Preliminary dry NatGas the highest annual total on record dating back to 1930
EIA’s Natural Gas Monthly, with data through December 2015, has been released. Highlights follow:
- In December, dry natural gas production was the highest for the month since EIA began reporting dry natural gas production data in 1973. Preliminary dry natural gas production for December 2015 was 2,289 billion cubic feet (Bcf), or 73.8 Bcf/day. This level was a 0.4 Bcf/day (0.6%) increase from December 2014 production of 73.4 Bcf/day.
- Preliminary dry natural gas consumption for December 2015 was 2,598 Bcf, or 83.8 Bcf/day. This was a decrease of 3.3% from 2,688 Bcf in December 2014, or 2.9 Bcf/day.
- Year-over-year total consumption of dry natural gas in December decreased in three of the four consuming sectors, with the exception being electric power deliveries, which increased significantly year to year. Deliveries of natural gas by consuming sector in December 2015 were as follows:
– Residential deliveries were 589 Bcf, or 19.0 Bcf/day, down 17.9% from 23.1 Bcf/day in December 2014.
– Commercial deliveries were 351 Bcf, or 11.3 Bcf/day, down 17.8% from 13.8 Bcf/day in December 2014.
– Industrial deliveries were 669 Bcf, or 21.6 Bcf/day, down 2.8% from 22.2 Bcf/day in December 2014.
– Electric power deliveries were 771 Bcf, or 24.9 Bcf/day, up 21.2% from 20.5 Bcf/day in December 2014.
- Preliminary annual dry natural gas production for 2015 was 27,091 Bcf, or 74.2 Bcf/day, the highest annual total on record dating back to 1930. Preliminary annual total consumption for 2015 was 27,473 Bcf, or 75.3 Bcf/day, also the highest total on record dating back to 1949.
Monthly Crude Oil and Natural Gas Production
Natural Gas Monthly
Important disclosures: The information provided herein is believed to be reliable; however, EnerCom, Inc. makes no representation or warranty as to its completeness or accuracy. EnerCom’s conclusions are based upon information gathered from sources deemed to be reliable. This note is not intended as an offer or solicitation for the purchase or sale of any security or financial instrument of any company mentioned in this note. This note was prepared for general circulation and does not provide investment recommendations specific to individual investors. All readers of the note must make their own investment decisions based upon their specific investment objectives and financial situation utilizing their own financial advisors as they deem necessary. Investors should consider a company’s entire financial and operational structure in making any investment decisions. Past performance of any company discussed in this note should not be taken as an indication or guarantee of future results. EnerCom is a multi-disciplined management consulting services firm that regularly intends to seek business, or currently may be undertaking business, with companies covered on Oil & Gas 360®, and thereby seeks to receive compensation from these companies for its services. In addition, EnerCom, or its principals or employees, may have an economic interest in any of these companies. As a result, readers of EnerCom’s Oil & Gas 360® should be aware that the firm may have a conflict of interest that could affect the objectivity of this note. EnerCom, or its principals or employees, may have an economic interest in any of the companies covered in this report or on Oil & Gas 360®. As a result, readers of EnerCom’s reports or Oil & Gas 360® should be aware that the firm may have a conflict of interest that could affect the objectivity of this report.