TXDESERTFOX

Beaten Down Natural Gas Likely to Stay Down, Making Producers a Short

TX Total Natural Gas Production:

Dec 2007 613.2 BCFG
Jan 2008 543.6 Jul 2008 586.2 BCFG
Feb 503.6 Aug 595.1
Mar 570.6 Sep 570.8
Apr 552.6 Oct 626.9
May 577.1 Nov 604.2
Jun 566.6 Dec 606.5
Jan 2009 568.9

Source: TX RRC

This looks like a 33% per year decline as stated by XTO's Bob Simpson. If your shale plays are low cost, we may not be on the same planet.