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US natural gas output rose 0.3% in June

Hydrocarbon Engineering,


According to the latest estimates from Bentek Energy, US natural gas production rose to 68.1 billion ft3/d in June. This figure is up 0.3% from May and is the highest monthly production average on record, exceeding the previous monthly high set in May by approximately 0.2 billion ft3/d.

Production set a one day record high of 68.7 billion ft3/d on 27 June, which Bentek expects will be broken in July. Average June natural gas production was 3.5 billion ft3/d, 5.4% higher than levels seen in June 2013.

Bentek data suggests that 2014 production will average approximately 67.5 billion ft3/d due to a higher overall price environment for producers and continued growth in the Eagle Ford, Bakken, Permian and Greater Anadarko basins, in addition to increased dry production in the Marcellus.

Jack Weixel, Bentek director of energy analysis, commented: “While the pace of production gains slowed slightly this month, the magnitude of the overall increase in domestic natural gas production is remarkable. To think that just five years ago in 2009, the US was averaging only 55.1 billion ft3/d of production, really puts the recent run of 68 billion ft3 days in perspective. As we enter the summer’s peak energy demand period, both wholesale and retail consumers of natural gas should feel more at ease about process with this amount of supply in hand”.


Adapted from a press release by Emma McAleavey.

Read the article online at: https://www.hydrocarbonengineering.com/gas-processing/08072014/us_natural_gas_output_870/


 

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