BP, a big energy company, is increasing its natural gas production in the U.S.! Gas prices have gone way up, so BP is making more gas to sell. This is a big change for them, because they were focusing more on renewable energy before.
- BP is producing more natural gas because prices are high.
- They're focusing on areas like the Haynesville basin in Texas.
- They plan to produce more oil and gas in the future.
| Fact | Number |
|---|---|
| Current U.S. natural gas price (per million BTUs) | $4.4 |
| BP's daily natural gas production (last year) | 264,000 barrels of oil equivalent |
| BP's target oil and gas production in 2030 | 2.3-2.5 million barrels of oil equivalent per day |
| BP's Gulf of Mexico oil and gas reserves (Paleogene) | 10 billion barrels |
