NatGas Production in Lower 48 Slips in November by Less than 1%

Earlier this week Platts’ Bentek service issued their prediction for natural gas production in the lower 48 states for November. Platts says that total gas production averaged 71.3 billion cubic feet per day (Bcf/d) in November, which is down less than 1% from production levels in October. The slightly lower production seemed to have surprised Bentek analysts who blame lack of pipeline takeaway capacity in the northeast for the down number. In fact, Bentek says that it is the northeast that is the star performer when it comes to production and whether production goes up or down, it will be because of the northeast. Here’s more of their expert analysis…

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