Eagle Ford natural gas production increases as crude oil production holds steady
In our April Short-Term Energy Outlook, we forecast U.S. annual natural gas production from the Eagle Ford region in southwest Texas will grow from 6.8 billion cubic feet per day (Bcf/d) in 2024 to 7.0 Bcf/d in 2026. The increase in natural gas production comes as natural gas prices rise and demand for liquefied natural gas exports grows. Oil production in the Eagle Ford, on the other hand, has hovered around 1.1 million barrels per day (b/d) since 2020, and we forecast it will remain about the same through 2026.
U.S. biodiesel use increases outside of the transportation sector
A small but increasing amount of biodiesel in the United States is consumed in the residential, commercial, and electric power sectors, according to new estimates now published in our State Energy Data System. Previously, we allocated all U.S. biodiesel consumption to the transportation sector, where the vast majority of biodiesel is consumed.
President Donald J. Trump Increases Federal Cost Share for South Carolina
President Donald J. Trump Increases Federal Cost Share for South Carolina WASHINGTON -- Senior Official Performing the Duties of the Administrator Cameron Hamilton announced that President Donald J. Trump made additional disaster assistance available to the state of South Carolina to supplement recovery efforts in the areas affected by Hurricane Helene from Sept. 25 – Oct. 7, 2024. The President authorized the federal cost-share for Public Assistance Category B, including direct federal assistance, to be increased to 100% of total eligible costs for a period of 120 days of the state’s choosing within the first 180 days from the start of
EIA expects higher wholesale U.S. natural gas prices as demand increases
We expect increases in the Henry Hub natural gas price in 2025 and 2026 as demand for natural gas grows faster than supply, driven mainly by more demand from U.S. liquefied natural gas (LNG) export facilities, reducing the natural gas in storage compared with the last two years. In our January Short-Term Energy Outlook (STEO), we forecast the U.S. benchmark Henry Hub natural gas spot price to increase in 2025 to average $3.10 per million British thermal units (MMBtu) and in 2026 to average $4.00/MMBtu from the record low set in 2024.
President Joseph R. Biden, Jr. Increases Federal Cost Share for California Disaster Declaration
President Joseph R. Biden, Jr. Increases Federal Cost Share for California Disaster Declaration WASHINGTON -- FEMA Administrator Deanne Criswell announced that President Joseph R. Biden, Jr. made additional disaster assistance available to the state of California for emergency work undertaken as a result of wildfires and straight-line winds beginning on January 7, 2025, and continuing. The President authorized the federal cost-share to be increased from 75% to 100% for a period of 180 days of the state’s choosing within the first 270 days of the incident period. The major disaster declaration made federal funding available for Individual Assistance, Public Assistance, the Hazard
President Joseph R. Biden, Jr. Increases Federal Cost Share for Virginia
President Joseph R. Biden, Jr. Increases Federal Cost Share for Virginia WASHINGTON -- FEMA Administrator Deanne Criswell announced that President Joseph R. Biden, Jr. made additional disaster assistance available to the Commonwealth of Virginia to supplement recovery efforts in the areas affected by Tropical Storm Helene from Sept. 25 to Oct. 3, 2024. The President authorized the federal cost-share to be increased to 100% for debris removal, including direct federal assistance for a period of 120 days of the commonwealth’s choosing within the first 180 days from the start of the incident period. The major disaster declaration made federal funding available for
President Joseph R. Biden, Jr. Increases Federal Cost Share for Florida
President Joseph R. Biden, Jr. Increases Federal Cost Share for Florida WASHINGTON -- FEMA Administrator Deanne Criswell announced that President Joseph R. Biden, Jr. made additional disaster assistance available to the state of Florida to supplement recovery efforts in the areas affected by Hurricane Helene from Sept. 23 to Oct. 7, 2024. The President authorized the federal cost-share to be increased to 100% for debris removal and emergency measures, including direct federal assistance for a period of 120 days of the state’s choosing within the first 180 days from the start of the incident period. The major disaster declaration made federal funding
President Joseph R. Biden, Jr. Increases Federal Cost Share for North Carolina
President Joseph R. Biden, Jr. Increases Federal Cost Share for North Carolina WASHINGTON – FEMA Administrator Deanne Criswell announced that President Joseph R. Biden, Jr. made additional disaster assistance available to the state of North Carolina to supplement recovery efforts in the areas affected by Tropical Storm Helene from Sept. 25, and continuing. The major disaster declaration approved by President Biden on Sept. 29, 2024 made federal funding available for Public Assistance, Hazard Mitigation, and other needs assistance, with a federal cost-share of 75%. An amendment approved on Oct. 2, 2024 increases that federal cost share to 100% for the first
President Joseph R. Biden, Jr. Increases Federal Cost Share for Georgia
President Joseph R. Biden, Jr. Increases Federal Cost Share for Georgia WASHINGTON -- FEMA Administrator Deanne Criswell announced that President Joseph R. Biden, Jr. made additional disaster assistance available to the state of Georgia to supplement recovery efforts in the areas affected by Hurricane Helene from Sept. 24 to Oct. 30, 2024. The President authorized the federal cost-share to be increased from 75% to 100% for debris removal and emergency measures, including direct federal assistance, for a period of 120 days of the state’s choosing within the first 180 days from the start of the incident period. The major disaster declaration made
President Joseph R. Biden, Jr. Increases Federal Cost Share for Tennessee
President Joseph R. Biden, Jr. Increases Federal Cost Share for Tennessee WASHINGTON – FEMA Administrator Deanne Criswell announced that President Joseph R. Biden, Jr. made additional disaster assistance available to the state of Tennessee to supplement recovery efforts in the areas affected by Tropical Storm Helene from Sept. 26-30, 2024. The President authorized the federal cost-share to be increased from 75% to 100% for debris removal and emergency protective measures, including direct federal assistance, for a period of 120 days of the state’s choosing within the first 180 days from the start of the incident period. The major disaster declaration