Friday, October 4, 2013

Surprise Fact: US Natural Gas Production On Pace To Set Another Annual Record

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.

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