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Gold/Mining/Energy : Big Dog's Boom Boom Room -- Ignore unavailable to you. Want to Upgrade?

To: Dennis Roth who wrote (141528)	11/30/2010 8:59:11 AM
From: Dennis Roth	3 Recommendations Read Replies (3) \| Respond to of 206272

Natural Gas Sector Review September EIA 914 - A New Record High, Onshore Up 1.1% Mo/Mo 11 pages, 12 exhibits Download Link sendspace.com First page: September Lower 48 Gas Production Up 0.7% or 0.5 Bcf/d Mo/Mo. The EIA-914 data released today showed September 2010 U.S. lower 48 natural gas (wet) production increased 0.7% mo/mo (0.5 Bcf/d) to an all time high of 66.3 Bcf/d. Sequential monthly gains of 2.3% (0.4 Bcf/d) in ‘other’ states, 1.6% (0.1 Bcf/d) in Louisiana, 0.9% (0.2 Bcf/d) in Texas and 1.0% (0.04 Bcf/d) in New Mexico more than offset declines of 3.3% (0.2 Bcf/d) in the offshore Gulf of Mexico and 0.7% (0.05 Bcf/d) in Wyoming. Notably, Louisiana onshore gas production now exceeds gas production from the Gulf of Mexico. Onshore production increased 1.1% (0.7 Bcf/d) mo/mo to a new high of 60.4 Bcf/d. Yr/Yr Gains Stand at 8.2% or 5.0 Bcf/d. Lower 48 gas production for yr/yr to a new record high. Looking ahead, we expect the pace of production September averaged 66.3 Bcf/d, up 8.2% (5.0 Bcf/d) vs. year ago levels that were depressed by voluntary shut-ins and Independence Hub maintenance. Onshore lower 48 production advanced to 60.4 Bcf/d, up 10.6% (5.8 Bcf/d) growth to slow given the declines in the gas rig count in recent weeks. Gas production should continue to remain at elevated levels for the next several months driven by an ever increasing horizontal rig count, improved efficiencies and high levels of capital raised. However, the continuing transition towards greater liquids-rich drilling and away from dry gas should lead to stabilizing production by early 2011.