By DAVID BIRD
NEW YORK -- Early data show June natural gas production in the
Lower 48 states appear to have set a record, government figures
released Friday show.
The figures from the Energy Information Administration show
estimated June gas output averaged 73.62 billion cubic
feet/day. That figure would top the November 2012 revised
figure of 73.54 bcf/day as the highest recorded by the EIA
since it began keeping such records in 2005.
Initial estimates of gas output usually are revised in
subsequent monthly reports. But the early data support a trend
of steady gains.
The EIA revised up its May gas output figure to 73.51
bcf/day from the initial estimate published a month earlier of
The initial June figure is equal to a 1.8% rise from the
revised June 2012 level of 72.29 bcf/day.
The current record output figure for the Lower 48 states,
based on revised data, of 73.54 bcf/day in November 2012, had
been revised down from an initial figure of 73.88 bcf/day.
The EIA said the largest output rise in June came from the
so-called other states area, or those outside the traditional
producing areas of Louisiana, New Mexico, Oklahoma, Texas and
Wyoming. Output from these states increased 2.0%, or 0.51
bcf/day, from the May level, to a record of 26.13 bcf/day. The
rise came as "operators reported new wells in the Marcellus
Shale," the EIA said.
The EIA said gas output in Wyoming rose 2.7%, or 0.15
bcf/day, from a month earlier, primarily because of new wells
and a gas plant coming back online. Wyoming's otuput rose for
the first time in two months, to 5.78 bcf/day, the highest
level since April.
Output in the Gulf of Mexico dropped 7%, or 0.26 bcf/day,
from May, to 3.43 bcf/day, the lowest monthly level on records
beginning in January 2005, "because of platform shut-ins for
scheduled maintenance and repairs," the EIA
Texas production decreased 0.9%, or 0.21 bcf/day, from May,
to 22.33 bcf/day, as a carbon dioxide plant was down for
the month, the EIA said.
Steady growth in gas output is cited by analysts as a key
factor in keeping inventories near five-year average levels and
helping keep a cap on price rallies.
Dow Jones Newswires