NatGas Production in Lower 48 Goes Up in August, Thx to Utica

ihs-markitAlthough there’s less new drilling for oil and gas (at least there’s less if you believe press reports), and although DUCs (drilled but uncompleted wells) are decreasing, overall production in the lower 48 states is actually increasing. IHS Markit says natgas production in August increased month over month for the second month in a row–something that hasn’t happened in a year. Markit says the main reason is an increase in production in the northeast–specifically an increase in production in the Utica Shale. However, there were also increases in other plays. Here’s the full update…

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