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Chevron Leads Ongoing Rebound in U.S. Natural Gas Production, as 3Q Kickoffs Hit $3 Billion

Chevron Leads Ongoing Rebound in U.S. Natural Gas Production, as 3Q Kickoffs Hit $3 Billion

oil_gas_production

Industry Segment: Production | Word Count: 720 Words
Attachment: US NG prod 3Q21

SUGAR LAND--June 21, 2021--Researched by Industrial Info Resources (Sugar Land, Texas)--U.S. natural gas production is waking from its pandemic-era slumber. According to the U.S. Energy Information Administration (EIA), domestic production of dry natural gas averaged 92.2 billion cubic feet per day in May 2021, compared with 87.8 billion cubic feet per day in May 2020. Domestic drilling activity began to grow in the last quarter of 2020, and Industrial Info now is tracking $3 billion worth of natural gas-production projects set to begin construction from July through September, the bulk of which are in the deepwater Gulf of Mexico.

Within this article: Details on some of the major U.S. natural gas-production projects set to begin construction in the third quarter, including those from key companies such as Chevron Corporation (NYSE:CVX), Arena Energy LP and Royal Dutch Shell (NYSE:RDS.A).

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