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US gross gas production tumbled in January but was still up 8.6% YOY

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Essential Energy Insights - January 2021


US gross gas production tumbled in January but was still up 8.6% YOY

Production of natural gas across the U.S. pulled lower in January, putting gross production 1.1 Bcf/d lower on the month at less than 95.6 Bcf/d, the U.S. Energy Information Administration said in its latest "Monthly Crude Oil and Natural Gas Production" report released March 30.

While total production was down 1.2% month on month, the January figure stood 8.6% above the same month in 2017.

Total U.S. natural gas production, as measured by the EIA as "gross withdrawals," includes the natural gas liquids present in "wet" gas, as well as nonhydrocarbon gases, and any gas delivered as royalty payments or consumed in field operations.

Texas accounted for more than half of the lost production in January with gas output in the state down 623 MMcf/d, or 2.8%, on the month, to a total just above 22.0 Bcf/d. Neighboring state Oklahoma saw production increase 156 MMcf/d, or 2.1%, to total 7.51 Bcf/d.

Four states, including West Virginia, Louisiana, Arkansas and Pennsylvania, saw production ease by 0.1 Bcf/d or more.

After topping 10 million barrels per day for the time ever in November 2017 then tipping lower in December 2017, U.S. oil production was mostly flat in January.

The EIA data shows total U.S. crude oil production in January ticked 0.1% higher month on month to 9.96 MMbbl/d and remained 12.9% higher year on year.

On an absolute basis, production from the Gulf of Mexico saw the biggest increase, up 79,000 bbl/d, or 5.1%, to above 1.62 MMbbl/d in January.

Partially offsetting the increased production in the Gulf, Texas output decreased 56,000 bbl/d, or 1.4%, to reach 3.89 MMbbl/d.