Analysis
Energy M&A Update: Q4 2024
At the end of Q4 2024, US crude oil production rose to 13.5 million barrels per day, up 0.2 million barrels per day from Q3 2024.
Energy and resources trends
- Oil and gas
In the US Energy Information Administration’s December 2024 short-term energy outlook, US natural gas prices closed at $2.45/MMBtu in Q4 2024, an increase of $0.31 from the previous quarter.1
- Renewable energy
The Federal Energy Regulatory Commission (FERC) announced that renewables accounted for 90.5% of new generating capacity in the United States through October 2024.2
- Power and utilities
Net electricity generation in the United States increased 2.2% in October 2024, compared to October 2023.3
- Nuclear energy
In December 2024, the Biden administration announced a program allowing six companies to procure low enriched uranium to expand nuclear capacity.4
This newsletter is a periodic compilation of certain capital markets information.
References
1 US Energy Information Administration (EIA), “Short-term energy outlook,” as of December 2024.
2 Kelsey Misbrener, “Renewables produced 24% of US’s energy in first 10 months of 2024,” Solar Power World, December 27, 2024.
3 EIA, “Electricity monthly update,” as of December 2024.
4 US Department of Energy, Office of Nuclear Energy, “Biden-Harris administration announces contracts to buy U.S.-sourced low enriched uranium,” press release, December 10, 2024.
Previous editions
- Energy M&A update Q3 2024
- Energy M&A update Q2 2024
- Energy M&A update Q1 2024
- Energy M&A update Q4 2023
- Energy M&A update Q3 2023
- Energy M&A update Q2 2023
- Energy M&A update Q1 2023
- Energy M&A update: Q4 2022
- Energy M&A update: Q3 2022
- Energy M&A update: Q2 2022
- Energy M&A update: Q4 2021
- Energy M&A update: Q3 2021
- Energy M&A update: Q2 2021
- Energy M&A update: Q1 2021
- Energy M&A update: Q4 2020
- Energy M&A update: Q2 2020
- Energy M&A update: Q1 2020
- Energy M&A update: Q4 2019
- Energy M&A update: Q2 2019
- Energy M&A update: Q1 2019
- Energy M&A update: Q4 2018
- Energy M&A update: Q3 2018
- Energy M&A update: Q2 2018
- Energy M&A update: Q1 2018
- Energy M&A update: Q4 2017
- Energy M&A update: Q3 2017
- Energy M&A update: Q2 2017
- Energy M&A update: Q1 2017