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US Industry Metrics

US natural gas supply and consumption expanded significantly from H1 2017 through H1 2018. According to PointLogic Energy, total gas use in the Lower 48 states averaged 87.4 Bft3d during H1 2018, an 11% rise from the same period last year. Total gas supply averaged 84.8 Bft3d in H1 2018, representing a 10% increase on the year. The increase in supply was led by dry gas production, which expanded by 7.4 Bft3d on the year in H1 2018. GP

 

GP0818 Metrics Fig 02

US natural gas spot prices at Henry Hub and NGL spot prices at Mont Belvieu, $/MMBtu

 

GP0818 Metrics Fig 01

US gas production (Bft3d) and prices ($/Mcf)

 

GP0818 Metrics Fig 03

US natural gas plant field production of NGL, LPG, ethane and propane, Mbpd

 

 

 

 


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FEATURED COLUMNS

Editorial Comment
-Adrienne Blume
The US Energy Information Administration (EIA) reported in April that the US set records for natural gas production in 2017.
EWAnalysis
- Energy Web Atlas
Since market reforms first started in 1978, China has shifted from a centrally planned economy to a market-based economy, experiencing rapid economic and social development.
Industry Perspectives
-Eugene Gerden
Russia aims to ally with Qatar in LNG competition with Australia and other LNG-exporting majors over the coming years.


Maximize Profitability with Advanced Analytics at Natural Gas Processing Plants

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Incorporating economic data into process modeling is key to optimizing operations and maximizing profits at gas processing plants. However, maintaining optimal operations are often challenging due to changing market dynamics, contract structures and increasing process flexibility. Today, gas processors are leveraging Predictive Control and First Principles models to accurately determine and control the optimal operating targets in real time based on the most current plant conditions and profitability, optimizing recovery of natural gas liquids. Learn how real-time analytics, combined with decision support tools, empower companies to:
•Improve processing margins by up to 5%
•Maximize NGL production through improved availability and optimized process conditions
•Improve compositional control to operate closer to product specifications

May 22, 2018 10am CDT

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