Natural gas production in Texas collapsed by 45 percent during the cold snap last week, primarily due to freeze-offs, the Energy Information Administration (EIA) said on Thursday, citing estimates from IHS Markit. Natural gas production in Texas dropped to a daily low of 11.8 billion cubic feet per day (Bcf/d) on February 17, down by nearly 45 percent compared to 21.3 Bcf/d during the week ending February 13, the estimates showed. Total U.S. dry natural gas production during the Freeze in Texas and much of the central part of the United States declined by 21 percent, to as low as 69.7 Bcf/d on February 17. The temperatures in Texas averaged nearly 30 degrees Fahrenheit lower than normal during the week of February 14, which led to freeze-offs in the natural gas stream at the wellheads or gathering lines near production activities. The infrastructure in Texas is more susceptible to […]