Thanks to higher natural gas prices, U.S. oil producers are generating a larger share of their revenues from natural gas. The share of natural gas in revenues jumped to 14 percent in the first quarter of 2021—the highest since at least 2018, the Energy Information Administration (EIA) says . Excluding the integrated majors, a total of 54 listed producers primarily engaged in crude oil production have seen their revenues from natural gas at a double-digit share of total revenues so far this year, as benchmark U.S. natural gas prices jumped during the Texas Freeze and rallied at the end of the summer on the back of record U.S. liquefied natural gas (LNG) exports and flattish overall gas production in America. As per EIA estimates, the share of natural gas in the revenues of the 54 U.S. oil producers stood at 10 percent in the second quarter of 2021. Considering […]