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U.S. natural gas production grew by 4% in 2023, similar to 2022

From eia.gov

U.S. natural gas production grew by 4% in 2023, or 5.0 billion cubic feet per day (Bcf/d), to average 125.0 Bcf/d, according to our Natural Gas Monthly. The Natural Gas Monthly was recently updated with natural gas production data through December 2023. In 2023, three regions—Appalachia, Permian, and Haynesville—accounted for 59% of all natural gas production in the United States, similar to 2022, based on our Drilling Productivity Report (DPR). The DPR measures gross natural gas withdrawals in select onshore regions. By contrast, we expect a modest production contraction in 2024; dry natural gas production is ... (full story)

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  • Category: Fundamental Analysis