AROC - Got Gas?
Macro: North American Natural Gas Volume Continues to Increase
Production:
In North America, drilling rig counts, and resulting gas production volumes continue to increase:
Source: Baker Hughes Drill Counts
Export:
Natural gas exports are also continuing to increase significantly providing a sort of relief valve effect for all that natural gas production. At the Cheniere Sabine Pass export terminal, Train #3 was completed in Q1 2017, Train #4 in Q4 2017, and trains #5 & #6 are in process.
Source: US Energy Information Administration
Platts points out January 2018 US LNG export doubled in