America's Shale Gas Supply Is Caught in its Longest-Ever Decline
- Shale gas output forecast to decline for fourth straight month
- Production set for record streak of monthly declines
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America’s shale gas boom hasn’t exactly been booming lately.
Natural gas production from the seven largest U.S. shale deposits will drop for a fourth straight month in October to average 44.784 billion cubic feet a day, the lowest since March, based on an Energy Information Administration forecast released Monday. That’s the longest streak of monthly declines in government data going back to 2007.