Decline In U.S. Gas Production Imminent

U.S. gas production will turn the corner in the near future, changing from reduced growth to an actual decrease in total production in the near future, say Societe General analysts John Herrlin and Russel Koch in a new report. US natural gas output It’s still early and not all major players in the U.S. gas market have reported Q2 earnings, but Herrlin and Koch estimate that U.S. natural gas output is up 3 percent sequentially and 11 percent year-on-year. The problem is that Baker Hughes and Halliburton have both reported that rig counts are down both year on year and…