Estimates showing a day/day drop in production helped natural gas futures extend their recent gains in early trading Tuesday. After picking up 6.0 cents in the previous session, the May Nymex contract was up 3.0 cents to $2.820/MMBtu at around 8:45 a.m. ET.

NGI Morning Natural Gas Price & Markets Coverage

The latest daily production estimate from Wood Mackenzie Tuesday showed a 2.4 Bcf/d day/day decline in Lower 48 supply, with output dropping to 89.1 Bcf/d from 91.5 Bcf/d as of Monday.

“The largest impacts are concentrated in the Northeast, where there is planned pipeline maintenance as well as what appears to be unannounced operator field maintenance,” Wood Mackenzie analysts Nicole McMurrer and Laura Munder wrote in a note to clients.

Flows in Northeast Pennsylvania were down 0.6 Bcf/d early Tuesday, according to the...