Natural Gas Weekly Update
for week ending March 5, 2014 | Release Date: March 6, 2014 | Next Release: March 13, 2014
In the News:
Marcellus production strong; backlogged wells will support further growth
EIA's recently released December 2013 data indicate that 2013 was a record year for U.S. gas production, with consistent growth in the "other states" category, which include states with active Marcellus shale production. According to EIA's monthly production survey (EIA-914), overall marketed production in the United States averaged 70.2 billion cubic feet per day (Bcf/d) in 2013, up about 1 Bcf/d (1.5%) from 2012 and the eighth straight year of production growth. Much of the growth came from states other than the more widely known hydrocarbon-producing states of Louisiana, Wyoming, New Mexico, Texas, Oklahoma, and Alaska. Growth in the Marcellus states has more than offset declines in other areas, particularly the Gulf of Mexico.
EIA's monthly Drilling Productivity Report, which uses different methodology than the monthly survey and which estimates production by shale play, estimated that Marcellus gross natural gas production grew 47.6% from 2012 to 2013. EIA forecasts that the overall growth in U.S. marketed production will continue in 2014, averaging 71.8 Bcf/d (or, plus 2.3%), according to EIA's February Short-Term Energy Outlook.
A current backlog of natural gas wells, or wells that have been drilled but not yet completed so they can produce natural gas, will be a major contributing factor to future growth in production, particularly in the Marcellus Shale. A Barclays report on February 28 estimated that more than 1,300 wells in Pennsylvania remain backlogged. Backlogs are often the result of inadequate pipeline infrastructure in a region to support production. As new infrastructure becomes available, these wells can quickly begin producing....MUCH MORE
| U.S. Natural Gas Supply - Gas Week: (2/26/14 - 3/5/14) | ||
|---|---|---|
Percent change for week compared with:
|
||
last year
|
last week
|
|
| Gross Production |
3.66%
|
-1.27%
|
| Dry Production |
3.62%
|
-1.26%
|
| Canadian Imports |
6.38%
|
10.96%
|
| West (Net) |
-30.83%
|
-16.23%
|
| MidWest (Net) |
59.60%
|
26.74%
|
| Northeast (Net) |
7.17%
|
37.98%
|
| LNG Imports |
-52.96%
|
-0.08%
|
| Total Supply |
3.51%
|
-0.46%
|
| U.S. Consumption - Gas Week: (2/26/14 - 3/5/14) | ||
|---|---|---|
Percent change for week compared with:
|
||
last year
|
last week
|
|
| U.S. Consumption |
19.0%
|
24.4%
|
| Power |
0.9%
|
31.7%
|
| Industrial |
5.1%
|
3.9%
|
| Residential/Commercial |
35.2%
|
32.1%
|
| Total Demand |
19.0%
|
24.1%
|
