Table of Contents Hide
- Overview of the Natural Gas Industry
- Main Components of the Natural Gas Industry
- Considerations When Working With Natural Gas Companies
- Natural Gas Companies in the US
- Georgia Natural Gas Companies
- Liquefied Natural Gas Companies
- What is the biggest gas company?
- Who is the largest natural gas company in the US?
Numerous enterprises are engaged in the discovery, production, refinement, and distribution of natural gas, a crucial fuel for homes and businesses all over the world. These businesses, which range from international behemoths to specialized independent producers, are leading the natural gas market in terms of innovation and development. Here, we take a closer look at some of the biggest liquefied natural gas companies in the US, including those in Georgia and Oklahoma.
If you’re in charge of obtaining natural gas for your business, learning about some of the top liquefied natural gas companies in the US, such as those in Oklahoma and Georgia, can help you make an informed decision on which company to deal with.
Overview of the Natural Gas Industry
The exploration, extraction, purification, and distribution of natural gas, a fossil fuel, are all part of the natural gas business in the United States. Following extraction, natural gas is refined to remove impurities like water, oil, and other minerals. Pipelines are then used to transport it to either storage facilities or customers directly. There are many uses for natural gas, including for heating, cooking, producing electricity, and as a feedstock for chemicals.
Federal and state organizations that oversee operations like drilling, transportation, and the security of natural gas infrastructure regulate the natural gas industry in the United States. Environmental issues like water and air pollution are also significant problems in the sector. Natural gas use has increased recently as a cleaner substitute for coal, but it still contributes significantly to carbon dioxide emissions.
Main Components of the Natural Gas Industry
Natural gas companies primarily perform three tasks: production and exploration, reprocessing, and distribution. One company may participate in one, two, or all three of these activities.
- Exploration and production: To find and extract natural gas from underground rock formations, natural gas companies engage in exploration and production activities. This procedure usually entails drilling wells and using methods like hydraulic fracturing, or “fracking,” to extract the gas.
- Refinement: Natural gas is refined to remove impurities like water, oil, and other minerals after it has been extracted. Processes used in refinement can include filtration, drying, and the elimination of impurities like sulfur and mercury.
- Distribution: Following refinement, natural gas is delivered to customers via pipelines, trucks, or ships. Companies that supply natural gas may also run storage facilities to hold extra gas for later use.
Natural gas companies in the US, such as those in Oklahoma and Georgia, may also be involved in the marketing and sales of natural gas in addition to the construction and upkeep of infrastructure related to the use of natural gas, such as pipelines and storage facilities.
Considerations When Working With Natural Gas Companies
The world’s largest producer of natural gas is now the United States, followed by Russia and China. You’ll notice that most of the names of the biggest natural gas producers are familiar to you; these natural gas producers are frequently among the biggest energy conglomerates in the world.
There are numerous smaller businesses all over the country, even though some of the biggest natural gas companies are well-known. Each state has multiple different companies that handle the production, distribution, or both of natural gas.
Despite these alternatives, many companies concentrate on reducing their use of natural gas to save money. Invoice auditing is the most effective approach to reducing natural gas utility costs. Regardless of your provider, this method looks at billing to uncover savings in overcharges and inaccuracies that frequently end up on natural gas invoices.
Natural Gas Companies in the US
The following is a list of US natural gas companies:
#1. Exxon Mobil
Being ranked either No. 1 or No. 2 for the previous 5 years, this company is by far the biggest producer in the US market and one of the biggest in the entire world. Exxon Mobil generates roughly 50% more natural gas than Chesapeake Energy, its main rival.
- Market Cap: 417.167 billion (2011)
- Revenue: $383.221 billion (2010)
- Employees: 83,600
- Average Daily Natural Gas Production: 3.9 billion cubic feet.
- Worldwide Reserves: 8.9 billion barrels of oil, 78.8 trillion cubic feet of natural gas.
#2. Chesapeake Energy
Chesapeake Energy, an independent energy firm, controls about 45,000 wells in the US, around 85% of which produce natural gas. Also, Chesapeake, which has invested substantially in shale gas, has recently begun to promote LNG as an automobile fuel.
