U.S. and Marcellus/Utica NatGas Production Hit Fresh 19-Mo. Highs

S&P Global Platts and their crack analytics unit say U.S. natural gas production continues to "surge" this month, hitting fresh 19-month highs. The surge is propelled by gains in output across Appalachia, the Haynesville Shale, and the Permian Basin. The Marcellus/Utica (i.e. Appalachia) hit a brand new record record-high of 34.7 Bcf/d (billion cubic feet per day) earlier this month. Awesome! Around the same time the M-U's chief competitor (for investment dollars), the Louisiana/Texas Haynesville, also hit an all-time record high of 14.1 Bcf/d. The Permian came close to its all-time record of 14.0 Bcf/d, set back in June.

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