- deal: $26 billion
- assets, retail: $5 trillion
Natural gas, US: production, consumption, and exports set new records in 2018.
The U.S. Energy Information Administration’s Natural Gas Annual 2018 shows that the United States set new records in natural gas production, consumption, and exports in 2018.
In 2018, dry natural gas production increased by 12%, reaching a record-high average of 83.8 billion cubic feet per day. This increase was the largest percentage increase since 1951 and the largest volumetric increase in the history of the series, which dates back to 1930.
U.S. natural gas consumption increased by 11% in 2018, driven by increased natural gas consumption in the electric power sector. Natural gas gross exports totaled 10.0 Bcf/d in 2018, 14% more than the 2017 total of 8.6 Bcf/d. Several new liquefied natural gas export facilities came online in 2018, allowing for more exports.
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Back to the Bakken
Active rigs:
| $57.37 | 11/21/2019 | 11/21/2018 | 11/21/2017 | 11/21/2016 | 11/21/2015 |
|---|---|---|---|---|---|
| Active Rigs | 55 | 62 | 55 | 38 | 65 |
Wells coming off the confidential list today -- Thursday, November 21, 2019: 72 for the month; 167 for the quarter:
- 35907, SI/NC, WPX, Beaver 22-21HB, Squaw Creek, no production data,
- 35607, 1,132, Whiting, Sylte 21-15-2TFH, Tyrone, t6/19; cum 74K 9/19;
- 35295, 0 (no typo), BR, Meriwether 1A MBH-ULW, Corral Creek, t9/19; cum --;
- 35260, SI/NC, Hess, BB-Olson-150-95-09H-7, Blue Buttes, no production data,
- 34771, SI/NC, XTO, Lonnie Federal 31X-3D, Hofflund, no production data,
As new crude oil pipeline capacity to the Gulf Coast comes online, a growing disconnect is developing between the surplus crude volumes available for export and the actual export capacity at coastal terminals, particularly projects that would accommodate the more economical and efficient Very Large Crude Carriers (VLCC). This is especially true in the Beaumont-Port Arthur, TX, area, where the relatively shallow depth of the Sabine Neches Waterway limits vessels to Aframax-class ships or partially loaded Suezmax tankers. If planned pipeline expansions into the BPA region over the next two years are completed, over 1 MMb/d of additional crude exports would need to leave BPA terminals to balance the market. Today, we look at current and future export capacity out of BPA.
