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EIA: Gas storage capacity increased in 2024 in U.S., declined in South Central

Permian Basin Oil and Gas Magazine

Underground working natural gas storage capacity in the lower 48 states increased last year, according to the latest data from U.S. EIA calculates natural gas storage capacity in two ways: demonstrated peak capacity and working gas design capacity. percent or 70 billion cubic feet to 4,277 Bcf.

BCF 59
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Tallgrass announces anchor shipper agreement for new pipeline from Permian

Permian Basin Oil and Gas Magazine

Denver-based Tallgrass said last week it completed anchor shipper agreements for a new pipeline that will transport natural gas from multiple points in the Permian Basin to the Rockies Express pipeline and other points of delivery. Target in-service date is late 2028. Pipeline capacity is designed for up to 2.4

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New Era Helium

Permian Basin Oil and Gas Magazine

As we discussed a few months ago, the Permian Basin is starting to feel the impact of AI data centers creating demand for natural gas fired electricity. The 50/50 joint venture aims to construct a250MW net-zero data centerpowered by natural gas with integrated carbon capture, utilization, and storage (CCUS) technology.

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Pounding the Table on PR and CTRA

Permian Basin Oil and Gas Magazine

What we know about the natural gas equation is that domestic natural gas demand is growing again, largely in line with data center buildouts and increasing LNG exports. LNG exports are projected to grow by over 2 Bcf/d in both 2025 and 2026. That gives forward-looking investors an opportunity.