Headlines about declining rig counts create the false impression that natural gas production is declining. Not so.
After the first 6 months of 2013, US natural gas production is on pace to set yet another annual record.
With prices consistently below $4 per thousand cubic feet for now more than 2 years, the continued record volumes of gas production is surprising. Time will tell whether the combination of record volumes and sub $4 natural gas is the new normal.