Annual average Ohio natural gas production (blue line in graph) dropped from 7.1 Bcf/d in 2017 to 5.7 Bcf/d in 2024 - a decline of 1.4 Bcf/d. Over the same period, power generation demand in the state (yellow stacked area) rose by 0.6 Bcf/d. Those two factors combined to reduce net outflows from the state (red line) from 3.5 Bcf/d to 1.6 Bcf/d.
In newly announced deals, Antero Resources and Antero Midstream will expand their holdings in northern West Virginia and divest non-core assets in eastern Ohio.
All roads lead to Louisiana in the natural gas market, and those roads have become increasingly crowded as LNG demand sucks in gas from other states. Today, we discuss Boardwalk’s Kosci Junction project and how it will impact the gas market in Louisiana, Mississippi and beyond.
As the Marcellus/Utica became the U.S.’s premier natural gas production region in the 2010s, a larger portion of its output headed out of the Northeast. An increasingly important part of the story has involved greater demand for gas from within the Northeast, especially the power sector.
