By Katy Fleury of the EIA.gov
U.S. natural gas production from shale and tight formations, which accounts for 79% of dry natural gas production, decreased slightly in the first nine months of 2024 compared with the same period in 2023. If this trend holds for the remainder of 2024, it would mark the first annual decrease in U.S. shale gas production since we started collecting these data in 2000.
Total U.S. shale gas production from January through September 2024 declined by about 1%, to 81.2 billion cubic feet per day (Bcf/d), compared with the same period in 2023, while other U.S. dry natural gas production increased by about 6% to 22.1 Bcf/d. Total U.S. dry natural gas production from January through September 2024 averaged 103.3 Bcf/d, essentially flat compared with the same period in 2023. more
Sounds like more “justification” to ban your gas stove…
but I’m certain the .Gov wouldn’t lie to us, right?
Just wait until next year.
the price dropped through it’s ass at the beginning of 23, less incentive to drill or finish drilled wells
9Booger nailed it. Wholesale price for a decatherm is way depressed. Producers have zero incentives to sell aggressively into a depressed market.