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GAZB - Natural Gas Production Set To Decrease By 2.4 Bcf/D This Year
Barclays Bank PLC
Welcome to the EIA DPR edition of Natural Gas Daily!
EIA DPR was released yesterday, and a fresh new set of data gave ways to a fresh new forecast.
Source: EIA DPR, HFI Research
In our latest modeling, we show Lower 48 gas production to decrease by 2.438 Bcf/d y-o-y. In 2019, we averaged ~91.4 Bcf/d, so this would put the yearly average at ~89 Bcf/d. Since production today is at ~94.4 Bcf/d, this implies that, by year-end, Lower 48 gas production will decrease to ~82 Bcf/d by year-end.