U.S. dry natural gas production averaged 73.6 billion cubic feet per day (Bcf/d) in 2017, up 1.0% from 2016, and reversing the 2016 production decline, the Energy Information Administration reports in its just-released Short-Term Energy Outlook (STEO).
“The strongest growth in dry natural gas production occurred late in the year, as improved economics related to expanded pipeline capacity contributed to a 3.8% increase in production between the third and fourth quarters of 2017,” STEO states.
The rate of production growth is expected to moderate in 2018, as EIA/STEO expects dry natural gas production to rise by 6.9 Bcf/d (9.3%) in 2018, and 2.6 Bcf/d (3.2%) in 2019.
If realized, the forecast 6.9 Bcf/d increase this year would be the highest on record. Growth is expected to be concentrated in Appalachia’s Marcellus and Utica Shale plays, along with the Permian Basin, Kallanish Energy learns.