Wednesday 23 March 2016

US gas production set a record high in February

US gas production set a record high in February

Natural gas production of 48 US states averaged 73.3 billion cubic feet per day (Bcf/d) in February.

That’s the highest production on record since 2005 , according to figures released by Platts Bentek.

Production last month was almost 1.4Bcf/d more compared to January, it added.

Gas generation in the north east was nearly 23.1Bcf/d in February, an average of 22.7Bcf/d for the month.

That was about 0.8Bcf/d higher than the January average and about 1.5Bcf/d more than the December 2015 average.

Sami Yahya, Platts Bentek energy analyst said: “The natural gas production record achieved in February is largely attributed to the Northeast, which also is still helping offset the declines seen in other major US basins. A combination of adequate demand and lack of freeze-offs helped producers push their production volumes to new highs. Typically the month of February is impacted considerably every year with a bout of freeze-offs but this year the cold temperatures did not linger long enough to cause meaningful impact."

According to the EIA, gas generation will surpass coal in the US energy mix this year.

Written by

Bruna Pinhoni

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