Natural gas futures were rallying early Tuesday as a drop in the latest production estimates added to the concerns of a market already skittish over supply adequacy heading into the summer cooling season. 

NGI Morning Natural Gas Price & Markets Coverage

The June Nymex contract was up 35.1 cents to $8.307/MMBtu at around 8:45 a.m. ET. July was up 34.3 cents to $8.396.

Updated estimates from Wood Mackenzie were showing a roughly 1.3 Bcf/d day/day decline in domestic production, with output down to around 94.5 Bcf/d as of early Tuesday.

Potentially a mitigating factor in the drop-off, the declines appeared to correlate with pipeline maintenance events, according to Wood Mackenzie analyst Laura Munder.

Notable regional declines were in the Northeast (down about 500 MMcf/d), North Louisiana (down about 380 MMcf/d) and the...