural gas sooner than the agency had expected.
EIA: Shale ‘Central’ to Earlier Transition to NatGas Exports
Citing the onslaught of shale gas volumes, the Energy Information Administration (EIA) Wednesday projected that dry natural gas production will increase significantly throughout 2040, outpacing domestic consumption by 2020 and spurring net exports of natural gas sooner than the agency had expected.
EIA Sees U.S. NatGas Production Growing Through 2040
In the early release of its Annual Energy Outlook for 2013 (AEO2013), the Energy Information Administration (EIA) projects that natural gas production will continue to grow during the entire forecast period, with the industry increasingly serving the industrial and electric power sectors, as well as an expanding export market.
September Lower 48 NatGas Production Up 3.9% from Year Ago
Lower 48 U.S. natural gas production during September increased by 0.6%, or 0.45 Bcf/d, from August and was up by nearly 3.9%, or 2.73 Bcf/d, from a year ago, according to the most recent data from the Energy Information Administration (EIA). September production was 73.05 Bcf/d. The revised figure for August production was 72.6 Bcf/d, and September 2011 production was 70.32 Bcf/d.