Natural gas consumed by electric power plants set a record high of 46.7 billion cubic feet on Monday, July 27th according to data from S&P Global Platts. That same day natural gas-fired capacity reached an all-time high (dispatch level) of 315,989 megawatts in the late afternoon. The new record can be attributed to low natural…
The U.S. Energy Information Administration reported that natural gas-fired power generation in the Lower 48 states was 9% higher in the first half of 2020 compared to 2019. The uptick can be attributed to the recent price fallout and natural gas-fired capacity additions. Overall electricity generation was down 5% in the first half of 2020…
The U.S. Energy Information Administration (EIA) reported that underground natural gas storage capacity for the Lower 48 states has remained relatively unchanged in 2019. Design capacity, which is the engineering estimates, has held consistent near 4.6 Tcf. Demonstrated peak capacity which is calculated as the total of the highest storage levels reached by each storage…
In the U.S. Energy Information Administration’s (EIA) most recent Short-Term Energy Outlook, they forecast a decrease in natural gas consumption during 2020 led by declines in the industrial, commercial, and residential sectors. Demand from the electric power sector is expected to increase during the first half of the year but will likely fall back near…
NOAA’s three-month temperature outlook (May, June, July 2020) points to a high probability of above-average temperatures for the majority of the contiguous United States with near-normal temperatures expected in only parts of the Midwest. The East, South, and West coasts all have the highest probability of seeing these above-average temperatures. No part of the country…
On January 24th the prompt (Feb20) NYMEX natural gas futures contract settled at $1.893/MMBtu which was the lowest January closing price for the near-month contract since January 1999 and also the lowest near-month settle since March 2016. After the second warmest January since 2000, working gas in underground storage surged to a 199 Bcf surplus…
According to data from the Midwestern Regional Climate Center, most regions east of the Rockies have seen above-average temperatures so far this winter. A ridge of high pressure has dominated weather patterns since early December bringing with it all these unseasonably “warm” temperatures. For the Midwest, they state that Cleveland, Ohio has experienced their second-warmest…
Natural gas production climbed to a new all-time high in 2019 driven by growth in the Permian, Appalachian, and Haynesville shale basins. New takeaway capacity in each of these regions also allowed more molecules to get to market quicker which helped offset the growth in exports and electric power consumption. The low cost of natural…
NOAA’s Three-Month Outlook that was released on November 21st for the period December 2019 through February 2020 maintains a warm lean with both coasts and the South expected to see above-average temperatures while the Midwest and northern Plains the only regions expected to get seasonal averages. No region in the Lower 48 is expected to…
As of September 2019, cumulative US-installed onshore wind capacity exceeded 100 gigawatts (GW) according to the US Energy Information Administration’s (EIA) Preliminary Monthly Electric Generator report. Over half of that amount has been installed since the start of 2012. Only nine states in the entire country do not have at least one installed wind turbine.…