Steady growth in US natural gas production seen earlier this year appears to have lost momentum this summer in a potentially bullish trend that comes as Henry Hub gas prices edge back toward $8/MMBtu. In July, domestic production has trended at just under 94.7 Bcf/d, roughly flat to its prior-month average, data from S&P Global Commodity Insights shows. In March, April and May, US output grew by leaps and bounds climbing more than 3 Bcf/d, or almost 3.5% to hit annual highs at over 95 Bcf/d. Along with a buildup in drilling activity, the production gains fueled speculation among some market observers this spring that US production growth would continue at a steady pace through summer. There has been good cause to believe that would be the case. Since January, the US oil and gas industry has returned nearly 150 drilling rigs to the field in a steady build […]