US Industry Metrics

A. Blume, Editor In the US, natural gas prices have been sliding throughout the autumn as gas production remains steady on the year, despite dropping rig counts. NGL prices also continue to decline, with the NGL composite price at Mont Belvieu at just over $5/MMBtu as of mid-October. However, the latest data available from the US EIA showed a rebound in NGL production in July from a downturn in June, as well as higher output volumes for LPG, ethane/ethylene and propane/propylene. Also, gas injection for winter storage was climbing as of mid-October, with storage levels pegged at 12% higher on the year. GP US gas production (Bcfd) and prices ($/Mcf)   U