North American natural gas volumes appear to have fallen 1.4% sequentially and 4.6% over levels for the same period a year ago, according to Lehman Brothers analyst Thomas R. Driscoll. Using final production numbers from 43 Lower 48 and 14 Canadian producers, Driscoll estimated that U.S. production for 2002 will be down 5%-6% over a year ago, while Canada will have a 2.5% drop in production from 2001 levels.
3Q01
Articles from 3Q01
North American 3Q Gas Production Estimated to be Down 4.6% Over 3Q01
North American natural gas volumes appear to have fallen 1.4% sequentially and 4.6% over levels for the same period a year ago, according to Lehman Brothers analyst Thomas R. Driscoll. Using final production numbers from 43 Lower 48 states and 14 Canadian producers, Driscoll estimated that U.S. production for 2002 will be down 5%-6% over a year ago, while Canada will have a 2.5% drop in production from 2001 levels.
18 Producers Show Gas Production Down 7.3% from 3Q01
Gas production looks a little thin for the third quarter with 18 companies (22% of total U.S. production) so far reporting volumes (8,865 MMcf/d) down 0.3% from the second quarter and 7.3% from year-ago levels, according to statistics compiled by Thomas Driscoll of Lehman Brothers.
18 Producers Show Gas Production Down 7.3% from 3Q01
Gas production looks a little thin for the third quarter with 18 companies (22% of total U.S. production) so far reporting volumes (8,865 MMcf/d) down 0.3% from the second quarter and 7.3% from year-ago levels, according to statistics compiled by Thomas Driscoll of Lehman Brothers.