77 expansions and new processing projects scheduled to come online in 2013-2014 will add 14 Bcf/d processing capacity, allowing further natural gas production growth.
Despite a 72% drop in gas-directed drilling since its peak of 1,054 rigs in Sept. 2009, U.S. dry production will continue to grow through 2014. Natural Gas Production Outlook 2013-2014: Believe the Shale Boom reports that natural gas production will grow by 1.9 Bcf/d to an annual average 65.7 Bcf/d by the end of 2013 and an additional of 3.4 Bcf/d to an annual average of 69.1 Bcf/d by year-end 2014.
Natural Gas Production Outlook 2013-2014: Believe the Shale Boom Market Alert details the efficiency gains and other market conditions that are contributing to climbing natural gas production figures.
This Market Alert is based on data and analysis from Platts' Production Monitors, which provide timely and detailed coverage of natural gas plays in North America. To receive a free copy of this Market Alert, please click on the "more info" button to the right.