Frequently Asked Questions (FAQs) - U.S. Energy Information Administration (EIA) (2024)

The U.S. Energy Information Administration estimates in the Annual Energy Outlook 2023 that as of January 1, 2021, there were about 2,973 trillion cubic feet (Tcf) of technically recoverable resources (TRR) of dry natural gas in the United States. Assuming the same annual rate of U.S. dry natural gas production in 2021 of about 34.52 Tcf, the United States has enough dry natural gas to last about 86 years. The actual number of years the TRR will last depends on the actual amount of dry natural gas produced and on changes in natural gas TRR in future years.

Technically recoverable reserves include proved reserves and unproved resources. Proved reserves of crude oil and natural gas are the estimated volumes expected to be produced, with reasonable certainty, under existing economic and operating conditions. Unproved resources of crude oil and natural gas are additional volumes estimated to be technically recoverable without consideration of economics or operating conditions, based on the application of current technology. EIA estimates that as of January 1, 2021, the United States had about 445 Tcf of proved reserves and about 2,528 Tcf of unproved reserves of dry natural gas.

Estimates of TRR are highly uncertain, particularly in places where relatively few wells have been drilled. Early estimates tend to vary and shift significantly over time as new geological information is gained through additional drilling, as long-term productivity is clarified for existing wells, and as the productivity of new wells increases with technology improvements and better management practices. TRR estimates used by EIA for each Annual Energy Outlook are based on the latest available well production data and on information from other federal and state governmental agencies, industry, and academia.

Learn more:
Table 2. Technically recoverable U.S. dry natural gas resources as of January 1, 2020
U.S. historical dry natural gas production
Annual Energy Outlook, Reference case projections for U.S. annual dry natural gas production out to 2050
U.S. Crude Oil and Natural Gas Proved Reserves, Year-end 2021
Energy Explained: How Much Natural Gas Is Left?
Oil and natural gas resource categories reflect varying degrees of certainty
Geology and technology drive estimates of technically recoverable resources
Articles on reserves

Last updated: March 28, 2023


Other FAQs about Natural Gas

Frequently Asked Questions (FAQs) - U.S. Energy Information Administration (EIA) (2024)

FAQs

Is the US Energy Information Administration a reliable source? ›

EIA is the Nation's premier source of energy information and, by law, its data, analyses, and forecasts are independent of approval by any other officer or employee of the United States Government.

How does the EIA collect data? ›

EIA collects information about electric power plants through two annual surveys (Form EIA-860, Annual Electric Generator Report, and Form EIA-923, Power Plant Operations Report) that have monthly supplements.

What is EIA in energy? ›

The Energy Information Administration (EIA) is the statistical agency of the Department of Energy. It provides policy-independent data, forecasts, and analyses to promote sound policy making, efficient markets, and public understanding regarding energy, and its interaction with the economy and the environment.

What is the EIA short term energy outlook? ›

Each month, the STEO provides forecasts through the end of the next calendar year for consumption, supply, trade, and prices across major fuel types. In addition, the STEO provides in-depth market analysis for crude oil, petroleum products, and natural gas markets.

Is IEA a good source? ›

The IEA's energy analyses, international data collection, and coordinated collective emergency response capabilities are unique and highly regarded.

Who funds the US Energy Information Administration? ›

The U.S. Energy Information Administration (EIA) receives funding through an annual appropriation from Congress. EIA's budget falls under the authority of the House and Senate Appropriations Subcommittees on Energy and Water Development.

What is the EIA tool used to identify? ›

Environmental Impact Assessment (EIA) is a tool used to assess the significant effects of a project or development proposal on the environment. EIAs make sure that project decision makers think about the likely effects on the environment at the earliest possible time and aim to avoid, reduce or offset those effects.

What is the purpose of the EIA? ›

The EIA aims to ensure a quality living environment. To avoid environmental impacts that are harmful to society. Shaping the balance of resources as well as the population of the local community.

Where does EIA get data? ›

The State Energy Data System (SEDS) is the source of the U.S. Energy Information Administration's (EIA) comprehensive state energy statistics.

What are the five sources of energy? ›

Primary energy sources take many forms, including nuclear energy, fossil energy -- like oil, coal and natural gas -- and renewable sources like wind, solar, geothermal and hydropower.

What is the main source of energy? ›

Energy Sources in the United States

Petroleum (crude oil and natural gas plant liquids): 28% Coal: 17.8% Renewable energy: 12.7% Nuclear electric power: 9.6%"

Which is not a form of energy? ›

Temperature is a measure of how hot or cold an object is. It is the measurement of the intensity of heat energy present in a body. Therefore, it is not a form of energy, but a measure of the intensity of one. Hence, the correct option is C) Temperature.

What is the EIA US Energy Outlook 2024? ›

Our forecast for all of 2024 averages about $2.20/MMBtu. Electricity consumption. We expect hotter summer temperatures this year compared with last year will increase residential electricity consumption by almost 4% in 2024 compared with last year.

Is the EIA part of the Department of Energy? ›

The U.S. Energy Information Administration (EIA) is the statistical and analytical agency within the U.S. Department of Energy.

What is the EIA Energy Outlook for 2024? ›

We forecast the Brent crude oil spot price will average $90 per barrel (b) in the second quarter of 2024 (2Q24) $2/b more than our March STEO, and average $89/b in 2024. This increase reflects our expectation of strong global oil inventory draws during this quarter and ongoing geopolitical risks.

What is the most reliable energy source in America? ›

Currently, nuclear power is the most reliable.

Is the US Energy Information Administration a government agency? ›

The U.S. Energy Information Administration (EIA) is the statistical and analytical agency within the U.S. Department of Energy.

Is the U.S. Department of Energy Real? ›

The Department of Energy (DOE) manages the United States' nuclear infrastructure and administers the country's energy policy. The Department of Energy also funds scientific research in the field.

Is US energy a real company? ›

ISO 14001 Certified. U.S. Energy is an ISO 14001 certified company which follows Environmental Stewardship, Social Responsibility and Corporate Governance (ESG) criteria in their daily operations.

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