Ranger Minerals
  • Our Company Who We Are
  • Opportunities Buy or Sell
    • Minerals/Royalties
      • Overview
      • Oil and Gas Royalties: The Complete Guide
      • What Are Mineral Rights? Ownership, Value, Surface Rights, and Key Terms
      • Selling Mineral Rights: A Complete Guide
    • 1031 Exchange
      • Rules & Requirements
      • How To Guides for Different Asset Types
  • Resources Learn More
    • Learn More
      • Frequently Asked Questions
      • Oil & Gas Glossary
      • Industry News
      • Contact Us
    • Guides
      • View All Guides
      • 1031 Exchange
      • Mineral Rights & Royalties
      • How to Find Oil on Your Land: A Practical Guide to Modern Exploration
      • The Ultimate Guide for Oil and Gas Leases
    • News
      • Industry News
      • Company News
      • View All Recent News
  • Contact
  • Free Consultation
  • Click to open the search input field Click to open the search input field Search
  • Menu Menu

Greater Natural Gas Production is Boost to US at Home and Abroad

Last updated: November 18, 2024 | Reading Time: 2 minutes
Natural gas production has tripled in the Permian, Eagle Ford, and Bakken, shifting the balance more toward gas over the past decade.

When it comes to the U.S. energy economy, it’s a fracking world and we’re just living in it. Increasingly, fracking is supporting not just epic quantities of crude oil. Moreover natural gas, according to a new report by the U.S. Energy Information Administration. Let’s talk more about the greater natural gas production.

Natural gas production has more than tripled in the Permian, Eagle Ford and Bakken. Oil plays over the past decade, and the balance of oil and natural gas has shifted more toward natural gas.

“More crude oil is being produced from these wells, more natural gas will come to the surface over time,” said Trinity Manning-Pickett, an economist with the Energy Information Administration.

The Greater Natural Gas Production in the Permian, Eagle Ford

Over the past decade, there have been changes in the natural gas production in the Permian, Eagle Ford, and Bakke. The oil industry experienced a remarkable increase. It is more than tripling in volume. This surge in natural gas output can be attributed to advancements in extraction technologies.

Examples are hydraulic fracturing and horizontal drilling, which have enabled producers to tap into previously inaccessible reserves.  These methodologies continue to evolve. They not only enhance the efficiency of oil extraction, but also inadvertently lead to a significant uptick in natural gas production. Consequently, the energy landscape within these prolific regions has undergone a transformation, resulting in a shifting balance where natural gas now constitutes a larger portion of the overall hydrocarbon output than in the past.

The Trinity Manning-Pickett

Trinity Manning-Pickett, an economist with the Energy Information Administration, offers valuable insights into this phenomenon. It is noted that “as more crude oil is being produced from these wells, more natural gas will come to the surface over time.” This reflects a fundamental characteristic of the geological formations in these regions, where oil and gas resources often coexist.

As operators focus on maximizing oil yields, they inevitably generate substantial volumes of associated natural gas, which must be managed effectively to prevent flaring and ensure economic viability. As the market dynamics evolve, stakeholders in the energy sector must adapt to the growing presence of natural gas, exploring new avenues for its utilization, distribution, and integration into the broader energy portfolio. This shift not only has implications for energy producers but also influences energy policy, environmental considerations, and the global energy transition toward more sustainable sources.

Click here to read the full article
Source: MARKETPLACE

—

Do you have any questions or thoughts about the topic related to Greater natural gas production?

Feel free to contact us here or leave a comment below.

You might also like
New USGS study finds 473M barrels of oil, 27T cubic feet of gas in WY, CO, UT—signaling major boost for U.S. energy supply and economy. DOI says new USGS study finds ‘significant’ undiscovered oil, gas resources
Unlock the wealth potential of mineral rights while navigating severance taxes. Learn how to optimize income, minimize tax liabilities, and stay compliant. Expert advice for smart decisions in this comprehensive guide. Mineral rights and severance tax: What landowners should know
The total number of active drilling rigs for oil and gas in the US rose this week, Baker Hughes reported Friday. Oil and gas rig count ticks up in the US as production hits new high
Discover how AI boosted efficiency and accuracy in oil and gas project management and helped a firm streamline engineering processes. How AI drove data optimization for oil and gas capital projects
Unlock wealth with oil and gas property leasing! Dive into this comprehensive guide, exploring how it works, benefits, risks, lease types, and strategies for success. Learn from real-world success stories and get started on a lucrative investment journey in the thriving energy industry. Leasing oil and gas properties: A lucrative investment opportunity
British oil giant BP on Tuesday reported third-quarter net profit of $2.21 billion, beating analyst expectations. BP beats third-quarter profit expectations on higher oil and gas production
Discover the importance of title research in securing mineral rights and preventing legal issues, disputes, and financial losses in the oil, gas, and mining industries. Securing Mineral Rights and The Role of Title Research
ExxonMobil currently produces 1.5M bpd from its Permian Basin holdings, with plans to increase that to 2.3 million barrels per day by 2030. ExxonMobil targets 2.3 million barrels a day in Permian by 2030

Get project updates and learn more

Sign up for our free email newsletter:

 We respect your email privacy

About Ranger

contact usRanger Land and Minerals is a Dallas, Texas-based acquisitions and mineral rights company with team members having close to 100 years of combined oil and gas royalties industry experience.

Contact Us

Our Partners
We work with the top drilling operators, including:
     

Learn More

Our Associations
We are proud members of the following associations:
         

Learn More

  • Paid Up Oil and Gas Lease: What It Means, How It Works, and What to Watch For
  • How to Get Oil Companies to Drill on Your Land
  • Average Price Per Acre for Mineral Rights: What to Expect and How to Estimate Value
  • How Much Money Can You Make From an Oil Well?
  • How to Find Oil on Your Land

View All Guides

  • U.S. rig count reaches 603 as oil drilling expands
  • U.S. plans to back Delek’s Texas refinery expansion
  • ONEOK expands Midland Basin capacity with $4.425 billion deal
  • Barnett-Woodford expands Midland Basin oil development options
  • BLM to auction 30 oil and gas lease parcels in November 2026

View All News

Are you interested in buying or selling mineral rights?

Contact us and a representative will be in touch shortly

Contact Us

100 Crescent Court, Suite 700
Dallas, Texas 75201

(469) 310-4970

  • Facebook
  • Twitter
  • Instagram
  • LinkedIn

Contact Us

Our team specializes in the acquisition of mineral rights, royalties, overriding royalty and non-operated working interests. Contact us to learn more about how we can assist you.

Contact Us

Our Company & Services

  • About Us
  • Minerals/Royalties
  • 1031 Exchange
  • Contact Us

Resources

  • Guides
  • FAQ
  • Glossary
  • News
© Copyright Ranger Land and Minerals | Privacy Policy | Disclaimer
Link to: Exxon Mobil Corp. Beats Estimates on Higher Permian Basin Oil Production Link to: Exxon Mobil Corp. Beats Estimates on Higher Permian Basin Oil Production Exxon Mobil Corp. Beats Estimates on Higher Permian Basin Oil ProductionExxon outperforms oil majors, rising 15% despite falling crude prices, with higher production growth and lower costs than rivals. Link to: ORRI Comparative Analysis and Working Interests Link to: ORRI Comparative Analysis and Working Interests ORRI Comparative Analysis and Working InterestsORRI Comparative Analysis and Working Interests
Scroll to top