Friday, February 22, 2013

November 2012 Gas Production: Another New Record

Normally I try to publish the monthly natural gas statistics as one post, but I'm three weeks behind and only have snippets of time.  As a result, I'm going to post them in bits and pieces...starting with production.

U.S. natural gas production (dry gas) in November 2012 was 2.001 Tcf.  This figure was 1.5% higher than November 2011 and 22.4% higher than the previous five year average.

Interestingly, the 1.5% year-over-year increase was the smallest increase this year.

But, while the production gains versus 2011 are narrowing, dry gas production in November 2012 averaged 66.7 Bcf per day in November 2012 which was 1.0% higher than October 2012 and the highest level recorded in the EIA data set going back to January 1974.

Bottom line:  production is still going up.

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