US natural gas output reaches unprecedented levels as export demand surges

Diversified Energy Company

Production of natural gas in the United States is rising sharply to meet an explosion in global demand, placing the country at the centre of a structural shift in energy supply dynamics.

Output of ‘dry gas’, gas ready for use rather than associated with oil production, is forecast to climb from 103.2 billion cubic feet per day (bcfd) in 2024 to about 107.1 bcfd in 2025, and to 107.4 bcfd in 2026. That follows a 2023 output of 103.6 bcfd, already a record. Meanwhile, total gas demand (domestic consumption plus exports) is expected to rise from roughly 111.5 bcfd in 2024 to 115.7 bcfd in 2025 and 117.7 bcfd by 2026.

What is propelling this surge is a sharp rise in liquefied natural gas (LNG) exports and rising internal consumption driven by large‑scale data‑centre deployment. Gas‑hungry facilities require reliable baseload power, often supplied by gas, reinforcing US producers’ incentive to ramp up efforts. The export boom means the US is increasingly viewed as a global gas powerhouse, supplying to markets hungry for secure, high‑volume imports.

Diversified Energy Company plc (LON:DEC) is an independent energy company engaged in the production, marketing, transportation and retirement of primarily natural gas and natural gas liquids related to its U.S. onshore upstream and midstream assets.

Share on:
Find more news, interviews, share price & company profile here for:

Latest Company News

Diversified Energy expands Permian footprint with $1.8 billion Birch acquisition

The acquisition of Birch Permian will increase Diversified Energy’s production by an estimated 35% and Adjusted EBITDA by about 55%, while establishing a larger operated position in the Permian Basin.

Diversified Energy broadens strategy with Anadarko drilling and Permian expansion

Diversified Energy is expanding its strategy through Anadarko drilling while continuing to pursue acquisition opportunities in the Permian Basin.

Diversified Energy adds operated drilling to growth playbook, Tennyson Securities

Diversified Energy expands its growth strategy with operated drilling as Tennyson Securities maintains its 2,000p target price.

Natural gas outlook strengthens as heat and LNG demand tighten market balance

US natural gas is entering a stronger seasonal setup as heat, slower storage growth and recovering LNG demand improve the market balance.

Diversified Energy targets further Permian expansion with Birch Resources talks

Diversified Energy is in early talks to acquire Birch Resources, a potential deal that could further expand its Permian Basin position and add another major transaction to its acquisition-led strategy.

Diversified Energy confirms preliminary talks to acquire Birch Resources

Diversified Energy has confirmed early-stage discussions regarding a possible acquisition of Birch Resources. No agreement has been reached, and there is no certainty that a transaction will proceed.

Search