From Bentek-
Supply/Demand Balance Analytic Report - Dry gas production tops 70 Bcf/d for first time
Dry gas production topped the 70-Bcf/d level for the first time on Saturday and has remained there, including a new one-day high of 70.5 Bcf/d on Sunday. Increases were noted from several regions, including Texas, the Midcon Producing, the Southeast and the Southwest. Most notably the new growth was not associated with the Northeast, where Bentek expects production will reach new highs in November as pipeline expansions boost output from the Marcellus and Utica shales.
“After a month of lower trajectory growth, natural gas production is poised to shatter existing records through the end of the year,” said Jack Weixel, director of energy analysis for Bentek Energy. “Maintenance on several Northeast trunk lines was finished in early October and the region expects 2.2 Bcf/d of incremental pipeline capacity to be in service Nov.1. This relieves existing constraints in the field and opens up connections to market areas..”
http://www.bentekenergy.com//BentekTopStories.aspx?e=3&rpt=300&dt=10/20/2014
My point:
Now the supply is almost 10% over that of last year, Normal winter, NG will go down more unless producer cut supply, while new pipleline 2.1B/day will come online...UGAZ holders, any bounce better get out...the cold winter has not come...Good Luck!