Natural Gas Corner - Production Update - New Low For 2016 Natural Gas Production

U.S. dry-gas production has been in a steady decline from the record high of 73.8 Bcf per day reached in February.

Current production is estimated at 70.3 Bcf per day, down 3.5 Bcf per day or 4.7% from the February high.

The drop in the natural gas rig count is finally affecting production and should be a bullish factor for the market longer term.

Near term, record high storage may overshadow the production drop which should lead to a retest of price lows set earlier this year.