Bentek: U.S. Gas Output Climbs 1.5 Pct in March

Spurred on by the top three highest producing days in U.S. history, natural gas production in the lower 48 states averaged 66.6 billion cubic feet per day (Bcf/day) in March 2014, according to the latest estimates from Bentek Energy.

Production levels on March 29, 30 and 31 all came in at 67.6 Bcf/d, the single highest production days since November 9, 2013. March 28 production came in just 0.1 Bcf/d shy of these levels.

Average March 2014 gas production was up 1.0 Bcf/d or 1.5% from February 2014 and up 2.5 Bcf/d (4.0%) versus levels seen in March 2013.

The U.S. Energy Information Administration (EIA) will publish its domestic production estimates for March on or around May 31.

“The last week of March was remarkable from a supply perspective and is a reflection of U.S. producer’s resilience in the face of strong gas demand faced by the nation this year,” said Jack Weixel, Bentek Energy director of energy analysis. “Production in the Northeast basins like Marcellus and Utica are up 44% this March versus last March alone. It’s becoming increasingly clear the Northeast is the new center of the gas universe for North America.” For 2013 as a whole, U.S. natural gas production averaged 64.8 Bcf/d, up more than 1.2 Bcf/d higher or 1.9% higher than the 2012 average of 63.6 Bcf/d. Bentek data analysis suggests 2014 production will average approximately 68.0 Bcf/d due to a higher overall price environment for producers and continued growth in liquids-rich basins such as the Eagle Ford, Bakken, Permian and Greater Anadarko, in addition to continued increases in dry production in the Marcellus.

[mappress]

Press Release, April 02, 2014

 

Share this article

Follow LNG World News

Events>

<< Dec 2019 >>
MTWTFSS
25 26 27 28 29 30 1
2 3 4 5 6 7 8
9 10 11 12 13 14 15
16 17 18 19 20 21 22
23 24 25 26 27 28 29
30 31 1 2 3 4 5

The 6th CWC China LNG & Gas International Exhibition & Summit

Following on from LNG 2019 and five successful editions in Beijing, the established China LNG & Gas International Exhibition & Summit…

read more >

LNG Pricing, Trading & Hedging: 3-Day Training Course – Singapore / Jan 2019

This three-day training program provides a unique opportunity to learn and apply the practical skills, knowledge and tools needed to:…

read more >

American LNG Forum 2020

The American LNG Forum is your gateway to learning about the US LNG export industry,

read more >

2nd Global LNG Forum

Global LNG Forum is an exclusive networking and knowledge-sharing platform for top experts and business leaders in the industry.

read more >