Natural Gas Production in 2013 to Increase as Prices Rise
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Marketed natural-gas production in the U.S. this year will top 70 billion cubic feet a day for the first time amid gains from onshore reserves and higher prices, a government report showed.
Daily output will average 70.01 billion cubic feet, up from 69.9 billion estimated in May, the Energy Information Administration said in its monthly Short-Term Energy Outlook, released today in Washington. Production will set a record for the sixth straight year as new wells come online at shale formations, such as the Marcellus in the Northeast and the Bakken in North Dakota, government data show.