Natural Gas Weekly Update Report – January 18, 2018
EIA estimates that December 2017 U.S. natural gas production set a new record
EIA’s Short-Term Energy Outlook (STEO), released January 9, 2018, estimates that U.S. dry natural gas production averaged a record-high 78.1 billion cubic feet per day (Bcf/d) during December 2017, topping the previous estimated record set the month before when dry U.S. production averaged 77.3 Bcf/d. STEO forecasts that dry U.S. natural gas production will average 73.6 Bcf/d in 2017, or 0.7 Bcf/d (1%) higher than 2016 average production of 72.9 Bcf/d. STEO’s forecast 2017 production is still lower than the record annual average U.S. natural gas production of 74.2 Bcf/d in 2015.
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