This brief article will highlight the biggest natural gas companies in the US and their production. If you want more details on the country’s natural gas production trends, read Top 25 Natural Gas Producers in the US.
5. Apache Corporation (NASDAQ:APA)
Average Natural Gas Production: 4368 million cubic feet per day
Apache Corporation (NASDAQ:APA) is engaged in the exploration, development, and production of natural gas, oil, and NGLs. The company’s upstream activities extend across the United States, Egypt, and the North Sea near the United Kingdom, with additional exploration in Suriname and other regions. Its midstream segment, operated under Altus Midstream and its affiliate Altus Midstream LP, focuses on building and managing energy assets in the Permian Basin of West Texas. Apache Corporation (NASDAQ:APA) holds approximately 789,000 gross acres in the Southern Midland Basin, around 229,000 gross acres in the Delaware Basin, and over 2.5 million gross acres in its legacy properties. The company operates about 6,000 wells, and its proven reserves are estimated at 3.4 billion cubic feet of gas, equivalent to approximately 607 million barrels of oil.
4. EQT Corporation (NYSE:EQT)
Average Natural Gas Production: 4880 million cubic feet per day
EQT Corporation (NYSE:EQT) is a prominent player in the U.S. natural gas sector, focusing on the Marcellus and Utica Shale regions within the Appalachian Basin. The company possesses approximately 25.0 trillion cubic feet equivalent (Tcfe) of natural gas, NGLs, and oil, spanning a vast area of about 2.0 million gross acres. This includes a significant presence in the Marcellus region, with nearly 1.8 million gross acres. EQT Corporation (NYSE:EQT)’s extensive land holdings are distributed across key areas: approximately 610,000 net acres in Pennsylvania, 405,000 acres in West Virginia, and 65,000 acres in eastern Ohio.
3. Shell Plc (NYSE:SHEL)
Average Natural Gas Production: 5780 million cubic feet per day
In February 2023, Shell Plc (NYSE:SHEL) completed the acquisition of Nature Energy, a specialist in renewable natural gas (RNG) production. This acquisition, initially announced in November 2022, bolsters Shell’s ability to help its customers reduce carbon emissions, aligning with its commitment to achieving net-zero emissions. Under the leadership of CEO Wael Sawan, Shell Plc (NYSE:SHEL) has undergone significant organizational changes since January 2023, including the merger of its oil and gas production and liquefied natural gas (LNG) divisions into a single new division.
2. BP (LON:BP)
Average Natural Gas Production: 7000 million cubic feet per day
BP, a London-based oil and gas company, is pursuing joint ventures in US natural gas fields, focusing particularly on the Haynesville shale gas basin and the Eagle Ford basin. In the Haynesville region, BP has substantial natural gas reserves, including 13 trillion cubic feet and over 500,000 net acres. Concurrently, the company is implementing a long-term strategy to reduce greenhouse gas emissions and expand its renewable and low-carbon energy businesses. A key project this year involves the initiation of operations at BP’s first landfill-to-gas project in Medora, Indiana. This facility converts waste gas from decomposing landfill trash into pipeline-ready renewable natural gas (RNG). BP plans to broaden this initiative, aiming to launch five more modular facilities by the end of 2023 and up to 20 annually across the US.
1. Chevron Corp (NYSE:CVX)
Average Natural Gas Production: 7550 million cubic feet per day
Chevron, one of the largest hydrocarbon producers in the United States, has significant operations in the midcontinent region, the Gulf of Mexico, and California. Chevron Corp (NYSE:CVX) is capitalizing on the energy sector’s lucrative potential, especially following the surge in oil and gas prices due to geopolitical events like Russia’s invasion of Ukraine. The company is intensifying its investments in this area, including new LNG projects in the US Gulf and enhancements to its LNG project in Israel. Chevron Corp (NYSE:CVX) is also actively seeking partnerships in the renewable fuel industry, indicating a broader commitment to diversifying its energy portfolio.
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