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U.S. natural gas production grew by 4% in 2023, similar to 2022

U.S. natural gas production grew by 4% in 2023, or 5.0 billion cubic feet per day (Bcf/d), to average 125.0 Bcf/d, according to our Natural Gas Monthly. The Natural Gas Monthly was recently updated with natural gas production data through December 2023. In 2023, three regions—Appalachia, Permian...

Western U.S. hydropower generation fell to a 22-year low last year

According to preliminary data from our Electricity Data Browser, the least hydropower was generated in the western United States during the 2022–23 water year (October 1 through September 30) since at least 2001. Western region hydropower generation dropped by 11% from the previous water year to...

December natural gas price in Southern California was the lowest since 2015

Natural gas prices at SoCal Citygate, the major price hub in Southern California, averaged $3.61 per million British thermal units (MMBtu) in December 2023—the lowest December price since 2015 when adjusted for inflation—according to data from Natural Gas Intelligence. The main drivers for the low...

EIA increases oil price forecast following OPEC+ production cut extension

We increased our forecast prices for crude oil and petroleum products for the remainder of 2024 in our March Short-Term Energy Outlook (STEO) following the announcement that OPEC+ will extend the existing voluntary production cuts through the second quarter of 2024. We now forecast significantly...

Natural gas intrastate pipeline capacity additions outpaced interstate additions in 2023

In 2023, 5.2 billion cubic feet per day (Bcf/d) of natural gas intrastate pipeline capacity was added in the United States, according to our recently updated Natural Gas Pipeline Projects Tracker. Intrastate pipelines are within a single state (that is, they do not cross state lines) and are...

M&A activity in 2023 furthers consolidation of U.S. crude oil and natural gas firms

In 2023, crude oil and natural gas exploration and production (E&P) companies increased spending on mergers and acquisitions (M&A) to $234 billion, the most in real 2023 dollars since 2012. Recent dealmaking marks a return to the previous trend of consolidation among oil companies in the...

U.S. crude oil exports reached a record in 2023

U.S. crude oil exports established a record in 2023, averaging 4.1 million barrels per day (b/d), 13% (482,000 b/d) more than the previous annual record set in 2022. Except for 2021, U.S. crude oil exports have increased every year since 2015, when the U.S. ban on most crude oil exports was lifted...

Four countries could account for most near-term petroleum liquids supply growth

In 2023, the world produced an estimated 101.8 million barrels per day (b/d) of petroleum and other liquids: mostly crude oil but also lease condensate, natural gas liquids, biofuels, and other liquids from hydrocarbon sources. We expect the global petroleum and other liquids supply to increase by...

Winter storms have disrupted U.S. natural gas production

Over the last four winters, winter storms Uri (February 2021), Elliott (December 2022), and most recently, Heather (January 2024) interrupted weekly U.S. natural gas production by more than 15 billion cubic feet per day (Bcf/d), according to daily estimates from S&P Global Commodity Insights...

U.S. propane exports established a new record in December 2023

U.S. propane exports averaged a record 1.9 million barrels per day (b/d) in December 2023, the highest since we began collecting this data in 1973 in our Monthly Energy Review. Increased exports resulted from the highest propane price spread between the U.S. Gulf Coast and East Asia in a decade due...

CountryMark

CountryMark Announces Ada Cuadrado as VP of Operations

INDIANAPOLIS, December 4, 2023 — CountryMark recently named Ada Cuadrado as vice president of operations leading the company’s refining, project management, regulatory and safety organizations. Read More......

Fueling Wishes Raises Over $28,000 to Fund Wishes of Two Hoosier Children in Need

CountryMark fuel stations in Greenfield, Indiana and Winslow, Indiana raised more than $28,000 during the month of September to fund the wishes of two local children battling life-threatening illness through CountryMark’s Fueling Wishes fundraiser. Read More......

Two CountryMark Fuel Stations will Host Fundraisers for Children in Need

CountryMark’s Fueling Wishes fundraiser is returning for the second year to fund the wishes of two Hoosier children battling critical illnesses. During the month of September, CountryMark is donating 20 cents for every gallon of fuel sold at the CountryMark station in Greenfield, IN and the CountryMark station in Winslow, IN to fund the wishes Read More......

CountryMark’s Fueling Freedom raises over $65,000 for local military families

CountryMark’s Fueling Freedom events on June 30 raised more than $65,000 to support local National Guard Solider and Family Readiness Groups (SFRG) and United Service Organizations. Across Indiana, Illinois, and Ohio, 34 CountryMark-branded fueling stations participated in Fueling Freedom 2023. For every gallon of fuel pumped, CountryMark and local branded dealers agreed to donate 50 Read More......

CountryMark Named One of Indiana’s Fastest Growing Companies

CountryMark was named this week by the Indianapolis Business Journal as one of the state’s fastest growing companies based on 2022 revenues. This was CountryMark’s first time to be included in the IBJ’s list of fast-growing companies. Read More......

CountryMark’s Fueling Wishes Raises Over $13,000 to Fund Wish of Shelby County Child Battling Critical Illness

Proceeds from the fundraiser resulted from CountryMark donating 20 cents per gallon from fuel sales during the month of August, in-store donations from customers, and matching of those customer donations from QuickPix convenience store operator Herdrich Petroleum Corp. Read More......

Fueling Wishes Fundraiser Launched at the CountryMark Station in Shelbyville, Indiana

During the month of August, CountryMark is donating 20 cents for every gallon of fuel pumped at the CountryMark QuickPix station in Shelbyville, IN to fund the wish of a local child battling a critical illness. Read More......

CountryMark’s Fueling Freedom raises over $63,000 for local military families

CountryMark’s Fueling Freedom events on June 24 raised more than $63,000 to support local National Guard Family Readiness Groups and Unite Service Organizations. Across Indiana, Illinois and Ohio, 34 CountryMark-branded fueling stations participated in Fueling Freedom 2022. For every gallon of fuel pumped, CountryMark and local branded dealers agreed to donate 50 cents to organizations Read More......

CountryMark Names New Vice President of Corporate Services

CountryMark recently named Mike Leland as vice president of corporate services leading the corporate teams of human resources, information technology, division order and management systems. Read More......

CountryMark fuel stations to raise money for military families with Fueling Freedom

Fuel up at a participating CountryMark fuel station during Fueling Freedom and 50 cents from every gallon of fuel sold will be donated to local organizations that support our military families! Read More......

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