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natural gas prices fell nearly 8% last week to $3.249/MMBtu, their lowest since January, despite a smaller-than-expected storage build of 16 Bcf, which was below the five-year average of 50 Bcf. Bcf/day, while consumption dropped to 103 Bcf/day due to warmer weather reducing residential and power demand. Read more U.S.
Weve seen 10 Bcf of growth over the last four or five years out of the Permian. This investment includes: New processing plants such as the Badger Plant (200 MMcf/d capacity, Delaware Basin, online mid-2025) and the Mustang Draw Plant (275 MMcf/d, Midland Basin, online H1 2026). Bcf/d from Waha, TX, to Maypearl, TX. Phase 1 (1.5
billion cubic feet per day (Bcf/d) in 2024 to 7.0 Bcf/d by 2026. Bcf/d, while oil output from the formation has increased by 26,000 barrels per day ( bbl /d). EOG also launched the 1 Bcf/d Verde Pipeline, linking Dorado gas directly to the major Agua Dulce gas hub, enhancing market access.
billion cubic feet per day (Bcf/d) in 2024 to 7.0 Bcf/d by 2026. Bcf/d, while oil output from the formation has increased by 26,000 barrels per day ( bbl /d). EOG also launched the 1 Bcf/d Verde Pipeline, linking Dorado gas directly to the major Agua Dulce gas hub, enhancing market access.
Oil prices jump despite OPEC+ announcing another sharp production hike Summary : OPEC+ announced a 411,000-barrel-per-day production hike for July, its third consecutive increase, aiming to regain market share and pressure U.S. Total stocks reached 2,476 Bcf, 11.3% Bcf/day and demand dipped to 97.3 below 2024 levels but 3.9%
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