Wednesday, April 30, 2014

EIA Natural Gas Gross Production Report

The EIA released its Gross Production Report for FEB 2014 today, and it showed strong seasonality effects of winter curtailments with most onshore regions declining month-on-month.  The Gulf of Mexico was higher, as was Wyoming (slightly) and the 'Other States' category which is largely the Marcellus/Utica of Ohio, PA, and West Virginia.  All remaining states, including Texas and Louisiana, were down on the month.

Nevertheless, Gross withdrawals continued to show long term strength, outproducing last February by 2.59 BCFD.  It reached 75.38 BCFD in FEB, but fell short of the record output last November of 75.98 BCFD.

Natural Gas Gross Production Report