Velocityshares 3X Long Natural Gas ETN (UGAZ)

[C C]

EIA reporting is below 2 Texas reporting agencies

Deans estimates as well as Texas Natural Gas in below articles have higher numbers
if this is true than we could be above 4k right now from under reporting

Dean has provided his monthly update for Texas Oil and Natural Gas. The most recent month’s estimate is often volatile and may be ignored, the June and May estimates are likely pretty good (within 1 percent and 2 percent), the April 2016 estimate is likely to be robust (within 1 percent of the final value). The June EIA estimate is 240 kb/d lower than Dean’s estimate (about 7 percent too low). The numbers above the lines are for Dean’s estimate and the numbers below the lines are the EIA estimates for each month.
for the month of July EIA is 284 below Deans estimates





http://oilprice.com/Energy/Crude-Oil/Is-The-EIA-Wrong-On-Texas-Oil-Production.html
-------------------------------------------------------------------------XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX--------------------------------------------------------------

Appears EIA reports are low and not accurate in Texas
they have been close for 2015
lower 2016 EIA reporting is corrected with much higher numbers
in April EIA under reported by 1,219 MMCF/D (gross output0
if this is true than we could be above 4k right now from under reporting
as I have been saying for some time....

EIA reporting appears to be in question....why such gross differance

The chart above is an estimate of Texas Natural Gas output in millions of cubic feet per day. The last 3 data points might be relatively volatile for the corrected estimate but the April 2016 “corrected” estimate is likely to be robust. In April 2016 the TX natural gas output was 23,916 million cubic feet per day, the EIA estimate for that month is 22,697 MMCF/D (gross output).


http://oilprice.com/Energy/Crude-Oil/Is-The-EIA-Wrong-On-Texas-Oil-Production.html

cc