Fiscal year 2022 - ending September 30th - county-level data has been released, whereas calendar year 2022 will be released in May
While more diversified than Federal oil production by county, natural gas production is seeing significant locational shifts
U.S. Energy policy needs to be realistic, not ideology-driven
U.S. Natural Gas Production
As we'll show, natural gas production from Federal leases is more diversified than the Lea & Eddy, NM story in oil production, however, those two counties are the only large growth areas. Associated gas appears to be primed to overtake primary gas production.
Associated gas in New Mexico has made it the largest state for onshore natural gas production from Federal lands.
Lea & Eddy, New Mexico, will soon be the largest counties in the U.S. for natural gas production on Federal lands. Interestingly, Eddy County produces less oil but more gas than Lea.
Looking at Gas-Oil ratios using Federal oil and gas production data only suggests the GOR has bottomed and is trending higher in Eddy County, whereas it went down in Lea. Eddy County may be further along in its development and closer to its oil peak. McKenzie County, ND is a good example of what happens to GOR as an oil basin matures.