Bentek: August NatGas Production Nearly as High as July Record

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Even though active drilling rigs have been decreasing, dramatically, for months, natural gas production is holding steady. Which is an amazing feat. Platts’ analytics firm Bentek Energy is reporting natural gas production in the lower 48 United States averaged 72.1 billion cubic feet per day (Bcf/d) in August, which is nearly flat, compared to the July average (down less than 1%). Bentek previously reported that July natgas production was a new record high (see Bentek: U.S. Hits Record High for Natgas Production in July). August production was just a shade lower. Bentek is predicting a new average high for natgas production in 2015. Why the continued strong production numbers given rigs laying down left and right? One word: Northeast…

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