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.

Pages