analyst David Havens notes in his December 8th note, Woodmac has an even more aggressive estimate of +9 Bcf/d YoY growth with half of it driven by Appalachian. Woodmac expects Haynesville, which has seen a meaningful revival in its drilling program over the last year and associated gas production from Per

3-15 Southva.st Northeast The reducing risk to capacity expansions translates into continued improvement in the production growth outlook in the Appalachian basin. As seen in the chart below, EIA which had estimated US dry gas YoY production growth of 4.4 Bcf/d in September has steadily increased its gr

ics by region, lead to the below sensitivities in supply growth. These figures deal with onshore tight oil regions only (Anadarko, Bakken, Permian, Appalachian, Eagle Ford, Haynesville and Niobrara), excluding some conventional and all offshore production. Caveats are that the profile of rig count growth,