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Message: Natural Gas Comes Back

Natural Gas Comes Back

posted on Oct 08, 2009 11:27AM

http://www.nationalpost.com/related/topics/story.html?id=2078174

The implication is that new supply additions have been weakened substantially, as indicated by production statistics. The U.S. Department of Energy reported that July U.S. domestic dry gas production fell below 2008 levels for the first time in 2009. July production was estimated at 57.25 billion cubic feet per day (Bcf/d), down 0.65 Bcf/d from June's 57.9 Bcf/d, and 1.25 Bcf/d below the peak production levels in February. Natural gas production in Canada is falling even faster, with a rig count that is the lowest September level since 1998.



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