Output hits 33.3 Bcf/d Jan. 14, down 4% from record Eastern Gas South basis up 34 cents, January to date 2022 forward basis prices trade at discounts to cash A precipitous drop in Appalachian Basin gas production this month has boosted cash basis at the region’s upstream hubs recently.

With weaker forward basis currently priced in for February, though, traders appear to be anticipating renewed supply pressure by as early as February. Receive daily email alerts, subscriber notes & personalize your experience. Register Now After reaching a record-high 34.8 Bcf/d in late December, Appalachian production has since tumbled, falling to a new-year low at an estimated 33.3 Bcf/d on Jan. 14, S&P Global Platts Analytics data shows. Declines in gas production at the turn of the calendar year are not uncommon in Appalachia or other North American shale basins, according to Platts Analytics. The timeline for new-year rebounds […]