The biggest natural gas producer in the world is the USA with around 34 Tcf output in the year 2019, which is regarded as the highest volume ever per annum. During the last decade, the growth rate of the natural gas production of the USA was 4.4%. There has been a dramatic increase in natural gas production by the USA because of technical developments made in the extraction of natural gas. Such an increase in supply has resulted in replacing the traditional supply chain and has further led to reducing the cost of natural gas for customers. You might be wondering if this current pandemic has any impact on the natural gas sector or not. Well, the outbreak and spread of COVID-19 has compelled the majority of the gas and oil firms to either slow down or suspend their physical activities which have impacted both downstream as well as upstream production. Along with that, the drop in prices of natural gas has been intensified by the pandemic but still, the demand level for natural gas did not go down during Coronavirus. So, if you still have stocks from some of the biggest US-based gas companies, then you are the winner. Is this the appropriate time to make an investment in the biggest natural gas companies in the USA? Possibly yes. Therefore, we are going to list the biggest gas companies in the USA on the basis of a post shared by Insider Monkey.
In the list, Chesapeake Energy Corp. is in 10th place. Its headquarter is in Oklahoma City. This company is working as an independent petroleum firm that is pioneering in the exploration, acquisition, and extraction of natural gas, oil, and natural gas liquids from various underground resources and reservoirs. This company is operating in Wyoming, Texas, Pennsylvania, Oklahoma, Ohio, and Louisiana. The Market Cap of the company is $22.13 million with total revenues of $86 billion. At 9th place in the list of largest gas companies in the US is Devon Energy Corp. Its headquarter is located in Oklahoma City. The company is also engaged in the development, exploration, and production of natural gas, oil, and other natural gas liquids. Around 3,955 gross wells are operated by the company. On a daily basis, Devon is generating 80,000 barrels of natural gas liquids and natural gas of around 575 million cubic feet. The Market Cap of the company is $6.16 billion with total revenues of $11.7 billion. If you want to check out other gas companies in the list, then go to 15 Largest Gas Companies In The US.
