The Producer keeps producing!
Natural gas production in the Lower 48 U.S. increased for the sixth time this year in July. According to the EIA’s 914-Survey, month-on-month output rose by 0.3% or 0.17 Bcf/day.
Production in New Mexico posted the largest increase, 5.2%, of the major producing states while output in Wyoming rose for the first time in eight months. On the other hand, production in the Federal Offshore Gulf of Mexico continued a 5-month string of monthly declines, down 2% month-on-month and down 19% from a year ago.
Overall production in the Lower 48 increased to 64.4 Bcf/d in July, up 3.3% from July 2009. The strong production helped somewhat mitigate the spike in gasfired cooling demand. The contiguous United States had its fourth-warmest summer (June-August) on record, according to NOAA.