Working natural gas in storage at March 31, the traditional end of the heating season, totaled 2.05 trillion cubic feet (Tcf), nearly 15% above the five-year average, according to the Energy Information Administration.
Coal-fired power plants accounted for 25% of operating electricity generating capacity in the U.S. and generated roughly 30% of U.S. electricity in 2016, according to the Energy Information Administration.
Natural gas production between April and May will jump by a half-billion cubic feet, while crude oil production will rise by 124,000 barrels per day, all in the U.S.’s seven most prolific production areas.
The number of drilled, but uncompleted wells, aka DUCs, increased by 111 from February to March in the Lower 48 States’ seven most prolific production areas, the Energy Information Administration reports.
U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) fell 2.2 million barrels (MMBbls) during the week ended April 7, from the previous week’s total, the Energy Information Administration’s Weekly Petroleum Status Report.
Pending an official announcement regarding the extension of the crude oil production agreement and future compliance assessments, OPEC crude oil production volumes will approach pre-agreement levels during the second half of 2017, the Energy Information Administration reports.