The significant rise in Permian production of oil, natural gas, and natural gas liquids (NGLs) over the past decade is well-documented. However, since last summer, Permian hydrocarbon production appears to have plateaued. According to recent data from the Energy Information Administration (EIA), crude oil production increased to approximately 6.0 million… Read more »
Posts Categorized: Articles
Unlocking the Potential of Haynesville Natural Gas: Balancing Supply, Demand, and Takeaway Challenges
Since late 2023, Haynesville gas production has been on a decline as a result of lower gas prices, strategic reductions/delays in drilling activity and well completions by gas producers, and temporary operational issues. The gas production currently stands at ~15.4 Bcf/d, down 1.8 Bcf/d from the heights seen last summer…. Read more »
Benchmarking Crude Oil Egress From Permian
When it comes to pipeline take-away constraints out of the Permian, the spotlight has largely been on natural gas and NGLs. However, Permian crude oil takeaway pipeline situation is not far behind and remains dynamic given the possibility of positive FIDs on multiple large offshore crude oil terminals in the… Read more »
Growing Ethane Exports: Reshaping Appalachian Producers’ Commercial Strategies
In April 2024, Energy Transfer unveiled the inaugural phase of an optimization initiative at the Marcus Hook NGL export terminal, designed to incorporate additional ethane refrigeration and storage capacity. This enhancement aims to facilitate heightened exports of ethane from the Appalachian basin. While specific details regarding the incremental capacity remain… Read more »
Clean Ammonia: Leading the Global Decarbonization Charge
Clean ammonia is fast emerging as the front runner in global decarbonization efforts in various hard-to-abate sectors from power generation and maritime shipping. Domestically, clean ammonia is shaping to be a vital component of a pragmatic U.S. energy transition future. Recent advancements in technology, favorable regulatory policies, sizable federal subsidies,… Read more »
Debunking the Hype: Putting the U.S. LNG Approval Pause into Perspective
On April 2nd, 2024, Reuters reported White House officials being open to ending the pause on approvals of liquefied natural gas (LNG) exports to obtain Republican support to get a Ukraine aid package as part of the $95 billion bipartisan national security agreement. The White House has labeled this development… Read more »