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Released September 16, 2022 | SUGAR LAND
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Researched by Industrial Info Resources (Sugar Land, Texas)--The number of operational U.S. natural gas rigs is greater than at the beginning of the COVID-19 pandemic, according to energy services provider Baker Hughes Company (NYSE:BKR) (Houston, Texas), and the U.S. Energy Information Administration (EIA) expects an increase in production.
On September 9, Baker Hughes reported that 166 natural gas rigs were operating in the U.S., the largest number since August 2019. That is up from 112 rigs on January 31, 2020--when the government first declared a public health emergency regarding the pandemic. The number dropped throughout the first half of 2020, reaching a low of 68 rigs in late July of that year.
The EIA expects dry natural gas production to jump as drilling increases, according to the agency's September Short-Term Energy Outlook (STEO). The STEO estimates production through 2023 will average 100.5 billion cubic feet per day (Bcf/d), up from the August estimate of 97.6 Bcf/d.
Industrial Info is tracking $818 million worth of projects related to natural gas production in the U.S. Subscribers to Industrial Info's Global Market Intelligence (GMI) Oil and Gas Production Project Database can click here for a full list of detailed project reports.
Jonah Energy LLC (Denver, Colorado), which acquires and develops oil and natural gas properties in North America, is at work on a $150 million drilling program at the Normally Pressured Lance (NPL) Natural Gas Field in Wyoming, representing the fourth year of a 10-year program. Subscribers can click here for the detailed project report.
Ballard Petroleum Holdings LLC (Billings, Montana) expects to begin construction next month on a drilling program and equipment additions in Wyoming, which consists of drilling three horizontal crude oil and natural gas wells. The project is expected to wrap up in March 2023. Click here for the project report.
Along that same timeline, Ultra Resources Incorporated (Denver, Colorado) also expects to begin construction next month on $50 million worth of well pad equipment additions in Boulder, Colorado. The project entails installing a variety of equipment at a well pad that consists of 39 wells. The company is a subsidiary of PureWest Energy (Denver), which focuses on natural gas development in the U.S. Rocky Mountain region. Click here for the project report.
In terms of natural gas processing plants, Pinnacle Midstream LLC's (Houston, Texas) Dos Picos plant in Midland, Texas, is in the final commissioning stage. The plant will process 200 million cubic feet per day from a multi-well pad development in the Midland Basin.
Subscribers to Industrial Info's GMI Project Database can click here for a full list of detailed reports for projects mentioned in this article, and click here for a full list of related plant profiles.
The EIA expects demand from all natural gas end users to increase this year, led by the electric power sector. For related information, see September 15, 2022, articles - Global Natural Gas Supplies Could Tighten Further, and U.S. Readies for $3.5 Billion in Gas-Fired Power-Generation Projects.
Industrial Info Resources (IIR) is the leading provider of industrial market intelligence. Since 1983, IIR has provided comprehensive research, news and analysis on the industrial process, manufacturing and energy related industries. IIR's Global Market Intelligence (GMI) helps companies identify and pursue trends across multiple markets with access to real, qualified and validated plant and project opportunities. Across the world, IIR is tracking over 200,000 current and future projects worth $17.8 Trillion (USD).
On September 9, Baker Hughes reported that 166 natural gas rigs were operating in the U.S., the largest number since August 2019. That is up from 112 rigs on January 31, 2020--when the government first declared a public health emergency regarding the pandemic. The number dropped throughout the first half of 2020, reaching a low of 68 rigs in late July of that year.
The EIA expects dry natural gas production to jump as drilling increases, according to the agency's September Short-Term Energy Outlook (STEO). The STEO estimates production through 2023 will average 100.5 billion cubic feet per day (Bcf/d), up from the August estimate of 97.6 Bcf/d.
Industrial Info is tracking $818 million worth of projects related to natural gas production in the U.S. Subscribers to Industrial Info's Global Market Intelligence (GMI) Oil and Gas Production Project Database can click here for a full list of detailed project reports.
Jonah Energy LLC (Denver, Colorado), which acquires and develops oil and natural gas properties in North America, is at work on a $150 million drilling program at the Normally Pressured Lance (NPL) Natural Gas Field in Wyoming, representing the fourth year of a 10-year program. Subscribers can click here for the detailed project report.
Ballard Petroleum Holdings LLC (Billings, Montana) expects to begin construction next month on a drilling program and equipment additions in Wyoming, which consists of drilling three horizontal crude oil and natural gas wells. The project is expected to wrap up in March 2023. Click here for the project report.
Along that same timeline, Ultra Resources Incorporated (Denver, Colorado) also expects to begin construction next month on $50 million worth of well pad equipment additions in Boulder, Colorado. The project entails installing a variety of equipment at a well pad that consists of 39 wells. The company is a subsidiary of PureWest Energy (Denver), which focuses on natural gas development in the U.S. Rocky Mountain region. Click here for the project report.
In terms of natural gas processing plants, Pinnacle Midstream LLC's (Houston, Texas) Dos Picos plant in Midland, Texas, is in the final commissioning stage. The plant will process 200 million cubic feet per day from a multi-well pad development in the Midland Basin.
Subscribers to Industrial Info's GMI Project Database can click here for a full list of detailed reports for projects mentioned in this article, and click here for a full list of related plant profiles.
The EIA expects demand from all natural gas end users to increase this year, led by the electric power sector. For related information, see September 15, 2022, articles - Global Natural Gas Supplies Could Tighten Further, and U.S. Readies for $3.5 Billion in Gas-Fired Power-Generation Projects.
Industrial Info Resources (IIR) is the leading provider of industrial market intelligence. Since 1983, IIR has provided comprehensive research, news and analysis on the industrial process, manufacturing and energy related industries. IIR's Global Market Intelligence (GMI) helps companies identify and pursue trends across multiple markets with access to real, qualified and validated plant and project opportunities. Across the world, IIR is tracking over 200,000 current and future projects worth $17.8 Trillion (USD).
