Gas Production Record in 2019

EIA Short-Term Energy Outlook (With First Projections for 2021)
U.S. dry natural gas production set a new record in 2019, averaging 92.0 bcf/d. EIA forecasts production will rise to 94.7 bcf/d in 2020 and then decline to 94.1 bcf/d in 2021. Production in the Appalachian region drives the forecast as it shifts from growth in 2020 to decline in 2021. EIA forecasts that Henry Hub natural gas spot prices will average $2.33 per mmbtu in 2020, down from $2.57/mmbtu in 2019. EIA expects that natural gas prices will then increase in 2021, reaching an annual average of $2.54/mmbtu. Link to Content

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