U.S. dry natural gas production should rise to an all-time high of 82.67 billion cubic feet per day (bcfd) in 2018 from 74.77 bcfd in 2017, according to the Energy Information Administration’s Short Term Energy Outlook (STEO) on Wednesday. A natural gas flare on an oil well pad burns as the sun sets outside Watford City, North Dakota January 21, 2016. REUTERS/Andrew Cullen The latest October output projection for 2018 was up from the 80.96 bcfd forecast in September and would easily top the current annual record high of 74.15 bcfd produced on average in 2015. EIA also projected U.S. gas consumption would rise to an all-time high of 80.58 bcfd in 2018 from 74.27 bcfd in 2017. That 2018 demand projection in the October STEO report was up from the 79.81 bcfd forecast by the EIA for the year in its September report and would top […]