On Tuesday, the U.S. Energy Information Administration (EIA) released its monthly Natural Gas Gross Production Report. Data from the report showed natural gas production in May in the lower 48 U.S. states was unchanged from April output. Gas production in May totaled 72.39 billion cubic feet per day. May levels were 4.3% above the same month a year ago and very close to the record high gas output level of 72.74 bcf per day that was hit in January.
Monthly production numbers had started to decline in February and March sparking concern that the steep decline in gas drilling was finally…
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