• Connect with us
    • Information
      • About Us
      • Contact Us
      • Careers
      • Partnerships
      • Advertise With Us
      • Authors
      • Browse Topics
      • Events
      • Disclaimer
      • Privacy Policy
    • Australia
      North America
      World
    Login
    Investing News NetworkYour trusted source for investing success
    • North America
      Australia
      World
    • My INN
    Videos
    Companies
    Press Releases
    Private Placements
    SUBSCRIBE
    • Reports & Guides
      • Market Outlook Reports
      • Investing Guides
    • Button
    Resource
    • Precious Metals
    • Battery Metals
    • Base Metals
    • Energy
    • Critical Metals
    Tech
    Life Science
    Energy Market
    Energy News
    Energy Stocks
    • Energy Market
    • Energy News
    • Energy Stocks
    oil and gas investing

    EIA Predicts US Will Produce Most Natural Gas Ever in 2018

    Nicole Rashotte
    Jan. 12, 2018 11:30AM PST
    Energy Investing
    Oil and Gas Investing

    This week, the US Energy Information Administration released its short-term energy outlook, giving surprising predictions for natural gas in 2018.

    On Tuesday (January 9), the US Energy Information Administration (EIA) released its short-term energy outlook, giving surprising predictions for natural gas in 2018.
    In the report, the EIA predicts that 2018 will bring not only the highest US natural gas output ever, but also the biggest year-over-year jump in production to date. Natural gas production is forecast to average 80.4 billion cubic feet per day (Bcf/d) in 2018 — a 6.9 Bcf/d increase from 2017 levels.
    As Bloomberg has reported, the reasons behind the EIA’s forecast stem from logistics and oil. Pipelines able to carry roughly 7 Bcf/d away from the prolific Appalachian region are due to start up this year, allowing production that’s been bottled up in the east to flood out. Meanwhile, rising oil production in the Permian Basin and elsewhere will bring increased quantities of associated natural gas.


    The EIA also projects a shift in natural gas prices in its outlook; it is calling for lower natural gas prices this year and next year compared to 2017. These predictions are important because they point to a supply and demand landscape that differs quite noticeably from previous years. In fact, an increase in production and a decrease in natural gas prices will have the current structure entirely flipped.
    However, as Bloomberg explains, the export valve operates as more of a floor than an elevator when it comes to natural gas. In theory, linking higher global natural gas prices more directly to the US market should lift domestic prices eventually.
    Also noteworthy is the EIA’s forecast for US oil, which it sees hitting the highest output level ever. Per the EIA, US crude oil production averaged an estimated 9.3 million barrels per day (b/d) in 2017, and is estimated to have averaged 9.9 million b/d in December.
    US crude oil production is forecast to average 10.3 million b/d in 2018, surpassing the previous record of 9.6 million b/d set in 1970. The EIA forecasts that production will increase to an average of 10.8 million b/d in 2019 and will surpass 11 million b/d in November 2019.
    Don’t forget to follow us @INN_Resource for real-time news updates!
    Securities Disclosure: I, Nicole Rashotte, hold no direct investment interest in any company mentioned in this article.
    us marketoil and gas investing
    The Conversation (2)
    Peter Geisler
    Peter Geisler
    18 Feb, 2018
    Hi - very nice and interesting report. The long lasting story of natural gas is in focus by me years. Because of the surprising speed developing technology in NG exploring and producing now it has reached a level, where accompanying factors like dollar index are only modulating, but not longer more the main factor for NG pricing. Technology beats these factors for having a most deeper level for being economically for producers. That's making sense for me. Thank you again for the clear report.
    0 Replies Hide replies
    Show More Replies
    Peter Geisler
    Peter Geisler
    18 Feb, 2018
    Hi - very nice and interesting report. The long lasting story of natural gas is in focus by me years. Because of the surprising speed developing technology in NG exploring and producing now it has reached a level, where accompanying factors like dollar index are only modulating, but not longer more the main factor for NG pricing. Technology beats these factors for having a most deeper level for being economically for producers. That's making sense for me. Thank you again for the clear report.
    0 Replies Hide replies
    Show More Replies

    Go Deeper

    AI Powered
    Gas stove and world map.

    Top 10 Countries for Natural Gas Production

    Gas stove and stock chart.

    How to Invest in Natural Gas: Stocks, ETFs and Futures

    Latest News

    Alvopetro Announces September 2025 Sales Volumes, Quarterly Natural Gas Price Update, Non-Core Disposition and Western Canadian Expansion

    Angkor Resources Completes First Onshore Seismic Program in Cambodia; Vanderbilt Report Publishes Coverage

    CHARBONE Hydrogen Secures Harnois Energies' Hydrogen Assets to Accelerate Clean Ultra High Purity Hydrogen Production at Sorel-Tracy

    CHARBONE Hydrogene securise les actifs de production d'hydrogene d'Harnois Energies pour accelerer la production d'hydrogene propre a ultra haute purete a Sorel-Tracy

    AEG Confirms Pre-Sale of 35% of Initial 8 MW UAE Capacity with Strong Revenue Outlook and Clear Expansion Path

    More News

    Outlook Reports world

    Resource
    • Precious Metals
      • Gold
      • Silver
    • Battery Metals
      • Lithium
      • Cobalt
      • Graphite
    • Energy
      • Uranium
      • Oil and Gas
    • Base Metals
      • Copper
      • Nickel
      • Zinc
    • Critical Metals
      • Rare Earths
    • Industrial Metals
    • Agriculture
    Tech
      • Artificial Intelligence
      • Cybersecurity
      • Gaming
      • Cleantech
      • Emerging Tech
    Life Science
      • Biotech
      • Cannabis
      • Psychedelics
      • Pharmaceuticals

    Featured Energy Investing Stocks

    Charbone Hydrogen

    CH:CC

    Alvopetro Energy

    ALV:CC

    Coelacanth Energy

    CEI:CC

    Jupiter Energy

    JPR:AU

    First Helium

    HELI:CA

    Source Rock Royalties

    SRR:CC
    More featured stocks

    Browse Companies

    Resource
    • Precious Metals
    • Battery Metals
    • Energy
    • Base Metals
    • Critical Metals
    Tech
    Life Science
    MARKETS
    COMMODITIES
    CURRENCIES