Thursday, November 07, 2013
Bentek Energy's Supply & Demand Daily report shows U.S. dry natural gas production hit an all-time high of 67.1 billion cubic feet per day (Bcf/d) Wednesday. Highlights from the report are pasted below for your convenience. If you use its content, please give attribution to Bentek Energy, the natural gas and oil analytics unit of Platts. To learn more about the report, contact Bentek analyst Logan Reese.
- According to Bentek’s Supply & Demand Daily report, U.S. dry natural gas production hit an all-time high of 67.1 billion cubic feet per day (Bcf/d) Wednesday. However, production has currently dropped 0.4 Bcf/d to 66.8 Bcf/d on Thursday. The previous high of 66.9 Bcf/d was set earlier this month.
- The U.S. dry natural gas production increase is due in part to seven expansion projects coming online November 1. Of the seven projects, four contributed to increased takeaway capacity out of the Appalachian Basin, adding more than 1 Bcf/d of Marcellus shale natural gas production. Significantly increased upstream receipts on Tennessee Gas Pipeline in Pennsylvania’s Bradford and Susquehanna counties provide most of the flows to TETCO’s New Jersey-New York expansion project, which is delivering nearly 800 million cubic feet per day (MMcf/d) of capacity to New Jersey and New York markets. The fully subscribed Tennessee Gas Pipeline Northeast Upgrade and the Transco Northeast Supply Link projects work in conjunction to support the TETCO New Jersey-New York expansion.
- Southeast offshore natural gas production has grown 0.47 Bcf/d today versus the October production average in the region as effects from both Tropical Storm Karen and October maintenance events have tapered.
-This week, U.S. natural gas demand continues to climb, driven by increases in residential and commercial demand and colder temperatures in the northern U.S., particularly in the Northeast. Demand is 70 Bcf/d today, up 5.3 Bcf/d from Wednesday, and up 10.8 MMcf/d from November 1.
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