Growth in US Nat Gas Production to Slow In 2020

Growth in US Nat Gas Production to Slow In 2020
Michael Ciaglo/Houston Chronicle via AP

A 60% rise in U.S. natural gas production since 2008 is has been the primary factor keeping domestic gas prices so low.

Since the shale boom took flight in 2009, monthly Henry Hub prices have averaged $3.39 per MMBtu, as compared to $5.67 the decade prior.

Averaging $3.00 since 2014, natural gas has been stuck in a bearish market for years now.

Yet, even with low prices and a gas-directed rig count that has plummeted from 202 to start 2019 to 129 last Friday, output has continued to rise to record highs.

Read Full Article »


Comment
Show comments Hide Comments


Related Articles