Bcf/D

Production of both natural gas and oil in the nation’s seven most prolific shale and tight oil plays will increase more than 1% between February and March, according to the Energy Information Administration (EIA).

Monthly average natural gas spot prices at the Henry Hub are likely to remain below $3/MMBtu through the winter, average $3.05/MMBtu in 2015, and average $3.47/MMBtu in 2016, all below previous forecasts, the Energy Information Administration (EIA) said Tuesday.

March natural gas is set to open 5 cents higher Monday morning at $2.63 as traders factor in expected cooler near-term temperature patterns. Overnight oil markets rose.

Natural gas production in the Lower 48 was up marginally in November to 81.54 Bcf/d, an increase of 0.76 Bcf/d (0.9%) compared to the previous month, with the latest in a long string of impressive months in the shale-rich Other States category overcoming month-to-month downturns or nearly flat performances in several other areas, according to the Energy Information Administration (EIA).

Canadian natural gas exports to the United States likely shrank last year to the lowest volume since 1994, according to the National Energy Board (NEB).

Natural gas forwards markets in the U.S. Northeast were revived last week, with prompt-month basis prices at the volatile New England hub surging more than $2 on a host of factors, including one that a regional trader said had nothing to do with fundamentals.

Production from the nation’s seven most prolific shale and tight oil regions continues to surge ever higher and is expected to reach 45.44 Bcf/d of natural gas and 5.52 b/d of oil next month, according to the Energy Information Administration (EIA).

Domestic dry gas production was at a record high for the eighth consecutive month in October, reaching 2.24 Tcf (72.2 Bcf/d), a 6.8% increase from October 2013, according to preliminary figures from the Energy Information Administration (EIA).

Domestic dry gas production was at a record high for the eighth consecutive month in October, reaching 2.24 Tcf (72.2 Bcf/d), a 6.8% increase from October 2013, according to preliminary figures from the Energy Information Administration (EIA).