|By PR Newswire||
|March 6, 2014 04:32 PM EST||
DENVER, March 6, 2014 /PRNewswire/ -- U.S. domestic natural gas production in the lower 48 states averaged 65.8 billion cubic feet per day (Bcf/day) in February 2014, according to the latest estimates from Bentek Energy, the oil and natural gas analytic unit of Platts. This is an increase of 0.6 Bcf/d or 1.0% from January. Comparing February this year to February of 2013 shows an increase of 2.2%, or 1.4 Bcf/d of incremental gas supplies to the market. .
The U.S. Energy Information Administration (IEA) will publish its domestic production estimates for February on or around April 30.
"Continued strong production growth in the Marcellus, Utica, Eagle Ford, Permian and Bakken shale formations has made the difference on a year-over-year basis," said Jack Weixel, Bentek Energy director of energy analysis. "Starting in Q2 of this year, we're looking for even greater volumes out of these regions due to completion of midstream infrastructure that will allow liquids-rich natural gas to add to incremental production."
For 2013 as a whole, U.S. natural gas production averaged 64.8 Bcf/d, up more than 1.2 Bcf/d or 1.9% higher than the 2012 average of 63.6 Bcf/d. Bentek data analysis suggests 2014 production will average approximately 68.0 Bcf/d, supported by a higher overall price environment for producers, continued growth in liquids-rich basins such as the Eagle Ford, Bakken, Permian and Greater Anadarko, and continued increases in dry production in the Marcellus.
The Bentek data analysis is based on an extensive sample of near real-time production receipt data from the U.S. lower 48 interstate pipeline system. Platts' Bentek production models are highly correlated with and provide an advance glimpse of production data ahead federal government statistics from the U.S. EIA.
This Bentek Energy U.S. natural gas production data estimate will be published during the first week of every month, covering the previous month's output activity. Bentek's dry gas production estimates are not observed data but are based on pipeline receipt nominations and certain state production data.
Bentek Energy, which specializes in energy market analytics and is recognized as an industry leader in natural gas market fundamental analysis, was acquired by Platts in 2011. For more information about natural gas supply and demand fundamentals and Bentek Energy, visit www.bentekenergy.com.
For more information about natural gas spot price trends and Platts, a leading global energy, petrochemical and metals information provider, visit the website at www.platts.com.
Note: As with any modeled number, Bentek makes no warranty, express or implied, regarding the use of any information in connection with trading of commodities, equities, futures, options or any other use.
About Platts: Founded in 1909, Platts is a leading global provider of energy, petrochemicals, metals and agriculture information and a premier source of benchmark prices for the physical and futures markets. Platts' news, pricing, analytics, commentary and conferences help customers make better-informed trading and business decisions and help the markets operate with greater transparency and efficiency. Customers in more than 150 countries benefit from Platts' coverage of the biofuels, carbon emissions, coal, electricity, oil, natural gas, metals, nuclear power, petrochemical, shipping and sugar markets. A division of McGraw Hill Financial (NYSE: MHFI), Platts is headquartered in New York with approximately 900 employees in more than 15 offices worldwide. Additional information is available at http://www.platts.com.
About McGraw Hill Financial: McGraw Hill Financial (NYSE: MHFI), a financial intelligence company, is a leader in credit ratings, benchmarks and analytics for the global capital and commodity markets. Iconic brands include: Standard & Poor's Ratings Services, S&P Capital IQ, S&P Dow Jones Indices, Platts, CRISIL, J.D. Power and McGraw Hill Construction. The Company has approximately 17,000 employees in 27 countries. Additional information is available at www.mhfi.com.
Whether they’re located in a public, private, or hybrid cloud environment, cloud technologies are constantly evolving. While the innovation is exciting, the end mission of delivering business value and rapidly producing incremental product features is paramount. In his session at @DevOpsSummit at 19th Cloud Expo, Kiran Chitturi, CTO Architect at Sungard AS, will discuss DevOps culture, its evolution of frameworks and technologies, and how it is achieving maturity. He will also cover various st...
Oct. 1, 2016 05:00 PM EDT Reads: 2,041
Oct. 1, 2016 04:30 PM EDT Reads: 1,320
Oct. 1, 2016 04:00 PM EDT Reads: 3,733
Oct. 1, 2016 04:00 PM EDT Reads: 1,307
Oct. 1, 2016 03:45 PM EDT Reads: 609
Oct. 1, 2016 03:30 PM EDT Reads: 1,765
Oct. 1, 2016 03:30 PM EDT Reads: 1,199
Oct. 1, 2016 03:15 PM EDT Reads: 2,535
Oct. 1, 2016 03:00 PM EDT Reads: 3,070
Oct. 1, 2016 01:30 PM EDT Reads: 872
Oct. 1, 2016 01:00 PM EDT Reads: 5,192
What are the new priorities for the connected business? First: businesses need to think differently about the types of connections they will need to make – these span well beyond the traditional app to app into more modern forms of integration including SaaS integrations, mobile integrations, APIs, device integration and Big Data integration. It’s important these are unified together vs. doing them all piecemeal. Second, these types of connections need to be simple to design, adapt and configure...
Oct. 1, 2016 12:30 PM EDT Reads: 666
Why do your mobile transformations need to happen today? Mobile is the strategy that enterprise transformation centers on to drive customer engagement. In his general session at @ThingsExpo, Roger Woods, Director, Mobile Product & Strategy – Adobe Marketing Cloud, covered key IoT and mobile trends that are forcing mobile transformation, key components of a solid mobile strategy and explored how brands are effectively driving mobile change throughout the enterprise.
Oct. 1, 2016 12:30 PM EDT Reads: 2,341
Oct. 1, 2016 12:30 PM EDT Reads: 3,277