Natural Gas production should increase about twice as fast as our demand DEC 27, 2017
U.S. gas production has been at the 77-78 Bcf/d range, compared to 70-71 Bcf/d for the first half of the year We are now at the highest gas production level ever and highest oil production levels since 1971 (the latter critical to helping associated gas output in Texas) Don't forget that more demand begets more production, so the largest incremental demand market of exports will help increase production - with more pipelines and higher prices themselves helping to increase output as well Let by Appalachia producing 26.4 Bcf/d in January (here), rising production is clearly the lid on the gas market, and EIA here has us averaging a whopping 80 Bcf/d next year, compared to 73 Bcf/d this year - going forward, our production should increase about twice as fast as our demand