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.

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.

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.

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.

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.

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.

Sudan and South Sudan Country Analysis Brief

(Thu, 07 Nov 2019) EIA has updated its country analysis Executive Summary for Sudan/South Sudan from the previous country analysis brief. The Executive Summary contains detailed information and updates to crude oil production, consumption, and exports as well as other significant changes in the countries’ energy sectors, and the Background Reference provides additional context to the Executive Summary.
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Net injections in EIA’s salt storage region match record, drive near-record injections in South Central region

(Thu, 31 Oct 2019) Net injections into working gas storage in the South Central region totaled 44 billion cubic feet (Bcf) for the week ending October 25, 2019. Net injections into salt dome working gas storage facilities totaled 25 Bcf for the week, matching the previous record for the week ending October 14, 2016. This week’s combined salt and non-salt implied net flows into working gas in the South Central region is tied for the fifth largest weekly net injection on record in the history of the five-region weekly working gas estimates, dating to 2010.

Cumulative net injections exceed the five-year average in all regions of the Lower 48 states during the 2019 refill season

(Fri, 25 Oct 2019) Working gas stocks climbed higher than the five-year average for the first time since the fall of 2017 as a result of near-record injections into working gas stocks during the 2019 refill season (typically April through November). The deficit to the five-year average reached 565 billion cubic feet (Bcf)—its highest level during 2019—during the week ending March 8. The deficit fell somewhat during the weeks leading up to the 2019 refill season.

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