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Natural Gas Futures - Jun 24 (NGM4)

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Currency in USD
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1.990
+0.010(+0.51%)
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Natural Gas Futures Discussions

Dry natural gas production from shale formations in the Appalachian Basin that spans Pennsylvania, West Virginia, and Ohio has been growing since 2008, and monthly production has recently set new record highs. Production in the region reached 32.5 billion cubic feet per day (Bcf/d) in December 2020, and it averaged 31.9 Bcf/d during the first half of 2021, the highest average for a six-month period since production began in 2008. The Appalachian Basin contains two shale formations, Marcellus and Utica, which accounted for 34% of all U.S. dry natural gas production in the first half of 2021. On its own, the Appalachian Basin would have been the third-largest natural gas producer in the world the first half of 2021, behind Russia and the rest of the United States.
Gotta keep up with demand and exports
People here don't even know how easy it is to extract shale gas. They just gamble 🎰.
 they can turn the faucet and send storage to 4000 in 4 weeks
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