Velocityshares 3X Inverse Natural Gas Etn (DGAZ)

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U.S. shale output seen posting 11th straight rise in November: EIA

U.S. natural gas production was projected to increase to a record 60.9 billion cubic feet per day (bcfd) in November. That would be up over 0.8 bcfd from the October forecast and would be the eighth monthly increase in a row.
The EIA projected gas output would increase in all of the big shale basins in November, with the biggest increase in the Appalachia region, which includes the Marcellus and Utica shale formations.
Output in the Appalachia region, the biggest shale gas play, was set to rise by 0.4 bcfd to a record high of 25.7 bcfd in November, an eighth consecutive increase. Production in Appalachia was 22.5 bcfd in the same month a year ago.
EIA also said producers drilled 1,208 wells and completed 1,029 in the biggest shale basins in September, leaving total drilled but uncompleted wells up 179 at a record high 7,270, according to data going back to December 2013




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