Highlights Output hits 85.5 Bcf/d, down 9% from record high At 357, US rig count has fallen 57% from annual peak Permian, SCOOP/STACK, Bakken lead output decline New York — US natural gas production is hovering near a 16-month low in late May as historically weak commodity prices prompt many operators to slow drilling activity and curtail output at marginal wells. Receive daily email alerts, subscriber notes & personalize your experience. Register Now On May 20, US output tumbled to 85.5 Bcf/d, down more than 9% from its record high at 94.3 Bcf/d in November, modeled data from S&P Global Platts Analytics shows. The recent and precipitous drop in US production, which has fallen about 6.5 Bcf/d over the past five weeks, tracks similarly steep declines in crude prices and active oil-directed drilling rigs. In May, benchmark West Texas Intermediate crude prices have averaged just $26.77/b, keeping internal rates […]