Natural gas–fired electricity generation during Texas cold snap just shy of record high
A February 19–22 cold snap increased electricity demand in Texas, and natural gas–fired electricity generation approached record highs for hourly and daily generation.
Natural gas pipeline project completions increase takeaway capacity in producing regions
Natural gas pipeline projects completed in 2024 increased takeaway capacity by approximately 6.5 billion cubic feet per day (Bcf/d) in the U.S. natural gas-producing Appalachia, Haynesville, Permian, and Eagle Ford regions, according to our latest Natural Gas Pipeline Projects tracker. These pipelines deliver natural gas from the producing regions to demand centers in the mid–Atlantic […]
U.S. ethane production, consumption, and exports set new records in 2024
U.S. ethane production, consumption, and exports reached record highs in 2024, according to recent data from our Petroleum Supply Monthly. Increasing ethane recovery associated with natural gas production and continued growth in the domestic and global petrochemical sectors drove these increases.
EIA forecasts Alaska crude oil production will grow in 2026 for the first time since 2017
In our March 2025 Short–Term Energy Outlook, we forecast crude oil production in Alaska will increase by 16,000 barrels per day (b/d) in 2026 to 438,000 b/d after remaining relatively flat in 2025. Two new oil developments in Alaska—the Nuna and Pikka projects—are expected to boost crude oil production in the state after decades of […]
U.S. battery capacity increased 66% in 2024
In the United States, cumulative utility-scale battery storage capacity exceeded 26 gigawatts (GW) in 2024, according to our January 2025 Preliminary Monthly Electric Generator Inventory. Generators added 10.4 GW of new battery storage capacity in 2024, the second-largest generating capacity addition after solar. Even though battery storage capacity is growing fast, in 2024 it was […]
U.S. butane exports reached a new record in 2024
In February 2025, Corpus Christi Stage 3, an expansion of the existing Corpus Christi liquefied natural gas (LNG) export facility, produced its first LNG cargo, according to the developer Cheniere Energy. Corpus Christ Stage 3 started producing LNG in December 2024. The start of LNG exports from Corpus Christi Stage 3 follows shortly after the […]
U.S. natural gas–directed rigs decreased for second consecutive year in 2024
The number of rigs deployed to drill for natural gas in the United States decreased over the last two years. U.S. natural gas–directed rigs decreased 32% (50 rigs) between December 2022 and December 2024. This decline has been concentrated in the natural gas–rich Haynesville and Appalachia regions, where the combined natural gas rig count declined […]
U.S. propane exports have increased every year since 2007
U.S. propane exports averaged a record 1.8 million barrels per day (b/d) in 2024, the most since we began collecting this data in 1973. U.S. propane exports increased for each of the last 17 years, with growth driven by higher demand in East Asia, mainly China, and a widening propane price differential between U.S. and […]
First liquefied natural gas cargo produced at Corpus Christi Stage 3 export facility
In February 2025, Corpus Christi Stage 3, an expansion of the existing Corpus Christi liquefied natural gas (LNG) export facility, produced its first LNG cargo, according to the developer Cheniere Energy. Corpus Christ Stage 3 started producing LNG in December 2024. The start of LNG exports from Corpus Christi Stage 3 follows shortly after the […]
Refinery closures and rising consumption will reduce U.S. petroleum inventories in 2026
In 2026, we forecast that inventories of the three largest transportation fuels in the United States—motor gasoline, distillate fuel oil, and jet fuel—will fall to their lowest levels since 2000 in our February Short-Term Energy Outlook.