High Permian well productivity, crude oil prices drive U.S. natural gas production growth

We estimate that U.S. marketed natural gas production in the Lower 48 states (L48) will grow by 5% (5.0 billion cubic feet per day [Bcf/d]) in 2023 and 2% (1.8 Bcf/d) in 2024 in our latest Short-Term Energy Outlook. Most of the forecast growth comes from the Permian region, where we expect that improved well-level productivity and higher crude oil prices will spur drilling activity that will increase natural gas production. More »