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Oil, Gas, And Fracking News Reads: 20December 2020

The natural gas storage report from the EIA for the week ending December 11th indicated that the quantity of natural gas held in underground storage in the US had decreased by 122 billion cubic feet to 3,726 billion cubic feet by the end of the week, which left our gas supplies 284 billion cubic feet, or still 8.3% higher than the 3,442 billion cubic feet that were in storage on December 11th of last year, and 243 billion cubic feet, or 7.0% above the five-year average of 3,483 billion cubic feet of natural gas that have been in storage as of the 11th of December in recent years..the 122 billion cubic feet that were drawn out of US natural gas storage this week was less than the average forecast from an S&P Global Platts survey of analysts who had expected a 127 billion cubic foot withdrawal, but was higher than the average withdrawal of 105 billion cubic feet of natural gas that have typically been pulled out of natural gas storage during the same week over the past 5 years, and the

Seven Major U S Regions to Extend Natural Gas Production Downtrend into 2021, EIA Says

Seven Major U.S. Regions to Extend Natural Gas Production Downtrend into 2021, EIA Says Extending a downtrend that began early in 2020, natural gas production from seven major U.S. producing regions is set to continue declining in the first month of 2021, according to updated projections from the Energy Information Administration (EIA). Gas production from the Anadarko, Appalachian and Permian basins, as well as from the Bakken, Eagle Ford, Haynesville and Niobrara formations, is on track to decline 744 MMcf/d month/month (m/m) in January, to 80.777 Bcf/d, EIA said in its latest Drilling Productivity Report (DPR), published Monday. Among the major plays tracked in the DPR, only the Haynesville is expected to grow output from December to January, with production to rise 10 MMcf/d m/m to just over 11.3 Bcf/d. 

Natural Gas Production Declines from Seven Major U S Regions to Continue into 2021, EIA Says

Natural Gas Production Declines from Seven Major U.S. Regions to Continue into 2021, EIA Says The downtrend in natural gas production from seven major U.S. producing regions that has persisted for much of 2020 will extend into 2021, according to updated projections from the Energy Information Administration (EIA). Gas production from the Anadarko, Appalachian and Permian basins, as well as from the Bakken, Eagle Ford, Haynesville and Niobrara formations, is set to decline 744 MMcf/d month/month (m/m) in January, to 80.777 Bcf/d, EIA said in its latest Drilling Productivity Report (DPR), published Monday. Among the major plays tracked in the DPR, only the Haynesville is expected to grow output from December to January, with production to rise 10 MMcf/d m/m to just over 11.3 Bcf/d. 

DPR: Most Shale Plays, Incl M-U, Continue Big Drop in Production

DPR: Most Shale Plays, Incl M-U, Continue Big Drop in Production
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