Oil & Gas Pro

US Natural Gas Production Appears to Have Plateau'd (3/30/12)

Recent information from the EIA shows US natural gas production declined ~ 0.4 Bcfd in February.  This is related to the shift in drilling rigs to "oilier" and has resulted in US production remaining virtually flat on average since November.
 
Louisiana production decreased ~ 0.4 Bcfd in February or 4.8%.  This is the third straight month production has dropped in Louisiana since the peak of 9.1 Bcfd in November.  Wyoming also experienced a decline of 3.5% while Other States increased 1.2%.

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Oil & Gas ProPermalink Reply by dbob on May 2, 2012 at 4:01

Best Mr. burns voice

 

"excelleennt"

Permalink Reply by Parkdota on May 2, 2012 at 13:24

Some people suggest that even with the switch to oil plays producers will still be producing natgas which might offset the drop in natgas rigs. However, there will still be a lag time before those wells come on line, beyond the fact that I would assume they won't be a strong from a strictly natgas production stand point, so it might lead to more natgas production declines than some believe. Also, if plays like the HA drop roughly 80% in 1st year production it stands to reason that this too will be a large decline in production. I wonder if there is any way to see exactly what percentage of natgas production comes from the HA? I'm assuming it is just a coincidence that the national production drop per EIA was the exact same as the Louisiana drop of 0.4 Bcfd.

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