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Natural gas industry in the United States - statistics & facts

Advances in horizontal drilling and hydraulic fracturing have made the United States natural gas industry the largest in the world. As more sophisticated extraction technologies have allowed for shale gas to be culled, the United States has grown to become the world’s leading producer of natural gas. Formed over millions of years from decomposing plant and animal matter, natural gas is one of the most widely used fossil fuels today. It consists primarily of methane and other hydrocarbons.

Coronavirus impact on exploration and production

New exploration ventures have seen proved natural gas reserves in the U.S. increase over the last few years. However, as the coronavirus pandemic has severely impacted exploration and production operations throughout 2020, reserves volumes declined that year,with many oil and gas companies brought to the brink of bankruptcy. Those specializing in shale were particularly hard hit, with Chesapeake Energy, a shale pioneer, the most prominent victim. In 2020, natural gas production in the U.S. fell to 914.6 billion cubic meters, down from a peak of 930 billion cubic meters the previous year. As a result, the U.S. oil and gas extraction industry’s value added similarly declined, falling to the lowest value since 2003.
Another impactful event was the February 2021 power crisis in Texas brought about by winter storm Uri. Many refineries in the state were left without power or had to preemptively shut down their operations, resulting in the Henry Hub price soaring to over 12 U.S. dollars per million British thermal units – a price hike not seen since 2008.

LNG export high

Due to an increase in production output and added LNG terminal capacity, U.S. exports of natural gas have tripled in the past five years. By 2020, a record 5.3 trillion cubic feet of natural gas had been exported via pipelines and in liquefied form via tankers. Particularly due to the growth in LNG trading, the U.S. has become the second largest natural gas exporter worldwide, following Russia and ahead of Qatar.

Key figures

The most important key figures provide you with a compact summary of the topic of "Natural gas industry in the U.S." and take you straight to the corresponding statistics.

U.S. production

U.S. trade

U.S. economic impact

Interesting statistics

In the following 5 chapters, you will quickly find the 24 most important statistics relating to "Natural gas industry in the U.S.".

Natural gas industry in the U.S.

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Natural gas industry in the United States - statistics & facts

Advances in horizontal drilling and hydraulic fracturing have made the United States natural gas industry the largest in the world. As more sophisticated extraction technologies have allowed for shale gas to be culled, the United States has grown to become the world’s leading producer of natural gas. Formed over millions of years from decomposing plant and animal matter, natural gas is one of the most widely used fossil fuels today. It consists primarily of methane and other hydrocarbons.

Coronavirus impact on exploration and production

New exploration ventures have seen proved natural gas reserves in the U.S. increase over the last few years. However, as the coronavirus pandemic has severely impacted exploration and production operations throughout 2020, reserves volumes declined that year,with many oil and gas companies brought to the brink of bankruptcy. Those specializing in shale were particularly hard hit, with Chesapeake Energy, a shale pioneer, the most prominent victim. In 2020, natural gas production in the U.S. fell to 914.6 billion cubic meters, down from a peak of 930 billion cubic meters the previous year. As a result, the U.S. oil and gas extraction industry’s value added similarly declined, falling to the lowest value since 2003.
Another impactful event was the February 2021 power crisis in Texas brought about by winter storm Uri. Many refineries in the state were left without power or had to preemptively shut down their operations, resulting in the Henry Hub price soaring to over 12 U.S. dollars per million British thermal units – a price hike not seen since 2008.

LNG export high

Due to an increase in production output and added LNG terminal capacity, U.S. exports of natural gas have tripled in the past five years. By 2020, a record 5.3 trillion cubic feet of natural gas had been exported via pipelines and in liquefied form via tankers. Particularly due to the growth in LNG trading, the U.S. has become the second largest natural gas exporter worldwide, following Russia and ahead of Qatar.

Interesting statistics

In the following 5 chapters, you will quickly find the 24 most important statistics relating to "Natural gas industry in the U.S.".

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