Today in Energy
Haynesville natural gas production reached a record high in March 2023
Dry natural gas production from the Haynesville shale play in northeastern Texas and northwestern Louisiana reached new highs in March 2023, averaging 14.5 billion cubic feet per day (Bcf/d), 10% more than the 2022 annual average of 13.1 Bcf/d, according to data from Enverus. Haynesville natural gas...
Beaumont refinery expansion boosts Gulf Coast petroleum refining capacity
On March 16, ExxonMobil announced the beginning of operations at the expansion of its Beaumont refinery, adding 250,000 barrels per day (b/d) of capacity, according to the company’s announcement. The expansion makes the oil refinery one of the largest in the United States as measured by crude oil...
A mild winter reduced withdrawals from natural gas storage in the U.S. South Central
During this past winter heating season (Nov 1–Mar 31), the amount of natural gas withdrawn from underground storage in the U.S. South Central storage region was among the least on record, at 239 billion cubic feet (Bcf), according to our Weekly Natural Gas Storage Report. Winter heating degree days...
U.S. natural gas production and LNG exports will likely grow through 2050 in AEO2023
In our Annual Energy Outlook 2023 (AEO2023) Reference case, we project U.S. natural gas production to increase 15% and liquefied natural gas (LNG) exports to increase 152% between 2022 and 2050. We expect natural gas production to rise to 42.1 trillion cubic feet (Tcf) by 2050. Production growth is...
U.S. coal shipments increased slightly in 2022 as power plants replenished stockpiles
The amount of coal received by power plants in the United States has largely declined over the past decade as coal-fired electricity generation has fallen and many coal-fired power plants have closed. However, slightly more coal was shipped to U.S. power plants in 2022 than in 2021 even though...
Less natural gas was withdrawn from storage this winter than in the last seven
Withdrawals of natural gas from U.S. underground storage facilities totaled 1,707 billion cubic feet (Bcf) during the 2022–23 heating season (November 1 to March 31), after subtracting occasional injections, according to our Weekly Natural Gas Storage Report (WNGSR). This recent heating...
2018 CBECS used new technology to virtually list buildings and collect data
The Commercial Buildings Energy Consumption Survey (CBECS) is our sample survey about energy consumption in commercial buildings. Throughout its more than 40-year history, the CBECS has adapted to change. The most recent changes include using satellite images to create a sampling frame, which we use...
Petroleum production in Mexico stabilizes after years of decline
After nearly two decades of steady declines, Mexico’s petroleum and liquid fuels production has remained stable since 2019, and we forecast production in Mexico will remain relatively flat through 2024. Private companies have increased petroleum production in Mexico over the past five years...
Forecast retail gasoline prices for summer 2023 will be lower than last summer
In our April Short-Term Energy Outlook (STEO), we estimate that U.S. retail gasoline prices this summer for regular-grade gasoline will average about $3.50 per gallon (gal), or about 80 cents/gal less than the price last summer, which was the highest price since summer 2014. The summer average...
Solar distributed generation capacity in Brazil is growing rapidly
Brazil’s growth in distributed generation capacity from renewable resources—especially solar—has increased rapidly since the country implemented net metering policies in 2012. As of March 31, 2023, home and building owners have installed more than 1.8 million renewable distributed generation...
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