The natural gas production forecast in STEO is now informed by EIA’s new monthly Drilling Productivity Report (DPR), which provides a new gauge for looking at oil and natural gas production growth in six key regions.
This month’s STEO raises the projection for marketed natural gas production by 0.4 % in 2013 and 0.9 % in 2014 from the previous STEO. In the past several months, natural gas production has hit record high levels, even as prices declined this summer. The Marcellus Shale has been the main driver of growth. EIA publishes a monthly production estimate for several major producing states (such as Texas, Louisiana, and Oklahoma) and an other states category, which includes the Marcellus. August 2013 production for the other states category was 17% (or 3. 7 billion cubic feet per day (Bcf/d)) greater thanAugust 2012.
Very strong growth in the Marcellus Shale (and to a smaller extent, the Eagle Ford
Shale) has more than outpaced declines in the Gulf of Mexico and the Hay