Monday, January 2, 2017

EIA Reports OCT Natural Gas Production

On Friday The Energy Information Administration issued its Natural Gas Monthly Report for October.  Dry production was down 1.18 BCFD from the previous month, to 70.69 BCFD.  That is 3.43 BCFD below the same month in 2015.  

Dry production has been falling faster than gross production, because more liquids are being stripped out.  The percentage of gross production that is being removed as NGLs has been rising, and is up from about 5.3% a year ago to about 5.9% now:

Here's a look at Gross vs Dry production over the last three years, which shows the same increase in the NGL component from another angle: