Tuesday, April 9, 2013

January 2013 Production: -0.9% vs. January 2012

The EIA reported that natural gas production in January 2013, as measured by total dry gas production, was  2.022 Tcf, a decrease of 0.9%, or 19 Bcf, compared to January 2012.  On a month-to-month basis, January 2013 production was 0.9% below December 2012 production (which actually was identical to Jan. 2012 production).  While down year-over-year, January 2013 production was 18.8%, or 320 Bcf, higher than the trailing ten year YTD average.

The question that only time can answer:  has gas production peaked for now?  Clearly, with the addition of capital and rigs production can increase again, but have we reached the point of a self-induced pause?

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