U.S. shale natural gas production has declined so far in 2024
U.S. Energy Information Administration
EIA provides energy statistics and analyses for sound policy making, efficient markets, and public education.
U.S. natural gas production from shale and tight formations, which accounts for 79% of dry natural gas production, decreased slightly in the first nine months of 2024 compared with the same period in 2023.
If this trend holds for the remainder of 2024, it would mark the first annual decrease in U.S. shale gas production since we started collecting these data in 2000.
Total U.S. shale gas production from January through September 2024 declined by about 1%, to 81.2 billion cubic feet per day, compared with the same period in 2023, while other U.S. dry natural gas production increased by about 6% to 22.1 billion cubic feet per day. Total U.S. dry natural gas production from January through September 2024 averaged 103.3 billion cubic feet per day, essentially flat compared with the same period in 2023.
The decline in shale gas production so far this year has been driven primarily by declines in production in the Haynesville and Utica plays. From January through September 2024, shale gas production decreased by 12% (1.8 billion cubic feet per day) in the Haynesville and by 10% (0.6 billion cubic feet per day) in the Utica compared with the same period in 2023. At the same time, shale gas production in the Permian play grew by 10% (1.6 billion cubic feet per day). Production in the Marcellus play, which leads U.S. shale gas production, remained flat.
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Group Manager at Worley Consulting
4 个月They’re waiting on export facilities to be finished. Next one is mid 2025.
Senior Principal Consultant - Lummus Consultants
4 个月When the pipeline imports and exports are basically balanced, no new LNG exports have come online (with a Biden/Harris ban on additional), and full storage, producers can only produce what is consumed. As new LNG terminals come online, and consumption for electrical production increases, the producers will put more wells online and production will go up. Guzintas cannot exceed guzoutas in a balanced system. A cold winter could certainly change this current semi-balance and consumption would go through the roof; until balance is again reached.