Natural Gas Monthly May 2012
The May Natural Gas Monthly, with data through March 2012, has been released. With Henry Hub spot prices in the two dollar range and a mild winter coming to an end, March 2012 gross natural gas production and total consumption further declined from February levels. Daily gross production of natural gas for the Lower 48 States declined slightly from 72.06 billion cubic feet per day (Bcf/d) in February to 71.76 Bcf/d in March. Total consumption of natural gas also continued at historic low levels, with monthly March 2012 total consumption at 2,109 Bcf, a decline of more than 5 percent from the March 2011 level of 2,229 Bcf.