Houston, TX (PRWEB) July 23, 2014
Genscape’s proprietary pipeline models indicate that natural gas production for the Lower 48 reached the 70 bcfd level for the first time on Monday, July 21, 2014. This unique milestone demonstrates the ongoing growth in gas production and the continued reliance on natural gas in North America.
Using regional natural gas prices in combination with well economics, Genscape provides the most accurate gas production forecasts in the market, with weekly updates and detailed production forecasts for over 50 regions in the Lower 48 and Canada. Genscape has been aggressive in forecasting increasing U.S. natural gas production from shale plays across the country, with record flows in the Marcellus and Utica Shale leading the way.
This dynamic economic forecast of rigs and natural gas production uses the most up-to-date available data and incorporates infrastructure impacts and deferred gas well inventory to help inform trading and hedging strategies. Traders and analysts can utilize the report’s analyst insight and market intelligence, in combination with the granular data behind the forecasts, to make more efficient, intelligent decisions.
Genscape’s Natural Gas Production Forecast includes forecast commentary every six weeks, as well as weekly rig breakout, price, and pipe flow analysis reports. The forecasts are integrated to price and rig activity levels and pipeline flow data to ensure the forecasts are calibrated accurately with up-to-date signals of changes in production levels, allowing for price signals to flow through models and enabling reports to be adjusted based on market changes.
To learn more about Genscape’s Natural Gas Production Forecast or speak with one of the team’s gas experts, visit: info.genscape.com/natgas-production-high
Genscape is the leading global provider of real-time data and intelligence for commodity and energy markets, driven to improve market transparency and efficiency. With thousands of patented monitors strategically deployed worldwide, Genscape is unique in its ability to collect and report proprietary market fundamentals in real-time or near real-time. Genscape delivers innovative solutions across a number of asset classes including: Oil, Power, Natural Gas and LNG, Agriculture, Petrochemical and NGLs, Maritime, and Renewables. Genscape clients often gain first-mover advantage, improve risk management, or increase operational efficiency. For more information, please visit: http://www.genscape.com