2018 Year 7 Month 18 day wednesday
U.S. Gas Production Seen Sliding for 4 Years: Chart of the Day
December 5 (Bloomberg) -- U.S. production of natural gas, the most widely used furnace fuel in the world’s largest economy, may tumble through 2012 as low prices prompt producers to shut down drilling rigs from Louisiana to the Rocky Mountains. The CHART OF THE DAY shows the relationship between reductions in drilling by U.S. energy companies and output from gas wells. The red line shows the number of rigs drilling for gas in the U.S., as tracked by Baker Hughes Inc. In 2001-02, the so-called rig count declined for nine months in a row. Gas production, shown in white, declined for the next four years and didn’t return to the 2001 level until 2007. Energy companies probably will slash onshore U.S. gas drilling to 800 or 900 rigs this year from a peak of 1,606 in 2008 after prices for the fuel plunged 70 percent from their 2008 high, said Keith Hutton, chief executive officer at Fort Worth, Texas-based producer XTO Energy Inc. As a result, gas output probably will decline by 3 percent to 5 percent in 2009, Hutton told investors on a conference call yesterday. Idling rigs slows new discoveries and prevents companies from offsetting output declines that average 30 percent a year from established wells, Hutton said. “If your underlying decline rate is 30 percent and you drop your rig count in half, it’s hard as hell to catch back up,” said Hutton, 50. “If you start picking rig count up 10 or 15 percent a year and it takes you three or four years to get back to the old rig count, you’re going to decline almost the entire time. We’re set for falling gas production for quite awhile here.” London-based BP Plc is the largest producer of U.S. gas, followed by Oklahoma City-based Chesapeake Energy Corp. and ConocoPhillips of Houston, according to the Natural Gas Supply Association in Washington.
 · TLH Group Core Values
 · 0Shipping exec sees more toug
 · Escondida Q1 output down 30 p
 · Total’s Texas plant shutdown
 · China Jan imports of refined
 · U.S. Gas Production Seen Slid
    Carbons & Graphites
     Electrically Calcined Anthracite
     Calcined Anthracite Coal
     Graphitized Petroleum Coke
     Calcined Petroleum Coke
     Carbon Additive /Gas Calcined Anthracite
     Graphite Scrap
     Carbon Electrode Paste
     Anthracite Filter Media
    Met Coke
     Semi Coke
     Foundry Coke
     Metallurgical Coke
    Metallurgical Products
     Calcium Carbide
     Silicon Carbide
     Silicon Carbide Briquette
     Silica Fume
    Ferro Alloys
     Ferro Silicon
     Silicon Metal
     Ferro Manganese
     Silicon Manganese
     Calcium Silicon
     Ferro Silicon Magnesium
     Ferro Chrome/Low Carbon
     Magnesium Ingot
    Manganese Series
    Chemical Products
    Coke & Graphite
    Refractory Materials
    Iron & Steels
 Company: Ningxia TLH Group Co., Ltd.
 Add: No.12-5, Minzu South Street, Xingqing District, Yinchuan, Ningxia, China
 Tel: 86-951-5124500
 Fax: 86-951-5124500,Ext.805
 Email: sales@tlh-group.com
export@tlh-group.com
 Website: www.tlh-group.com
 Mobile:

13909582765

Ningxia TLH Group Co., Ltd.All rights reserved.
Add:No.12-5, Minzu South Street, Xingqing District, Yinchuan, Ningxia, China
Tel: 86-951-5124500 Fax: 86-951-5124500,Ext.805  Mobile:13909582765; Post Code: 750006
Website: www.tlh-group.com E-mail: sales@tlh-group.com,export@tlh-group.com
Msn: tlh-group@hotmail.com; Skype: tlh-group; tlh_group;