Each month the U.S. Energy Information Administration issues natural gas production figures–but it’s usually two months or more behind. The smart folks at Platts’ Bentek Energy subsidiary provide a much quicker (and accurate) estimate, typically beating the EIA’s estimate by at least a month. For example, Bentek recently issued their estimate of what natgas production for October was in the Lower 48 States. Bentek says October averaged 71.9 billion cubic feet per day (Bcf/d), a decline of more than 0.5 Bcf/d, or 1%, from September’s production numbers. The EIA won’t even issue September’s “official” production numbers until Nov. 30. Here’s a good preview of what October numbers will show by the time EIA gets around to disclosing them…
