U.S. NatGas Output Hits 7-Week High of 94.6 Bcf/d – Rig Counts Up

Because of the cold weather in the northeast and in other parts of the country in the first part of February, natural gas production in the U.S. took a nosedive, declining to roughly 85.8 Bcf/d. With the warmer weather unthawing the freeze-offs that happened, a few days ago production soared over 94.6 Bcf/d--the highest it has been in seven weeks. According to S&P, with the coldest days of winter behind us, all the signs are in place for natgas production to continue growing over the coming weeks and months.

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