The CME/NYMEX Henry Hub natural gas futures price averaged $2.64/MMBtu in September, the lowest level for any September since 2001, and it continues to hover at a similar low for October so far. Rig counts are down nearly 60% since December 2014. The market is on high alert for the first sign of production declines that might encourage higher prices – believing this to be a matter of sooner or later. Yet natural gas production has been hitting all-time records. Today we look at monthly natural gas production data from the Energy Information Administration (EIA).
from RBN Energy – Accelerating energy market analytics through collaboration, networking and alliances
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