The latest U.S. Government Short-Term Energy Outlook (STEO) anticipates natural gas production will grow much less in 2020 because of the lag between changes in price and changes in future drilling activity. Low prices in Q3-2019 is likely to reduce gas-directed drilling in the first half of next year, with 2020 output seen average 95.1 billion cubic feet per day (Bcf/d).
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