How much natural gas does the Permian Basin produce?

How much natural gas does the Permian Basin produce?

An Oct. 19 report from the federal Energy Information Administration showed the Permian accounted for about 30 percent of U.S. crude oil and 14 percent of the nation’s natural gas production.

What type of gas comes from reservoirs with very little or no crude oil?

Natural gas
Natural gas from gas and condensate wells, in which there is little or no crude oil, is termed ‘nonassociated gas’. Gas wells typically produce raw natural gas by itself, while condensate wells produce free natural gas along with a semi-liquid hydrocarbon condensate.

How does hydraulic fracturing release natural gas from shale deposits?

For shale gas, hydraulic fracturing of a reservoir is the preferred stimulation method (see graphic below). This typically involves injecting pressurized fluids to stimulate or fracture shale formations and release the natural gas. Sand pumped in with the fluids (often water) helps to keep the fractures open.

What is the Waha hub?

Recently completed pipeline projects in Texas and Mexico have increased natural gas transportation capacity from the Waha Hub—located near Permian Basin production activities in West Texas—to the U.S. Gulf Coast and Mexico.

Why is the Permian Basin so popular?

The Permian Basin is renowned for vast oil and gas reserves and record-breaking daily production levels that established the United States as the largest producer in the world.

How many oil rigs are in the Permian Basin?

Growing rig counts: 242 in Permian Basin, 228 in Texas, 491 in U.S. Permian Basin, Texas and U.S. continue to add oil and gas drilling rigs.

Who invented natural gas?

William Hart
In 1821, William Hart successfully dug the first natural gas well at Fredonia, New York, United States, which led to the formation of the Fredonia Gas Light Company. The city of Philadelphia created the first municipally owned natural gas distribution venture in 1836. By 2009, 66 000 km3 (16,000 cu.

Is natural gas the same as oil?

The biggest difference between Crude Oil and Natural Gas is their molecular makeup. Crude Oil is comprised of a wide and diverse selection of complex hydrocarbons. Natural Gas is also made up of a mixture of different hydrocarbons, such as gasses like ethane, propane, butane, and pentane.

Why is there natural gas in shale?

Because shales ordinarily have insufficient permeability to allow significant fluid flow to a wellbore, most shales are not commercial sources of natural gas. Shale gas is one of a number of unconventional sources of natural gas; others include coalbed methane, tight sandstones, and methane hydrates.

Why must natural gas be extracted from shale by fracking?

Shale is a tightly packed sedimentary rock. The shale is very porous, but it is not very permeable. This allows the shale to hold a lot of oil/natural gas but makes it difficult to remove those energy sources. Recent technologies have made it possible to extract the oil and natural gas trapped in deep shale formations.

Where is Henry Hub?

Erath, Louisiana
What is Henry Hub? The Henry Hub is perhaps the best-known of all natural gas trading points in North America. Located near Erath, Louisiana, the pipeline interchange moves gas from across the US Gulf Coast through a header system operated by Sabine Pipe Line, a subsidiary of Chevron Corporation.

What is Waha in oil and gas?

Waha (yellow dot in Figure 1) is the fast-rising supply hub located in West Texas at a crossroads of the Permian producing region and markets in the Southwest, Midcontinent and Texas Gulf Coast regions, as well as across the border in Mexico.