U.S. gas production shows tentative signs of upturn: Kemp

2 Nov 2016   Shale Gas

U.S. natural gas production may be stabilising or even starting to rise as the boost to oil and gas prices in recent months stimulates an increase in new drilling. Marketed dry gas production amounted to 2,239 billion cubic feet in August, down from 2,302 bcf in August 2015, according to the U.S. Energy Information Administration ( tmsnrt.rs/2e9e05u ). Gas production has been down year on year by an increasingly large percentage since March as the effect of low prices and a reduction in drilling filters through. Output in July was down by more than 4 percent compared with the same month a year earlier, according to EIA survey data. But production bucked the trend in August and was down by just 2.7 percent from a year earlier ( tmsnrt.rs/2e9k1z2 ). Extrapolating a trend from a single month’s data is risky especially when the series has a high level of […]

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