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- United States. Production: 1.03 trillion cubic meters. The US is by far the largest producer of natural gas in the world, representing nearly a quarter of global natural gas production.
- Russia. Production: 699 billion cubic meters. As the second largest exporter and the next largest producer of natural gas in the world, Russia also holds the biggest-known natural gas reserves on the planet.
- Iran. Production: 244 billion cubic meters. Iran is the third largest natural gas-producing country, representing about 6 percent of global output. The Middle Eastern nation ranks second in terms of natural gas reserves.
- China. Production: 219 billion cubic meters. In recent years, China’s government has incentivized the transition from coal to natural gas to reduce air pollution and meet emissions targets.
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- Coterra Energy (NYSE:CTRA) Average Natural Gas Production: 2743 million cubic feet per day. Coterra Energy Inc. (NYSE:CTRA) operates in key areas: the Permian Basin across West Texas and Southern New Mexico, the Marcellus Shale in Northeast Pennsylvania, and the Anadarko Basin in Oklahoma's Mid-Continent region.
- Exxon Mobil Corp (NYSE:XOM) Average Natural Gas Production: 2641 million cubic feet per day. Exxon Mobil Corp (NYSE:XOM) has announced a capital expenditure plan of $23 to $25 billion for 2023, marking a 9% increase from the previous year.
- Antero Resources Corporation (NYSE:AR) Average Natural Gas Production: 2200 million cubic feet per day. Antero Resources Corporation (NYSE:AR) operates primarily in the Appalachian Basin, spanning West Virginia and Ohio.
- Ascent Resources (L:AST) Average Natural Gas Production: 1981 million cubic feet per day. Ascent, a major independent natural gas producer in the US, specializes in acquiring, improving, and managing oil and gas assets in Ohio's Utica Shale.
- Texas -- 6.8 trillion cubic feet (23.7% of the total) They say everything is bigger in Texas, and that’s certainly true of the Lonestar State's energy production, as it leads the country in the production of both oil and natural gas.
- Pennsylvania -- 5.5 trillion cubic feet (19% of the total) The state of Pennsylvania produces enough natural gas each year to meet the country’s entire residential demand, which was 4.4 Tcf in 2017.
- Oklahoma -- 2.5 trillion (8.7% of the total) The Sooner State is home to 14 of the 100 largest natural gas fields in the country, the biggest of which is the Hugoton that covers much of the panhandle region as well as parts of Texas and Kansas.
- Louisiana -- 2.1 trillion (7.4% of the total) The state of Louisiana is an important one to the natural gas industry. Not only is it a top-five producer that holds roughly 5% of the country’s remaining natural gas reserves thanks in part to the Hayneville Shale, but it’s a significant consumer of the cleaner-burning fuel.
Global gas production slightly increased in 2023 (+0.7%), after a stagnation in 2022 (-0.1%). Indeed, the steady growth in gas production in the US (+4.7%, almost as fast as its 2010-2019 average) was offset by a 5.5% drop in Russia due to lower exports to the European Union. Gas production slowed down in the Middle East (+2.7%, below its ...
Jul 8, 2024 · Published by Statista Research Department, Jul 8, 2024. As of 2023, the United States was the biggest producer of natural gas in the world. With a production of approximately 1035.3 billion cubic ...
Mar 5, 2024 · Texas is the leading U.S. state in natural gas energy production. In 2023, the oil and gas rich state generated nearly 276.2 terawatt hours of electricity from gas turbines. Florida followed, with ...
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In contrast, wet natural gas also contains significant portions of other liquids such as ethane, propane or butane (also known as Natural Gas Liquids). Wet natural gas is used for petrochemicals as well as gasoline (petrol). In 2022, the United States has led the world in both natural gas production and natural gas exports.
