Output tops 95 Bcf/d Nov. 24, highest since Dec 2019 Appalachia, Haynesville, Permian lead recent growth Winter forwards prices drift lower as supply lengthens US natural gas production surged to more than 95 Bcf/d Nov. 24, hitting a nearly two-year high that comes as domestic operators stage a prewinter push that has recently begun to cool the bullish sentiment in the forward gas market. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now The new high caps an almost eight-week drive by producers to lift output from stubbornly depressed levels in September, when production averaged just 90.1 Bcf/d following extensive damaged caused off- and onshore by the Category 4 Hurricane Ida. The recent surge comes almost entirely from a handful of onshore fields. In Appalachia, production climbed to a record-high 34.7 Bcf/d earlier this month after a few producers there adjusted fourth-quarter guidance […]

Posted in: USA