This Week’s Market Buzz
Published: Thursday, 24 July 2014 11:45
- Genscape’s proprietary pipeline models indicate that natural gas production for the 48 contiguous states reached the 70 bcfd level for the first time on Monday, July 21, 2014. This unique milestone demonstrates the ongoing growth in gas production and the continued reliance on natural gas in North America. Using regional natural gas prices in combination with well economics, Genscape provides the most accurate gas production forecasts in the market, with weekly updates and detailed production forecasts for over 50 regions in the Lower 48 and Canada. Genscape has been aggressive in forecasting increasing U.S. natural gas production from shale plays across the country, with record flows in the Marcellus and Utica Shale leading the way.
Read more: This Week’s Market Buzz