September US natural gas production up 7.4%, breaking record

Natural gas production in the US Lower 48 states averaged 69.1 billion cubic feet per day (Bcf/d) in September, breaking its previous monthly average high for the ninth consecutive month, according to Bentek Energy, an analytics and forecasting unit of Platts.

The September production rate was up 4.8 Bcf/d from the same month one year ago. On Sept. 15, production reached a one-day high of 69.5 Bcf/d, with early data for the month of October suggesting that the new record won’t stand for long.

Average September 2014 natural gas production was 0.2 Bcf/d or 0.3% higher than that of August 2014, which averaged 68.9 Bcf/d.

The US Energy Information Administration (EIA) will publish its domestic production estimates for September on or around Nov. 30. 

“After a month of lower trajectory growth, natural gas production is poised to shatter existing records through the end of the year,” said Jack Weixel, director of energy analysis for Bentek Energy. “Maintenance on several Northeast trunk lines was finished in early October and the region expects 2.2 Bcf/d of incremental pipeline capacity to be in service Nov. 1. This relieves existing constraints in the field and opens up connections to market areas, just as the weather turns colder.”   

The latest Bentek data analysis showed that 2014 production will average approximately 67.9 Bcf/d due to a higher overall price environment for producers and continued growth in liquids-rich basins such as the Eagle Ford, Bakken, Permian, and Greater Anadarko, in addition to continued increases in dry production in the Marcellus.

 

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