• 3 minutes Will Iron-Air batteries REALLY change things?
  • 7 minutes Natural gas mobility for heavy duty trucks
  • 11 minutes NordStream2
  • 51 mins GREEN NEW DEAL = BLIZZARD OF LIES
  • 5 hours U.S. Presidential Elections Status - Electoral Votes
  • 5 hours Evergrande is going Belly Up.
  • 7 hours Monday 9/13 - "High Natural Gas Prices Today Will Send U.S. Production Soaring Next Year" by Irina Slav
  • 1 hour Is China Rising or Falling? Has it Enraged the World and Lost its Way? How is their Economy Doing?
  • 2 days Poland Expands LNG Powered Trucking and Fueling Stations
  • 3 days World’s Biggest Battery In California Overheats, Shuts Down
  • 2 days The unexpected loss of output from wind turbines compels UK to turn to an alternative; It's not what you think!
  • 23 hours Ten Years of Plunging Solar Prices
  • 1 day Extraction of gasoline from crude oil.
  • 3 days The coming Cyber Attack
  • 3 days Is the Republican Party going to perpetuate lies about the 2020 election and attempt to whitewash what happened on January 6th?
  • 4 days Ozone layer destruction driving global warming
  • 4 days 'Get A Loan,' Commerce Chief Tells Unpaid Federal Workers

Breaking News:

UN Climate Conference Snubs Big Oil

Texas Freeze Led To Biggest Monthly Drop In U.S. Natural Gas Output   

The winter storms in February triggered the largest monthly drop in U.S. natural gas production on record, primarily due to freeze-offs in Texas, the Energy Information Administration (EIA) said on Monday.

During the cold snap in February, production across the United States, especially Texas, was disrupted, while natural gas consumption in the residential sector hit a record high, EIA data showed.

U.S. natural gas production in February 2021—measured by gross withdrawals—averaged 104.8 billion cubic feet per day (Bcf/d). This was 8.1 Bcf/d, or a 7-percent decline, compared to January, and was the largest monthly decline on record.

In Texas, natural gas production dropped by a record 15 percent, or by 4.3 Bcf/d, to 21.5 Bcf/d, and the decline in the Texas production accounted for most of the overall slump in American natural gas output, the EIA said.

During the coldest week in Texas, natural gas production collapsed by 45 percent, primarily due to freeze-offs, as the infrastructure in Texas is more susceptible to extreme cold snaps, unlike the relatively winterized natural gas production infrastructure in the northern parts of the United States.

The winter storms resulted in the second-largest weekly withdrawal of natural gas from storage in the U.S. as demand spiked, while net natural gas withdrawals from storage this heating season exceeded the five-year average by 10.6 percent because of the inclement weather, EIA data showed earlier this year.

The large withdrawals were due to both decreased production, but also record-high consumption in the residential sector in Texas and a three-year high consumption in the commercial sector. In February, residential sector consumption in Texas hit a monthly record high of 1.8 Bcf/d, up by 53 percent compared to February 2020 and 64 percent higher than the five-year average, as per EIA data.

A recent analysis by The Wall Street Journal has found that the Electric Reliability Council of Texas (ERCOT) tried to prevent blackouts during the winter storm by paying large industrial users to cut power consumption, but the program to save electricity actually ended up further eroding natural gas supply because some of those large users they shut down were natural gas infrastructure firms.

By Tsvetana Paraskova for Oilprice.com

More Top Reads from Oilprice.com:



Join the discussion | Back to homepage



Leave a comment

Leave a comment

EXXON Mobil -0.35
Open57.81 Trading Vol.6.96M Previous Vol.241.7B
BUY 57.15
Sell 57.00
Oilprice - The No. 1 Source for Oil & Energy News