OGJ Newsletter

Market MovementUS gas production declines againA survey of 30 of the largest US gas producers indicates that US gas production declined by 1% sequentially in the third quarter and likely will be down 6% for the year as a whole, analysts at Raymond James & Associates Inc., St. Petersburg, Fla., reported last week.It marked the fifth consecutive quarter that US gas production has declined, they said. "Furthermore, although the rig count bottomed in March, drilling ac -tivity has not increased significantly and is far short of the levels needed to overcome natural de-clines. Conse-quently, we are likely to continue seeing sequential declines in production for the foreseeable future," said th...

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