Energy news

EIA forecasts that total working natural gas stocks will end the 2019–20 heating season at the highest level since 2017

(Thu, 20 Feb 2020) In the U.S. Energy Information Administration’s (EIA) February <em>Energy Outlook</em> (STEO), EIA forecasts the Lower 48 working natural gas in storage (stocks) will end the 2019–20 heating season (November 1–March 31) at 1,935 billion cubic feet (Bcf), or 243 Bcf more than the five-year average. In the forecast, net injections during the refill season (April 1–October 31) will bring working gas stocks to about 4,029 Bcf, which would be the most natural gas in U.S. inventory on record as of the end of October 2020.

February 19, 2020 By 0 Comments Read more...

Weekly net withdrawals from working gas stocks top 200 Bcf

(Thu, 30 Jan 2020) The U.S. Energy Information Administration (EIA) reported Lower 48 states’ net withdrawals from storage of 201 billion cubic feet (Bcf) for the week ending January 24, 2020. This week’s estimate is the largest net withdrawal from stocks thus far in the 2019–20 heating season (October 31–March 1) and the largest total net withdrawal from working gas since EIA’s February 1, 2019 report last winter.

January 29, 2020 By 0 Comments Read more...

ISO-New England’s annual Forward Capacity Market auction set to take place on February 3, 2020

(Wed, 29 Jan 2020) On Monday, February 3, 2020, the Independent System Operator for New England (ISO-NE) will open its annual Forward Capacity Market (FCM) auction. ISO-NE uses the FCM auctions to ensure that the New England power system will have sufficient resources to meet future demand for electricity. Owners of various resources compete in the annual auctions to obtain a Capacity Supply Obligation (CSO) in exchange for receiving a market-priced capacity payment.

January 28, 2020 By 0 Comments Read more...

Natural gas use for power generation is a key part of the natural gas supply and demand balance, even in winter

(Wed, 29 Jan 2020) Estimated daily natural gas use for power generation has averaged about 28.4 billion cubic per day (Bcf/d) so far this winter (November 1, 2019–January 29, 2020) and is up about 3 Bcf/d, or 12%, compared with the same period in 2018–19. Power burn, estimated based on S&P Global Platts data, reached 34 Bcf/d on January 20, 2020—the second-highest natural gas use for power during a day in the winter.

January 28, 2020 By 0 Comments Read more...

Working gas stocks are at their highest mid-winter level since 2017

(Fri, 24 Jan 2020) Halfway through the 2019–20 winter heat season, underground working natural gas stocks for the Lower 48 states totaled 2,947 billion cubic feet (Bcf) as of Friday, January 17, 2020. Cumulative net withdrawals from working gas totaled 782 Bcf as of January 17, which is the lowest cumulative total at this point in a heating season since 2011 and 29% less than the previous five-year average. Lower 48 states’ working gas stocks are now 251 Bcf (9%) higher than the five-year average, which is the largest surplus to a five-year average since May 2017.

January 23, 2020 By 0 Comments Read more...

Drilling Productivity Report

(Tue, 21 Jan 2020) The <em>Drilling Productivity Report</em> (DPR) uses recent data on the total number of drilling rigs in operation along with estimates of drilling productivity and estimated changes in production from existing oil and natural gas wells to provide estimated changes in oil and natural gas production for seven key regions.

January 20, 2020 By 0 Comments Read more...

The effect of oil prices on natural gas production

(Wed, 15 Jan 2020) Depending on the nature of oil and natural gas resources specific to particular regions, changes in future oil prices can produce very different results. Relatively higher oil prices push investment toward oil projects and away from natural gas projects, and relatively lower oil prices typically produce the opposite effect. In regions where oil and natural gas resources do not tend to be comingled, such as Australia, higher oil prices increase oil production without much effect on natural gas production.

January 14, 2020 By 0 Comments Read more...

Alternative industrial sector outcomes in India

(Thu, 12 Dec 2019) In the <em>International Energy Outlook 2019</em>, India has the world’s fastest-growing population and the fastest-growing gross domestic product (GDP), which means long-term energy consumption projections are uncertain because of the rapid change magnified by the size of the economy. This discussion explores two aspects of uncertainty about India’s future energy consumption: assumptions about economic composition and industrial sector energy intensity.

December 11, 2019 By 0 Comments Read more...

Generating Unit Annual Capital and Life Extension Costs Analysis

(Wed, 04 Dec 2019) EIA has released its evaluation of capital expenditures and operations and maintenance costs for existing fossil steam and renewable generators. With recent increases in generator retirements, this report focuses on potential cost changes for coal and other fossil-fueled plants over time.

December 03, 2019 By 0 Comments Read more...

Weekly net change in working gas stocks exceeds five-year average for first time this heating season

(Tue, 03 Dec 2019) Last week (week ending November 22, 2019), the U.S. Energy Information Administration’s (EIA) estimated weekly net withdrawals from working natural gas stocks at underground storage facilities in the Lower 48 states exceeded the five-year average for the first time in three weeks. The heating season traditionally begins on November 1. Total net withdrawals were just 28 billion cubic feet (Bcf) compared with the five-year average for the report week of 57 Bcf.

December 02, 2019 By 0 Comments Read more...

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