Bloomberg News

Lower-48 Natural Gas Output Rose 0.4% in October, EIA Says

January 07, 2013

Natural gas production in the lower- 48 states rose to a record in October as more of the fuel was pumped from shale formations, the Energy Department said.

Output increased 0.4 percent to 73.54 billion cubic feet a day from a revised 73.22 billion in September, the department’s Energy Information Administration said in the monthly EIA-914 report, released today in Washington.

Supplies from the “other states” category rose 1.8 percent to 23.94 billion cubic feet a day from a revised 23.51 billion in September. Production advanced “as operators reported new wells coming online in the Marcellus and Bakken shale plays” in the Northeast and North Dakota, the department said in the report.

Total U.S. output, including Alaska, climbed 2.5 percent to 82.93 billion cubic feet a day from a revised 80.93 billion in September. Gulf-of-Mexico production gained 9.5 percent to 4.03 billion cubic feet a day as wells returned to service after Hurricane Isaac.

Oklahoma output advanced 0.9 percent to 5.69 billion while production in New Mexico gained 2.8 percent to 3.68 billion.

Supplies from Texas, the biggest producing state, slid 1.3 percent to 22.31 billion cubic feet a day from a revised 22.61 billion.

Louisiana Supplies

Louisiana’s production fell 1.7 percent to 8.07 billion cubic feet a day from a revised 8.21 billion, while Wyoming’s fell 2.8 percent to 5.82 billion.

Natural gas futures for February delivery dropped 3.1 cents, or 0.9 percent, to $3.256 per million British thermal units at 12:34 p.m. on the New York Mercantile Exchange, up 6.3 percent from a year ago.

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.

To contact the reporter on this story: Christine Buurma in New York at cbuurma1@bloomberg.net;

To contact the editor responsible for this story: Dan Stets at dstets@bloomberg.net.


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