Annual US Production Decreased by 1% in 2020

摘要

U.S. natural gas production - as measured by gross withdrawals'- averaged 111.2 Bcf/d (3.15 Bcm/d) in 2020, down 900 MMcf/d (25 MMcm/d) from 2019 as result of a decline in drilling activity related to low natural gas and oil prices in 2020. The 2019 record-high increase in natural gas production led to higher volumes of natural gas in storage and lower natural gas prices. Beginning in March 2020, warmer-than-average weather along with the effects of the responses to COVID-19 drove down natural gas demand and further reduced prices. The lowest average monthly U.S. natural gas production volume was in May 2020 at 106.4 Bcf/d (3.01 Bcm/d). By December 2020, natural gas production had increased to 113 Bcf/d (3.2 Bcf/d).