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EIA Report Shows Marcellus Proved Gas Reserves Dropped 5.9% in 2023

Marcellus Drilling News

Energy Information Administration (EIA) analyzed proved reserves data for 2023 (the most recent year available) and determined that proved reserves of U.S. natural gas decreased 12.6% natural gas reserves. The number crunchers at the U.S. year over year, from 691.0 trillion cubic feet (Tcf) to 603.6

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The Shifting Landscape of American Energy Sources

OilPrice

Energy Information Administration to illustrate how the country’s energy generation landscape has evolved since 1950. Energy Generation by Source, 1950–2024 As seen in the video above, natural gas has experienced the most significant growth—rising from just 6.2 quadrillion BTUs in 1950 to 39.2

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Natural Gas Inventories Rise but Heat Wave Could Fuel Strong Demand

OilPrice

natural gas inventories climbed by 46 billion cubic feet (Bcf) last week, keeping total storage comfortably above seasonal norms. The build for the week ending July 11 brings total working gas in storage to 3,052 Bcf, according to today’s figures provided by the Energy Information Administration.

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USA EIA Cuts Henry Hub Gas Price Forecast for 2025, 2026

Rigzone

Energy Information Administration reduced its Henry Hub natural gas spot price forecast for 2025 and 2026 in its latest short term energy outlook.

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ExxonMobil-led consortium discovers gas reservoir off Cyprus coast

Oil & Gas 360º

(Investing) – A consortium led by ExxonMobil (NYSE: XOM ) has discovered a natural gas reservoir off the coast of Cyprus, according to a government announcement on Monday. The drilling operation found preliminary indications of a 350-meter gas-bearing reservoir at a depth of 1.9 For more information see our T&C.

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EIA Reveals Latest USA Oil, Gas Proved Reserves Figures

Rigzone

Energy Information Administration revealed its latest U.S. crude oil and natural gas proved reserves figures in a report posted on its site recently.

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Japan’s Tokyo Gas eyes long-term U.S. LNG supply deals amid rising demand

Oil & Gas 360º

(World Oil) – Tokyo Gas Co. liquefied natural gas suppliers to secure a long-term purchase agreement, as rising energy demand leaves Japan increasingly dependent on the fuel source. Japan’s largest gas distributor is in talks with at least four companies over supply from projects dotting the U.S. gas production.

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