The EIA released its August Natural Gas Monthly report, including production data through June as follows:
- Preliminary dry gas production for June 2014 of 2,106 billion cubic feet (Bcf) or 70.2 Bcf/day. This is the fourth consecutive month where the Bcf/day dry production value set the record for the highest ever for any month. June’s 70.2 Bcf/day is a slight increase from May’s revised 69.9 Bcf/day.
- Preliminary total consumption for June 2014 is 1,745 Bcf or 58.2 Bcf per day, remaining steady from May. This represents an increase of less than 1% from last June’s 1,732 Bcf or 57.7 Bcf/day, and is the second highest on record for the month.
- Deliveries to residential consumers for June 2014 (125 Bcf or 4.2 Bcf/day) are the second lowest on record for the month; commercial deliveries (140 Bcf or 4.7 Bcf/day) are the highest for June since 2002; industrial deliveries (586 Bcf or 19.5 Bcf/day) are also the highest for the month since 2002; and electric power deliveries for June (719 Bcf or 24.0 Bcf/day) are down 2% from June 2013.
The EIA further commented, “This is the fourth consecutive month where the Bcf/day dry production value set the record for the highest ever for any month.” To view the full EIA Natural Gas Monthly, click here.
Range Resources CEO Jeff Ventura Discusses Marcellus Gas Production
With rapidly growing natural gas production volumes coming from U.S. shale plays, companies are scrambling to connect new production to natural gas pipelines and many are planning to export their gas to overseas customers in Europe and Asia in the form of liquefied natural gas. The Marcellus shale play has become the U.S.’s most prolific natural gas basin. Last week, leading independent natural gas producer Range Resources (ticker: RRC), credited with launching the Marcellus shale play in Pennsylvania in 2004, presented at EnerCom’s The Oil & Gas Conference 19® in Denver.
President and CEO Jeff Ventura discussed the company’s natural gas operations in the Marcellus with Oil & Gas 360® in an exclusive video interview.
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