- Market Cap: $21.78 billion (2011)
- Revenue: $9.4 billion (2010)
- Employees: 10,021
- Average Daily Natural Gas Production: 2.6 billion cubic feet.
- Worldwide Reserves: 14.3 trillion cubic feet of gas equivalent
An independent oil and gas company with properties in South America, Africa, Asia, and New Zealand, Anadarko was founded in 1959 as a result of the discovery of significant natural gas reserves in the Anadarko in Oklahoma.
- Market Cap: $35.83 billion (2011)
- Revenue: $10.984 billion (2010)
- Employees: 4,400
- Average Daily Natural Gas Production: 2.4 billion cubic feet.
- Worldwide Reserves: 749 million barrels of oil and condensate, 8.1 trillion cubic feet of gas
#4. Devon Energy
With its headquarters in Oklahoma City, Devon is a key player in processed natural gas liquids in the US, and the vast majority of its reserves come from the Texas Barnett Shale regions.
- Market Cap: $28.16 billion(2011)
- Revenue: $9.9 billion (2010)
- Employees: 5,000+
- Average Daily Natural Gas Production: 2 billion cubic feet.
- Worldwide Reserves: 681 million barrels of oil, 10.3 trillion cubic feet of gas
The second-largest energy firm and the fourth-largest corporation in the world, more than 40% of its holdings are in the US, and 40% of its reserves are natural gas. After spending more than $41 billion on the Macondo disaster, the business reported a $3.3 billion loss the previous year.
- Market Cap: $119.29 billion(2011)
- Revenue: $308.9 billion (2010)
- Employees: 79,700
- Average Daily Natural Gas Production: 1.9 billion cubic feet.
- Worldwide Reserves: 10.7 billion barrels of oil, 42.7 trillion cubic feet of gas.
One of the biggest independent natural gas companies in the world, Encana primarily operates in western North America and its home country of Canada. The business has concentrated almost entirely on gas.
- Market Cap: $18.82 billion (2011)
- Revenue: $6.732 billion (2010)
- Employees: 3,800
- Average Daily Natural Gas Production: 1.8 billion cubic feet.
- Worldwide Reserves, 2010: 13.8 trillion cubic feet of gas
ConocoPhillips is the fifth largest private sector energy firm in the world and has operations on six continents. Conoco is funding shale gas exploration in Poland as it divests from two businesses, one upstream and one downstream.
- Market Cap: $93.32 billion (2011)
- Revenue: $198.655 billion (2010)
- Employees: 29,700
- Average Daily Natural Gas Production: 1.6 billion cubic feet.
- Worldwide Reserves: 3.4 billion barrels of oil and natural gas liquids, 21.7 trillion cubic feet of gas
#8. Southwest Energy Co
Southwestern is an exploration and development firm with headquarters in Houston that only focuses on natural gas. The Fayetteville Shale formation, which sits beneath sections of Arkansas, is where the vast majority of the company’s reserves are found.
- Market Cap: $13.18 billion (2011)
- Revenue: $2.6 billion (2010)
- Employees: 1000-5000
- Average Daily Natural Gas Production: 1.3 billion cubic feet.
- Worldwide Reserves: 1 million barrels of oil, 4.9 trillion cubic feet of gas.
#9. Chevron Corporation
Chevron Corporation, headquartered in California, has been listed in the Fortune 500 as one of America’s five largest companies for the past five years. In 2011, it was the 16th largest public company in the world. More than 60% of the company’s global oil reserves are located elsewhere, and its primary gas output comes from other countries. The corporation is active in all three energy business streams.
- Market Cap: $198.05 billion (2011)
- Revenue: $204.928 billion (2010)
- Employees: 62,000
- Average Daily Natural Gas Production: 1.3 billion cubic feet.
- Worldwide Reserves: 6.5 billion barrels of oil and other liquids, 24.3 trillion cubic feet of gas
#10. The Williams Companies
Williams’ primary business is the exploration, production, processing, and transportation of natural gas, and it is based in Tulsa, Oklahoma. Williams has assets in many of the major shale basins across the US, including Pennsylvania, North Dakota, and Texas, with 13,900 miles of pipelines.
