September could be a good month for LNG investors
Posted on Thursday, September 3rd, 2015 at 8:00 pm
The month of September would be a good month to invest in natural gas, as the U.S. Environmental Impact Assessment (EIA) sees a dramatic plunge in the production of natural gas from seven major shale basins across the country after an all-time high several months ago, Business Insider reported on Wednesday, September 2.
In May, the seven major shale basins produced a total of 45.6 billion cubic feet per day. This September, however, the production is projected to drop 1.5%. The decline is partly due to the depletion from existing wells, as well as the lack of new wells being drilled. This decrease in the supply could raise the prices quite a bit, making it possible for the producers to gain profit and drill new wells.
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