US BLM Production Increases by Almost 20% y/y in 2022

We estimate that US BLM production totalled 440mmcf in 2022, which was up from 370mmcf in 2021. The growth in production came despite the facility being down for virtually the whole first half of 2022. However, since resuming production, it produced almost 400mmcf in H2'22 and has recently been producing at an annualised rate of close to 800mmcf, when running normally.

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