- Market Cap: $15.89 billion (2011)
- Revenue: $12.352 billion (2010)
- Employees: 3,913
- Average Daily Natural Gas Production: 1.2 billion cubic feet.
- Worldwide Reserves: 4.3 trillion cubic feet equivalent
Georgia Natural Gas Companies
To locate the best natural gas plans for your house or company in Georgia, check out our list of gas companies in the state.
#1. Gas South
Gas South is the largest natural gas company in Georgia and the largest retailer of gas in the Southeast. More than 425,000 clients are served by the business in 14 states, including Georgia. For a $25 bill credit, shop their Georgia natural gas pricing online with the promotional code NGP.
#2. Constellation Energy
One of the biggest natural gas companies in Georgia is Constellation Energy. They provide inexpensive fixed-rate natural gas programs as well as top-notch client care.
#3. XOOM Energy
XOOM Energy provides programs and goods through its family of businesses that are not offered by your neighborhood gas provider. Customers can compare natural gas plans in this way and pick the best one. XOOM Energy is one of the biggest energy retailers in North America, providing service to customers in more markets than any other energy provider.
Liquefied Natural Gas Companies
According to market capitalization, these are the leading liquefied natural gas shipping companies:
ExxonMobil has more than 40 years of expertise in the industry and has a comprehensive awareness of the crucial role LNG plays in determining future fuel supplies. Also, ExxonMobil is extending its portfolio of liquefied natural gas operations to satisfy rising global demand, solidifying its position as a global leader. These initiatives include ones in Mozambique and Papua New Guinea, whose output volume reached 9 million metric tons in 2018.
At the 18th International LNG Conference and Exhibition, Chevron CEO John Watson stated that “experts predict that global LNG demand will grow by nearly 130 percent by 2035.” One of the most significant energy projects now under construction in Africa, Chevron’s Angola LNG Project, can be compared to this statistic. Chevron ALNG, which produces an average of 23,000 barrels of LNG per day in 2018, has a significant impact on the rising LNG demand thanks to its processing capacity of 1.1 billion cubic feet of gas per day.
ConocoPhillips, a fervent supporter of LNG and a pioneer in its production created the well-known “Optimized Cascade” technique in 1969. This technique uses exclusive technology for waste filtration/disposal and gas liquefaction, and it was developed at the Kenai LNG project in Alaska. The procedure is presently licensed for 25 LNG lines and is acknowledged in the industry. Australia Pacific LNG, Darwin LNG, and Qatargas 3 in Qatar, which started operating in 2010 and has a predicted service life of 25 years, are among the LNG projects currently being worked on by ConocoPhillips.
Based on long-term procurement agreements, Eni has a global LNG portfolio that consists of liquefaction and regasification facilities. The company sold the first LNG produced at its Jangkrik, Indonesia, project in 2017, looking to build foreign projects while keeping its focus on Europe. Before that, in 2016, Eni and BP collaborated to market LNG produced by Coral.
Equinor now exports LNG to more than 20 nations worldwide after realizing the possibilities of an expanding market. With four LNG ships and ports in Hammerfest and Bilbao, Equinor, which predominantly produces from the Snevit field in the Barents Sea, is a major player in the market. Equinor is steadfastly devoted to sustainability and aims to reduce CO2 emissions in its offshore and onshore operations to almost zero by 2030.
What is the biggest gas company?
The largest integrated oil and gas firm in the world, Saudi Aramco, does not have a stock exchange in the United States.
- Saudi Arabian Oil Co.
- China Petroleum & Chemical Corp.
- PetroChina Co. Ltd.
- Exxon Mobil Corp.
- Shell PLC (SHEL)
- TotalEnergies SE (TTE)
- Chevron Corp.
Who is the largest natural gas company in the US?
Companies with the most natural gas:
- Southwestern Energy Company.
- Antero Resources.
- Exxon Mobil.
- Ascent Resources.
- Range Resources.
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