In this article, we are going to list the 15 largest gas companies in the US. Click to skip ahead and jump to the 5 largest gas companies in the US.
Natural gas is fossil energy produced from decomposed organic matter, generally from ancient marine microorganisms that have been deposited over the last 550 million years. Natural gas is contained within the underground rock and is commonly extracted vertically from the Earth’s surface, courtesy of the 15 largest drilling companies in the world. The United States is the world’s largest producer of natural gas with an output was approximately 34 trillion cubic feet (Tcf) in 2019, the highest annual volume ever.
The use of natural gas has developed since the 19th century when we used it mainly for general lighting. Today, we use natural gas in our daily activities even several times a day! It’s when you turn on the air-condition or the heater to adjust comfortable room temperature. It’s when you cook your dinner on that four-burner stove or when you bake your favorite pastry. It’s when you heat water for that well-deserved bubble bath. Natural gas is also used in fueling vehicles, heating buildings, and powering industrial furnaces.
Natural gas is derived from onshore and offshore natural gas and oil wells and coal beds. And did you know that Texas is the top-natural gas-producing state in the US? Texas is the largest producer of both crude oil and natural gas in the United States. In 2019, the state accounted for 41% of the nation’s crude oil output and 25% of its marketed natural gas production. The state has more than one-tenth of the country’s total working gas storage capacity.
The United States used about 31 trillion cubic feet (Tcf) of natural gas in 2019. Over the past decade, U.S. natural gas production has grown at an average annual rate of 4.4% according to Forbes. The production of natural gas in the U.S. has increased dramatically due to technical developments in natural gas extraction. This increased supply has replaced the conventional supply chain and has resulted in lower prices for natural gas consumers.
You must be wondering if the natural gas sector has been affected by the pandemic recession. Well, the spread of this virus has caused many oil and gas companies to either suspend or slow down their physical operations, which have affected both upstream and downstream production. Also, the pandemic intensified the drop in global natural gas prices that started pre-COVID as new abundant supplies entered the market at the beginning of the year. Yet, U.S. demand for natural gas has never really gone through Covid-19. So if you’ve been holding stocks from the largest gas companies in the US, I want to congratulate you. In 2017, we made a list of the 11 best oil company stocks to buy now and you can review some of the biggest gas companies that are still included among the leading gas companies in the US over the years. The truth is that no energy source can compete with such low prices for gas for commodities, particularly since we have already developed a gigantic complex for the continuous use of more gas.
Could this be the best time to invest in the biggest natural gas companies in the US? Possibly. So we created a list of the largest gas companies in the US to include in your portfolio. We ranked each company by its revenue and market cap we sourced from Forbes. Now let’s take a closer look at the 15 largest gas companies in the US starting at number 15: