Yesterdays news While speaking about Tourmaline , Eric Nutttal stated that US gas production will grow by 3 -4 bcf during the upcoming 12 month period.
That sounds reasonable based on the May DPR which shows an increase of 256 mmscfd by June.
What he fails to mention is that nat gas rig count has fallen by 24 rigs and oil rig count has fallen by 21 during May Furthermore , the frac spread has fallen by 34.
On top of all this , he fails to mention that productivity for both gas drilling and oil drilling has fallen by more than 10 % in each of the past two years.
You do the math , but my estimate is that both nat gas production and crude production will be falling from here on !!