A weekly gas report from the Energy Information Administration shows the expansion of natural gas drilling efforts across the U.S. and reflects how interest has resulted in a growth in the number of gas-drilling rigs compared to those drilling for oil.
Rig Count
- According to Baker Hughes, for the week ending Tuesday, October 28, the natural gas rig count increased by 4 rigs from a week ago to 125 rigs. Unidentified production regions added four rigs. The number of oil-directed rigs decreased by 6 rigs from a week ago to 414 rigs. The DJ-Niobrara and the Haynesville basins each dropped one rig, and the unidentified producing regions shed another six rigs. The Barnett and the Permian basins each added one rig. The total rig count, which includes 7 miscellaneous rigs, now stands at 546 rigs, 39 fewer than at this time last year.
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Liquefied Natural Gas (LNG)
- Vessels departing U.S. ports: Thirty-four LNG vessels with a combined LNG-carrying capacity of 128 billion cubic feet (Bcf) departed the United States between October 30 and November 5, according to shipping data provided by Bloomberg Finance, L.P.:
- Nine tankers from Sabine Pass
- Six from Plaquemines
- Five from Corpus Christi
- Four from Cameron
- Three each from Freeport and Calcasieu Pass
- Two each from Cove Point and Elba Island
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Storage
- Net injections into storage totaled 33 Bcf for the week ending October 31, compared with the five-year (2020–24) average net injections of 42 Bcf and last year’s net injections of 68 Bcf during the same week. Working natural gas stocks totaled 3,915 Bcf, which is 162 Bcf (4%) more than the five-year average and 6 Bcf (less than 1%) lower than last year at this time. Working gas natural gas stocks exceed the five-year average in all regions except the East.
- Vessels departing U.S. ports: Thirty-four LNG vessels with a combined LNG-carrying capacity of 128 billion cubic feet (Bcf) departed the United States between October 30 and November 5, according to shipping data provided by Bloomberg Finance, L.P.: