Record Setting Natural Gas Withdrawals

“The EIA said draws from underground gas storage facilities were 287 Bcf (8.1 x 109 m3), “The most during the 20 years for which data exist and the latest in a season already characterized by withdrawals much larger than average.”

The EIA also said he cold weather impacted production. Wellhead freeze-offs occurred in parts of the Marcellus Shale in northeastern Pennsylvania and in the Fayetteville Shale in Arkansas. U.S. dry gas output dropped to 61.9 Bcf (1.7 x 109 m3) on Jan. 8, the lowest since September 2012, but rebounded to nearly 66 Bcf (1.8 x 109 m3) by Jan. 16.”

Read the rest of the article here.

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