With Expand Energy (merger of Chesapeake Energy and Southwestern Energy) not looking to Turn-In-Line (TIL) any of their Deferred Turn-In-Line (DTIL) wells for the remainder of 2024 and with lower production guidance forecasts from other Northeast and Haynesville producers for the remainder of 2024, we are adjusting our November 2024 and December 2024 Long Term production forecasts lower for the overall lower 48 US. The long-term natural gas production forecast for 2025 is also being adjusted lower due to some additional guidance from Expand Energy that 2025 is going to grow at less than 3% YOY.
2024 Revisions
The Lower 48 natural gas production forecast for November 2024 and December 2024 is revised lower by 1.6 Bcf/d and 2.3 Bcf/d, respectively. Southwestern Pennsylvania is revised lower by 0.5 Bcf/d and 0.6 Bcf/d for November 2024 and December 2024, respectively. Northeast Pennsylvania is revised lower by 0.3 Bcf/d for both November 2024 and December 2024. Haynesville Texas is revised lower by 0.1 Bcf/d for November 2024 and December 2024. Haynesville Louisiana is revised lower by 0.3 Bcf/d for November 2024 and 0.6 Bcf/d for December 2024.
2025 Revisions
The lower 48 natural gas production forecast for 2025 is revised lower by 0.5 Bcf/d, with Southwest Pennsylvania and Northeast Pennsylvania revised lower by 0.1 Bcf/d each, Haynesville Louisiana revised lower by 0.2 Bcf/d, and Haynesville Texas revised lower by 0.1 Bcf/d. Production forecasts for 2026 and 2027 are also revised lower by around 0.5 Bcf/d with similar distributions as 2025 for all of Pennsylvania and Haynesville.
The front end energy dashboard, Excel Add-in and API endpoints are all now updated with the updated forecast. Please reach out to support@synmax.com with any questions.