Today in Energy Short, timely articles with graphics on energy facts, issues, and trends.
Natural gas venting and flaring increased in North Dakota and Texas in 2018
on December 6, 2019 at 1:00 pm
The volume of U.S. natural gas that was reported as vented and flared reached its highest average annual level of 1.28 billion cubic feet per day (Bcf/d) in 2018, according to the U.S. Energy Information Administration’s (EIA) Natural Gas Annual, which contains updated data about vented and flared natural gas. In 2018, the percentage of U.S. natural gas that was vented and flared increased to 1.25% of gross withdrawals, up from 0.84% the previous year. Two states, North Dakota and Texas, accounted for 1.1 Bcf/d, or 82% of the reported U.S. vented and flared natural gas.
U.S. petroleum exports exceed imports in September
on December 5, 2019 at 1:00 pm
In September 2019, the United States exported 89,000 barrels per day (b/d) more petroleum (crude oil and petroleum products) than it imported, the first month this has happened since monthly records began in 1973. A decade ago, the United States was importing 10 million b/d more petroleum than it was exporting. Long-running changes in U.S. trade patterns for both crude oil and petroleum products have resulted in a steady decrease in overall U.S. net petroleum imports.
EIA updates geologic maps of the Delaware Basin’s Bone Spring formation
on December 4, 2019 at 1:00 pm
The U.S. Energy Information Administration (EIA) has released new maps and geologic information for the Bone Spring play in the Delaware Basin, which spans from southeastern New Mexico to western Texas. The updated information includes formation geology, deposition history, and regional tectonic features. The Delaware Basin is in the western part of the larger Permian Basin, one of the most prolific areas for oil and natural gas production in the United States
U.S. coal plant retirements linked to plants with higher operating costs
on December 3, 2019 at 1:00 pm
Since peaking at nearly 318 gigawatts (GW) in 2011, U.S. coal-fired electric generating capacity declined to 257 GW in 2017 after several coal power plants retired. The U.S. Energy Information Administration (EIA) undertook a study with Sargent & Lundy to improve modeling for the Annual Energy Outlook (AEO). The results show the relationship between plant retirements and a plantâ€™s operating and maintenance costs. According to the report, a larger share of plants with higher operating and maintenance costs retired by 2018 than those with relatively low operating and maintenance costs.
Early November cold weather prompts fuel switching in PJM and MISO
on December 2, 2019 at 1:00 pm
A historic November cold snap sent temperatures below freezing in 75% of the Lower 48 states. Because of this cold snap, the price of natural gas increased from an average of less than $2.00 per million British thermal units (MMBtu) in October to a mid-November high of $5.11/MMBtu at the Tetco M3 hub, located in northeast Pennsylvania in the PJM Interconnection (PJM). Prices rose about $1.00/MMBtu and reached nearly $3.00/MMBtu at the Chicago Citygate hub in the Midcontinent Independent System Operator (MISO). These price increases resulted in coal-fired power generation replacing natural gas-fired generation starting in late October in both of these regional transmission organization markets. In both PJM and MISO, where strong competition exists between natural gas- and coal-fired generation, relative shifts in fuel prices can influence which type of power plant operates.