Friday, July 11, 2014
Bentek Energy, an oil and gas forecasting and analysis subsidiary of Platts, recently announced natural gas production in June reached 68.1 billion cubic feet per day (Bcf/d) in the continental U.S., which was up 0.3 percent from May.
However, last month saw the largest-producing day of natural gas in U.S. history, and Bentek forecasts July's highest daily production could break June's record next month. In comparison to June 2013, the 2014 June daily average was 5.4 percent higher or 3.5 Bcf/d more than last year.
"While the pace of production gains slowed slightly this month, the magnitude of the overall increase in domestic natural gas production is remarkable," said Jack Weixel, the director of energy analysis at Bentek.
The oil and gas analyst also predicted the production rates in natural gas would continue to rise because of the success in U.S. basins such as the Eagle Ford and Permian in Texas and the Bakken in North Dakota, which are liquids-rich regions.
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