East Daley Analytics has revised up our gas supply forecast for the Northeast as developers continue to announce new data centers that will lift local demand. In our latest Northeast Supply & Demand report, we forecast Marcellus and Utica production will grow from an average of 37.2 Bcf/d in 2026 to almost 43.3 Bcf/d through 2030, a nearly 6.1 Bcf/d increase over four years.
The monthly update represents an ~1.0 Bcf/d uplift from the June forecast. East Daley is currently tracking over 110 data center projects in the Northeast that could add as much as 67 GW of electric capacity through 2030 (see figure below from the ‘Data Centers’ dashboard in Energy Data Studio). If all these projects were to come online and be powered by gas-fired generation, they would add an estimated 10.7 Bcf/d of demand.
However, our risk assessment estimates only about 2.2 Bcf/d from data centers likely to come online in the Northeast. In addition, the region should see growth in electrification, industrialization and generation due to coal retirements that will add ~2 Bcf/d of demand growth.
Our outlook is in contrast to the regional demand forecast from EQT. On its recent 2Q26 earnings call, the leading Appalachian producer predicted 6-7 Bcf/d of in-basin demand growth by 2030. Meanwhile, Range Resources (RRC) cited a high case that includes ~4 Bcf/d of risked data center demand by 2030, plus 0.3-1.8 Bcf/d of regional growth from coal plant retirements.
The two producers combined for nearly 9.3 Bcfe/d of production in the second quarter, with EQT accounting for nearly 7 Bcfe/d of the total. EQT lifted its guidance by 90 Bcfe for 2026, equating to ~6.6 Bcfe/d of production as it sees strong performance from its wells.
Range meanwhile is guiding to around 2.4 Bcfe/d of production for 2026, with a 4Q26 exit rate of ~2.5 Bcfe/d. RRC expects to continue growing into 2027 and guided to around 2.6 Bcfe/d on average for the year. While EQT didn’t provide an estimate for 2027 production, the company said it is considering beginning mid-single-digit growth “at some point between now and the end of the decade.” – Ian Heming Tickers: EQT, RRC.
Demand is Coming. Where Will the Supply Come from — and Who’s Going to Deliver?
The largest growth cycle in US energy demand is on deck, and the infrastructure required to meet it could reshape US energy markets over the next decade.
LNG infrastructure in the Lower 48 and Mexico could grow by 45 Bcf/d by 2035, while gas-fired power generation serving data centers could add another 7.6 Bcf/d of natural gas demand. More than 32 Bcf/d of major pipeline expansions and newbuild projects have already been proposed to connect growing supply with LNG, power, residential and commercial demand.
And natural gas is only part of the story.
- Midstream consolidation is accelerating as operators position themselves from wellhead to water, including Williams’ move to acquire Momentum.
- Nearly 1,200 Mb/d of Y-grade and purity product expansions are proposed out of the Permian alone, while Mont Belvieu could face more than 1,000 Mb/d of fractionation constraints by 2032.
- A possible ATEX conversion project from liquids to gas could unleash more Northeast supply and reshape NGL flows in the region.
- Permian crude oil takeaway is already running tight, with routes to Corpus Christi at 99% utilization and Cushing/Houston routes at 92%. With only about 75 Mb/d of expansions on the books, takeaway capacity could become a constraint on future Permian growth.
- Roughly $32B per year of infrastructure has been sanctioned and underwritten by long-term contracts through 2031 — representing more than $191B of committed capital over the next five years.
Where are the biggest infrastructure gaps? Which projects get built? And which companies are positioned to capture the opportunity?
Join East Daley Analytics on August 26 at 10:00 AM MT as we connect the dots across natural gas, NGLs, crude oil and capital investment to map the infrastructure buildout ahead. Click here to register now and reserve your spot.
One Market, One Model: Gain a Holistic View of North America Supply & Demand
East Daley Analytics is pleased to announce the Canada Supply & Demand report. The Canada S&D completes our North American model, providing a fully integrated supply and demand forecast for crude oil and natural gas. East Daley follows molecules from Canadian production through US infrastructure to end-markets. Clients now have a continental view to anticipate trends, from how Canadian gas is reshaping Midwest markets, to how crude imports flow to Gulf Coast refiners. The Canada S&D report and dataset is available exclusively in Energy Data Studio. Reach out to learn more about East Daley’s North American energy model.
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