Tuesday, March 19, 2013

2012 U.S. Natural Gas Production +4.4% vs. 2011

The EIA reported (a few weeks ago...) that December 2012 U.S. total dry gas production was 2.041 Tcf, which was 0.5% higher than December 2011 and 20.4% higher than the ten year average.

Production per day in December averaged 65.8 Bcf/day, which was 21.3% higher than the ten year average of 54.7 Bcf/day.

Year-over-year changes in monthly production tapered off as 2012 progressed, which reflected both a stabilization in 2012 production and the impact of growing production in second half of 2011.

For the year 2012, total dry gas production was 24.019 Tcf, up 1.019 Tcf over 2011 (23.0 Tcf), an increase of 4.4%.  Production in 2012 was 4.264 Tcf, or 21.6%,  higher than the five year average (19.755 Tcf).  The chart below shows the continued growth of natural gas production over the past ten years, a trend that picked up significantly in 2010 with production from both the Haynesville and Marcellus Shales.

No comments: