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COMMODITIES: U.S. Natural Gas Output In Lower 48 States Up 0.9% in October

In October, Lower 48 States production increased 0.9% or 0.65 billion cubic feet per day (Bcf/d). Other States had the largest volumetric increase at 2.5% or 0.66 Bcf/d as many operators reported new wells in the Marcellus shale play, the Energy Information Administration said Tuesday.

The rise to 74.6 billion cubic feet per day compares to a revised 73.95 bcf/day in September.

Wyoming rose 8% or 0.42 Bcf/d primarily because of a gas plant, not operating for most of September, returned to full production. The Federal Gulf of Mexico and Louisiana decreased production by 6.5% or 0.23 Bcf/d and 3.6% or 0.22 Bcf/d respectively, because of equipment and facility maintenance, normal well decline, and Tropical Storm Karen.

Because of changes in the reporting of Texas production data and following with the EIA-914 estimation Methodology, it was necessary to change the lag time used to generate the Texas estimates this month. The lag was changed from 9 months to 17 months. Estimates for September and October 2013 production in Texas have increased by 0.4% or 0.08 Bcf/d and 0.3% or 0.08 Bcf/d, respectively, as a result of using the new Texas lag.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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