DENVER, Feb. 4, 2015 /PRNewswire/ -- Natural gas production in the lower 48 United States decreased by 1.3 billion cubic feet per day (Bcf/d) to 71.4 Bcf/d during the month of January, according to Bentek Energy®, an analytics and forecasting unit of Platts. While production in January is below peak levels reached in December 2014, it represents a 10.5% increase (6.8 Bcf/d) over daily average production levels witnessed last January.
The U.S. Energy Information Administration (EIA) will publish its domestic production estimates for January on or around March 31, 2015.
"Cold weather disrupted operations in January, driving production lower during the month," said Catherine Bernardo, manager of energy analysis for Bentek. "Freeze-offs caused supply disruptions in several regions, including the Rockies, Midcontinent, Texas and the wet gas areas of the Northeast. Bentek expects production growth to return in February as temperatures warm."
Bentek data analysis suggests 2015 production will average approximately 72.8 Bcf/d. Natural gas production should continue to grow throughout the year, driven primarily by continued gains in the Northeast, with associated gas production in Texas and the Midcontinent region providing additional supply.
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 federal government statistics from the U.S. EIA.
This Bentek Energy U.S. natural gas production data estimate will be published each month, covering the previous month's output activity. Bentek's dry gas production estimates are not observed data and 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 on natural gas spot price trends and Platts, a leading global energy, petrochemicals, metals and agriculture information provider, visit the website at www.platts.com.
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