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Why falling rig counts aren’t slowing natural gas production
Since mid-2011, natural gas production has increased even though the number of natural gas-targeted rigs has fallen. Throughout 2013, dry natural gas production averaged ~66.5 billion cubic feet per day (or bcf/d). It averaged ~70.4 bcf/d in 2Q14. This exceeded the U.S. Energy Information Administration’s (or EIA) 69.6 bcf/d estimate for the period.