MassiveIndustry

(Thu, 14 Mar 2019) U.S. natural gas production grew by 10.0 billion cubic feet per day (Bcf/d) in 2018, an 11% increase from last year. The increase was the largest annual volumetric growth on record and reached a record high for the second consecutive year. U.S. natural gas production measured as gross withdrawals averaged 101.3 Bcf/d in 2018, the highest volume on record. U.S. natural gas production measured as marketed production and dry natural gas production also reached new highs at 89.6 Bcf/d and 83.4 Bcf/d, respectively.

(Tue, 12 Mar 2019) The 2019 <em>Annual Energy Outlook</em> (AEO2019) Reference case shows continued growth of natural gas production in the Mid-Atlantic and Ohio region from the Marcellus and Utica formations, resulting in increases of natural gas being transported to the Eastern Midwest and, ultimately, into the South Central region, which includes the Gulf Coast and Texas.

(Thu, 07 Mar 2019) EIA estimates that between 2014 and 2017 natural gas processing capacity and processing throughput increased by about 5% on a net basis in the Lower 48 states, even as the number of individual plants declined. Natural gas processing plant utilization rates stayed constant at 66% from 2014 to 2017, but several states experienced significant changes, largely reflecting changes in natural gas production across regions.

(Tue, 05 Mar 2019) U.S. Gulf Coast gasoline crack spreads had been declining since mid-2018 and briefly went negative in January and early February 2019 before rising, while distillate crack spreads remained relatively stable. The gasoline crack spread is the difference between the spot prices of gasoline and crude oil. EIA attributes relatively low gasoline crack spreads to more costly crude oil inputs and high gasoline inventories.