Bloomberg News

Lower-48-State Gas Output Rose 1.4% in October, EIA Says

December 30, 2011

(Updates with settlement prices in sixth paragraph.)

Dec. 29 (Bloomberg) -- U.S. natural gas production in the lower 48 states rose 1.4 percent in October because of increased offshore output, the Energy Department reported.

Output in the lower 48 states climbed to 71.28 billion cubic feet a day from a revised 70.32 billion in September, the department’s Energy Information Administration said today in the monthly EIA-914 report, released at noon in Washington.

Total U.S. production rose 1.3 percent to 80.1 billion cubic feet a day from a revised 79.05 billion.

Texas production increased 0.5 percent to 22.14 billion cubic feet a day from a revised 22.02 billion, the government said in the report. Production from Louisiana, which includes the Haynesville Shale, fell 0.7 percent to 8.8 billion, and Wyoming output gained 2.9 percent to 6.7 billion.

Output from the Gulf of Mexico gained 9 percent to 4.49 billion cubic feet a day as wells came back online after shutting for Tropical Storm Lee, the government said.

Natural gas for February delivery fell 9.4 cents, or 3 percent, to $3.027 per million British thermal units on the New York Mercantile Exchange, the lowest settlement since Sept. 11, 2009. Prices have declined 31 percent this year.

The EIA-914 report covers gas gross withdrawals, which include gas used for repressuring, quantities vented and flared, and non-hydrocarbon gas removed in treating or processing operations.

--Editors: Charlotte Porter, Richard Stubbe

To contact the reporter on this story: Asjylyn Loder in New York at aloder@bloomberg.net.

To contact the editor responsible for this story: Bill Banker at bbanker@bloomberg.net.


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