Once a month, the analysts at the U.S. Energy Information Administration (EIA) issue the agency’s Short-Term Energy Outlook (STEO), their best guess about where energy prices and production will go in the next 12 months or so. We sometimes poke good-natured fun at the EIA because their predictions go up in one month, and in…
Read More...Kentucky, like West Virginia, is known as a coal state. When coal is burned it produces (among another things) a fine powdery substance called fly ash that must be disposed of. Fly ash is composed mainly of silica. Sand! Fly ash is often used to make concrete and cement products. Researchers at the University of…
Read More...A joint report from Northwood University’s McNair Center for the Advancement of Free Enterprise and Entrepreneurship and the Mackinac Center for Public Policy ranks eight key energy industry sectors based on their ability to meet the growing demand for affordable, reliable, and clean electricity generation. The sectors ranked were natural gas, coal, petroleum, nuclear, hydroelectric,…
Read More...According to the data geeks at the U.S. Energy Information Administration (EIA), U.S. natural gas production grew by 4% in 2023, which was similar to the growth in 2022. U.S. gas production in 2023 averaged a whopping 125.0 Bcf/d (billion cubic feet per day). In 2023, more natural gas was produced in the Appalachia (Marcellus/Utica)…
Read More...Thanks to abundant, clean Marcellus shale gas, Pennsylvania remained the country’s top electricity exporter in 2023 while simultaneously reaching a new low for carbon dioxide (CO2) emissions from electricity generation, according to the Pennsylvania Independent Fiscal Office’s (IFO) latest analysis. Yes, you read that right. PA is producing more electricity than ever, yet CO2 emissions…
Read More...The latest monthly U.S. Energy Information Administration (EIA) Drilling Productivity Report (DPR) for March, issued yesterday (below), shows EIA believes shale gas production across the seven major plays tracked in the monthly DPR for April will decrease production from the prior month of March. This is the ninth month in a row that EIA has…
Read More...Plugging and capping old wells has been in the news a lot lately. The left claims old oil and gas wells are partially responsible for toasting Mom Earth. Bunkum (see our companion story today about the EDF/Google satellite). But, let’s be honest, it’s better to cap old wells than to have them belching methane for…
Read More...We report today in a companion story about the crash in the NYMEX price to $1.77/MMBtu that NGI’s Spot Gas National Average jumped 36.5 cents to $2.115 yesterday based on winter weather forecasts in some states. What will the Henry Hub spot price (not the futures price, but the physically traded spot price) average for…
Read More...The latest monthly U.S. Energy Information Administration (EIA) Drilling Productivity Report (DPR) for February, issued yesterday (below), shows EIA believes shale gas production across the seven major plays tracked in the monthly DPR for March will decrease production from the prior month of February. This is the eighth month in a row that EIA has…
Read More...For climate change catastrophists and “peak gas” proponents who read MDN, please tell us yet again how natural gas (and oil) are on the way out. Remind us of how unreliable renewables are taking the country by storm and that pretty soon (any year now), we won’t need natgas anymore. We need a good laugh!…
Read More...Once a month, the analysts at the U.S. Energy Information Administration (EIA) issue the agency’s Short-Term Energy Outlook (STEO), their best guess about where energy prices and production will go in the next 12 months or so. We sometimes poke good-natured fun at the EIA because their predictions go up in one month, and in…
Read More...The U.S. Energy Information Administration (EIA) is reporting U.S. dry natural gas production in the Lower 48 states reached an all-time monthly high of 105.5 billion cubic feet per day (Bcf/d) in December 2023. In 2023, Lower 48 dry natural gas production increased 3.7% (3.6 Bcf/d) from 2022. Dry natural gas production increased 3.8 Bcf/d…
Read More...BMI, a Fitch Solutions company, recently provided a price forecast for the Henry Hub gas price all the way out to 2028. BMI’s forecast is much rosier than others we’ve read. The U.S. Energy Information Administration (EIA) recently predicted the Henry Hub price will average under $3/MMBtu in both 2024 and 2025. BMI, on the…
Read More...The latest monthly U.S. Energy Information Administration (EIA) Drilling Productivity Report (DPR) for January, issued yesterday (below), shows EIA believes shale gas production across the seven major plays tracked in the monthly DPR for February will *decrease* production from the prior month of January. This is the seventh month in a row that EIA has…
Read More...The Baker Hughes rig count lost ground again last week, as it has in four of the last five weeks. The count went from 621 active rigs two weeks ago to 619 last week. The Marcellus/Utica count was steady at 40 active rigs; however, the mix changed. Pennsylvania kept 19 active rigs as in previous…
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