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December 2018
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Tuesday, 27 November 2018 17:00

Gulf of Mexico gas production declines expected to reverse

Gulf of Mexico gas production declines expected to reverse

Natural gas production in the U.S. Federal Gulf of Mexico (GOM) has been declining for nearly two decades. However, 10 new natural gas production fields are expected to start producing natural gas in 2018 and another 8 are expected to start producing in 2019, according to information reported to the U.S. Department of Interior’s Bureau of Safety and Environmental Enforcement, Caspian Energy News (www.caspianenergy.net) reports with reference to the press statement of the U.S. Energy Information Administration. 

These new field starts may slow or reverse the long-term decline in GOM production. The 16 projects starting in 2018 and 2019 have a combined natural gas resource estimate of about 836 billion cubic feet.

Marketed natural gas production in the Gulf of Mexico averaged 2.6 billion cubic feet per day (Bcf/d) through August 2018, accounting for 4% of total U.S. production. In 1997, when EIA began collecting GOM production data, production averaged 14.3 Bcf/d, accounting for 26% of the United States’ total annual marketed natural gas production.

The decline in GOM natural gas production occurred as the number of producing natural gas wells in the GOM declined, falling from 3,271 in 2001 to 875 in 2017.

Most of the natural gas produced in the GOM is associated-dissolved natural gas produced from oil fields. Although older oil wells in the GOM tend to have higher natural gas content, newer wells are more oil-rich, resulting in less natural gas per well. According EIA’s Natural Gas Annual, 59% of gross withdrawals of natural gas in the GOM were from oil wells in 2017, up from 13% in 1997.

More details: https://www.eia.gov/todayinenergy/detail.php?id=37593

Person in charge of the newsline: Olga Nagiyeva 

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