April 5, 2018 – Natural Gas Intelligence
EIA Says U.S. Natural Gas Storage Capacity Increases 1% in 2017
By: Leticia Gonzales
Underground natural gas storage capacity in the Lower 48 grew by less than 1% year/year to November 2017, with most of the new capacity coming from expansions made to facilities in the East storage region, according to the U.S. Energy Information Administration (EIA).
Storage capacity increased by 34 Bcf, or 0.7%, during the year, with nearly all -- 30 Bcf -- occurring in the East, where gas production has grown almost continually since 2009. In 2016, all of the expansions that occurred in storage capacity were concentrated in the South Central region…
Read the full article here: http://www.naturalgasintel.com/articles/113932-eia-says-us-natural-gas-storage-capacity-increases-1-in-2017
...The Permian Basin, Haynesville Shale, Marcellus Shale and Oklahoma’s stacked reservoirs, the STACK and SCOOP, i.e. the Sooner Trend of the Anadarko Basin, mostly in Canadian and Kingfisher counties, and the South Central Oklahoma Oil Basin, are locations in need of infrastructure from a production point of view, the developer said. A critical part of infrastructure development, storage can serve as a home for that gas as pipelines come online and systems re-balance.
‘Old School’ Storage Model
However, the growth in production in Appalachia and in other supply basins has many industry analysts questioning the importance of storage as a supply source. In the Marcellus alone, production is happening where the storage fields are, and each year, there has been more production deliverability than total deliverability of storage, RBN Energy’s Rick Smead, managing director of advisory services, told NGI last October…
