U.S. Gas Production Curbed by Arctic Blast

January 23, 2025--Written by Daniel Graeber for Industrial Info Resources (Sugar Land, Texas)--The extreme cold for much of the eastern half of the U.S. is catching up with the energy sector, with data showing a recent decline of about 2 billion cubic feet per day in gas production.

Cold weather advisories on Wednesday stretched as far west as New Mexico, though lows only reached the double-digits. Houstonians woke up to below-freezing temperatures and snow, while parts of western Pennsylvania were below freezing. As much as 10 inches of snow fell on parts of New Orleans.

Companies featured: LyondellBasell (NYSE:LYB), Freeport LNG and Cheniere Energy Incorporated (NYSE:LNG)