US natural gas production sets record for 2nd year in row
U.S. natural gas production continues to break record even as prices remain at historic lows.The diverse location of the gains is interesting. The East Coast, in particular, needs to add to its distribution network to take full advantage of this low-cost energy source that is reducing CO2 emissions.
Average daily production reached 79 billion cubic feet in 2015, according to a new report from the U.S. Energy Information Administration.
That marked the second year in a row a new all-time record was set. Over the past decade, as hydraulic fracturing created a drilling boom across the country, gas production has increased 40 percent.
According to the EIA, the growth was almost entirely driven by productions gains in Pennsylvania, Ohio, West Virginia, Oklahoma and North Dakota.