Today in Energy
Natural gas venting and flaring increased in North Dakota and Texas in 2018
The volume of U.S. natural gas that was reported as vented and flared reached its highest average annual level of 1.28 billion cubic feet per day (Bcf/d) in 2018, according to the U.S. Energy Information Administration’s (EIA) Natural Gas Annual, which contains updated data about vented and...
U.S. petroleum exports exceed imports in September
In September 2019, the United States exported 89,000 barrels per day (b/d) more petroleum (crude oil and petroleum products) than it imported, the first month this has happened since monthly records began in 1973. A decade ago, the United States was importing 10 million b/d more petroleum than it...
EIA updates geologic maps of the Delaware Basin’s Bone Spring formation
The U.S. Energy Information Administration (EIA) has released new maps and geologic information for the Bone Spring play in the Delaware Basin, which spans from southeastern New Mexico to western Texas. The updated information includes formation geology, deposition history, and regional tectonic...
U.S. coal plant retirements linked to plants with higher operating costs
Since peaking at nearly 318 gigawatts (GW) in 2011, U.S. coal-fired electric generating capacity declined to 257 GW in 2017 after several coal power plants retired. The U.S. Energy Information Administration (EIA) undertook a study with Sargent & Lundy to improve modeling for the Annual Energy...
Early November cold weather prompts fuel switching in PJM and MISO
A historic November cold snap sent temperatures below freezing in 75% of the Lower 48 states. Because of this cold snap, the price of natural gas increased from an average of less than $2.00 per million British thermal units (MMBtu) in October to a mid-November high of $5.11/MMBtu at the Tetco M3...
U.S. average gasoline prices this week are similar to the previous two Thanksgivings
As U.S. households prepare for Thanksgiving and the holiday travel season, gasoline prices this year are similar to prices in recent years. As of Monday, November 25, regular retail gasoline prices averaged $2.58 per gallon (gal) nationwide, similar to the $2.61/gal on the Monday before Thanksgiving...
U.S. energy-related CO2 emissions rose in 2018 for the first year since 2014
Total U.S. energy-related carbon dioxide (CO2) emissions in 2018 rose to 5.27 billion metric tons, 2.7% more than its 2017 level. The primary reasons for the increase were higher natural gas-related emissions resulting from more extreme summer and winter weather and growth in transportation-related...
Puerto Rico electricity generation returned to pre-2017 hurricane levels one year later
According to the U.S. Energy Information Administration’s (EIA) latest annual Power Plant Operations Report, nearly a year had passed before net electricity generation in Puerto Rico approached levels similar to those in the months before Hurricanes Irma and Maria damaged the territory’s...
Futures markets signal lower natural gas prices in most U.S. regions in early 2020
The current outlook for U.S. natural gas prices at several key regional hubs reflects market expectations for lower prices in January and February 2020. Two factors account for generally lower prices: lower natural gas futures prices at the U.S. benchmark Henry Hub location and lower regional...
EIA increases U.S. crude oil production forecast for 2019 and 2020
The U.S. Energy Information Administration (EIA) revises its U.S. crude oil production forecast in each monthly Short-Term Energy Outlook (STEO) based mainly on two factors: updates to EIA’s published historical data and EIA’s crude oil price forecast. In the November 2019 STEO, EIA increased...
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