U.S. Marketed Natural Gas Production Levels Off in the First Half Of 2012
U.S. marketed natural gas production has flattened since late 2011, mainly in response to lower natural gas prices. Nevertheless, volumes remain at historically high levels. From January through July 2012, marketed natural gas production set a record high for the first seven months of any year, averaging 68.9 billion cubic feet per day (Bcf/d), up nearly 4 Bcf/d, or 5.9%, from the same period a year earlier.