US expects incremental monthly gains in gas output
The US Energy Information Administration (EIA) reported December 13 that, of the seven primary inland shale basins, only one – Anadarko – is expected to witness declines in natural gas production next month.
EIA in its latest Drilling Productivity Report forecast an incremental increase in natural gas production from the seven primary shale basins in the continental US. Production for December is expected to average 89bn ft3/d and increase only by 0.4% to 89.3bn ft3/d in January.
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EIA in its Short-Term Market Report for the month, published December 7, forecast a production average of 95.3bn ft3/d from December to March and 96bn ft3/d for full-year 2022.
The Anadarko basin, spread out primarily across Oklahoma, is the only primary shale basin forecast to see a production decline. Among the least prolific basins for both oil and natural gas, Anadarko is forecast to see natural gas production drop from 6.3bn ft3/d in December to 6.29bn ft3/d on average next month.
By both volumetric and percentage gains, the Permian shale basin is forecast to increase the most, from 19.5bn ft3/d on average in December to 19.7bn ft3/d next month.
The Appalachia basin, which includes both the Marcellus and Utica formations, is the leading natural gas producer by far. EIA expects Appalachia gas production to average 34.8bn ft3/d this month and grow to 34.9bn ft3/d in January.