Natural gas production is declining statewide and locally in the Barnett Shale as drillers shift resources to go after oil or liquid natural gas plays that bring higher prices. [This is my argument for a much tighter Ngas market in the U.S. heading into the coming winter. There is not enough capital being allocated to Ngas drilling to maintain supply. - Dan]
The latest numbers from the Texas Railroad Commission show a sharp drop for the first four months of 2013, including preliminary numbers for April.
Full Article: http://www.bizjournals.com/dallas/news/ ... 1373294379
Natural gas production falling in Texas
Natural gas production falling in Texas
Dan Steffens
Energy Prospectus Group
Energy Prospectus Group