US NatGas Winter Outlook – Higher Production, Even Higher Demand
U.S. natural gas production is projected to increase a big 4% this winter, but lower-than-average storage along with an estimated 2% increase in demand will combine to place upward pressure on natural gas prices compared to last winter. So says the Natural Gas Supply Association (NGSA) in its 22nd annual Winter Outlook forecast of the wholesale winter natural gas market (an executive summary of the NGSA report is embedded below).
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Researchers at the West Virginia University (WVU) Energy Institute presented an update on their latest work to reporters yesterday on the Evansdale campus in Morgantown. According to Sam Taylor, assistant director for the WVU Energy Institute, the university is leading the way in research of technologies that can help move the state to a cleaner environment while still using the natural gas produced in the state. WVU professed its love for natgas, but it loves loves loves hydrogen.
The U.S. Energy Information Administration recently published its Winter Fuels Outlook for 2022-2023. Major media outlets are picking up on this statistic: The U.S. average household that heats with natural gas will pay $931 this winter, up 28% (or $206) from what that same household paid last winter. Although production (supplies) of natural gas is increasing, demand is going up even more. Yes, LNG exports play a role in that, but so too does an increase in demand from domestic power generators, industrial users, etc. But here’s what we want to point out about this news, some context that’s missing in the stories we see: Other Western democracies, like Germany, are paying far more for natural gas than we are. FAR more.
Each year Michael Cembalest, the Chief Investment Officer at J.P. Morgan asset management, publishes a report on the state of the global energy space. It is a comprehensive assessment of the state of play in the world of energy, chock full of charts and data related to every industry segment. This year’s 2022 Annual Energy Paper, subtitled, “The Elephants in the Room” (full copy below), begins with a summary of the energy landscape, including the energy crisis in Europe, the recovery in the oil and gas sector, and a warning label on industrial electrification and carbon sequestration forecasts.
The U.S. Energy Information Administration (EIA) published an article yesterday to say that according to their data, the U.S. hit a new record high for natural gas production in 2021. As part of the article, EIA points out that the Marcellus/Utica region now accounts for nearly one-third of all U.S. dry natural gas production! The chart included with the article (below) shows gas production by source, including both the #1 source (Texas) and #2 source (Pennsylvania).
The American Petroleum Institute (API) yesterday released new analyses (see the 160-page report below) on the benefits of low-carbon hydrogen produced from natural gas. The study, commissioned by API and conducted by ICF, found that hydrogen produced from natural gas with carbon capture and produced from electricity and other energy sources (so-called “blue” hydrogen) could eliminate an additional 180 million metric tons of greenhouse gas (GHG) emissions on average per year through 2050 and save over $450 billion cumulatively through 2050 when hydrogen incentives are uniformly provided based on a per ton of GHG emissions reduced. API wants the world to know, hydrogen made from natural gas (as 95% of all hydrogen is), is the way to go.
The U.S. Energy Information Administration recently published an article observing the number of DUCs (
When oil and natural gas (i.e. methane) are extracted from the ground, inevitably some methane leaks/escapes into the atmosphere. Such leaks cause leftist wackos to go apoplectic, they’re so convinced methane will cause the earth to toast. We don’t like seeing methane leak either–but for a different reason. Every one of those molecules could be harvested and sold! There’s money in that leaking methane! One of the first tasks in solving the issue of leaking methane is to determine its source. Where is the methane originating from? Researchers at the Los Alamos National Lab (LANL) have discovered a way to determine where methane originates by measuring not only methane, but other hydrocarbons present, including ethane.
On Monday, MDN told you that the University of Pittsburgh (Pitt) Graduate School of Public Health and the Pennsylvania Department of Health (DOH) had “suddenly” pulled out of an event scheduled for yesterday to update the public on Pitt’s research on the potential health effects of hydraulic fracturing in Pennsylvania (see 
MDN Editor Jim Willis had the honor of presenting today at the Pennsylvania Oil & Gas Landowner Alliance (
Nearly two years ago, Gov. Tom Wolf announced a $2.5 million contract had been awarded to the University of Pittsburgh Graduate School of Public Health to “conduct research on the potential health effects of hydraulic fracturing in Pennsylvania” (see 
According to a column by a Reuters analyst, U.S. natural gas production will need to increase significantly to continue growing LNG exports while ensuring natgas remains affordable for domestic electric power producers, households, and industrial users. This is the first article (we’ve seen) that puts numbers to the claim that LNG exports are beginning to drive the price of domestic natgas to higher levels.
Americans, indeed just about every human on the planet alive today, have been so thoroughly brainwashed that burning fossil fuels is causing catastrophic global warming and is “bad” or “evil,” that when someone comes along to say, “Wait a minute, what if more carbon dioxide is a good thing,” that person is considered a crackpot. Let us ask that question. What if more carbon dioxide (CO2) in the atmosphere is actually helping Mom Earth, not hurting Mom Earth? Is it possible?
Each quarter NGI (