22 December 2022 | Other

Cold weather isn’t expected to seriously affect oil and gas production in Texas

According to the weather forecast, Texas will experience this year’s coldest temperatures by the end of the week. 

The U.S. National Weather Service data demonstrate that polar air masses will move south through the Central Plains. Low temperatures are expected to reach Texas this morning, December 22. The thermometer will drop below zero.

At the same time, the change in the weather is unlikely to impact oil and gas production and transportation. At least, this impact won’t be as strong as it was during the winter storm in February 2021.

However, the possibility of fluctuations in production due to weather conditions shouldn’t be completely excluded. Although Texas is ready for this cold weather, falling temperatures, along with other problems, may influence some production processes.

Usually, Texas produces and supplies around 29 billion cubic feet of natural gas. For gas used to generate electricity, these figures are reduced to 5 billion cubic feet per day. These gas reserves will be enough to generate electricity for more than 100 days.

Company MarketCheese
Period: 14.05.2025 Expectation: 1650 pips
Technical and fundamental background supports AUDCAD
07 May 2025 62
Elena_Dorokhina
Elena_Dorokhina

Listed among the best MarketCheese authors
1st in the segment "Currencies"
Period: 08.05.2025 Expectation: 550 pips
EURUSD to drop to 1.13000
07 May 2025 50
Period: 13.05.2025 Expectation: 240 pips
Brent crude price rebound to continue up to 65
07 May 2025 52
Period: 14.05.2025 Expectation: 1000 pips
Buying GBPUSD amid trade talks and weaker dollar with target at 1.344
07 May 2025 31
Period: 12.05.2025 Expectation: 1500 pips
USDJPY rebound fades ahead of Fed meeting
06 May 2025 64
Period: 30.05.2025 Expectation: 975 pips
Natural gas maintains upside potential within megaphone pattern
06 May 2025 67
Go to forecasts