October Natural Gas Production Sets New Record
October was another record-setting month for the world's largest natural gas producer, as the U.S. produced all-time record amounts of both gross withdrawals and dry production (consumer-grade gas), according to new data released today by the Energy Information Administration (see chart above). The record-setting gross volume in October (2.48 trillion cubic feet) was above its year-earlier level by 6.4%; and the all-time high for monthly dry gas production was 7.6% above last October, and surpassed two trillion cubic feet for the first month ever.
Over the last five years as unconventional shale gas has become increasingly more available due to advanced extraction techniques (fracking and horizontal drilling), gross withdrawals of natural gas have increased by one-third and dry gas has increased by more than 42%. Welcome to America's new age of energy abundance with enough natural gas to last well into the 22nd century.