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The latest monthly U.S. Energy Information Administration (EIA) Drilling Productivity Report (DPR) for June issued yesterday (below) shows a slowdown in the growth of natural gas production for the seven shale plays covered in the report. That does not mean we will produce less gas from shale in the coming month; it means the growth rate of new (all-time high) supplies is slowing. At some point, we expect to see negative growth--i.e., shrinking production. It's coming. Of particular note in this report is that the Haynesville will add very little new production in the next month. Even bigger news: Haynesville production in June is down from May!
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