The U.S. Natural Gas and Shale Production Outlook for North American Gas Forum September 29, 2014 by Adam Sieminski, Administrator U.S. Energy Information Administration Independent Statistics & Analysis www.eia.gov
The U.S. has experienced a rapid increase in natural gas and oil production from shale and other tight resources U.S. dry shale gas production U.S. tight oil production billion cubic feet per day million barrels of oil per day…
U.S. natural gas prices are expected to remain well below crude oil prices energy spot prices 2012 dollars per million Btu 2012 30 history projections 25 20 Brent crude oil 15 spot price oil to gas ratio: price ratio: 3.6 10…
Rig productivity has increased greatly, making rig count no longer correlated with production Natural gas and oil-directed rig counts and natural gas marketed production rig count billion cubic feet per day 2400 80 marketed natural…
A larger share of new wells produce both oil and natural gas natural gas only oil only marketed gas oil and natural gas production non-marketed gas production Source: EIA based on DrillingInfo North American Gas…
Resource and technology assumptions have major implications for projected U.S. crude oil production beyond the next few years Reference case High Oil and Gas Resource case million barrels per day million barrels per day 2012 14 2012…
U.S. shale gas leads growth in total gas production through 2040, when production exceeds 100 billion cubic feet per day U.S. dry natural gas production trillion cubic feet billion cubic feet per day 2012 40 history projections 100 35…
Natural gas consumption growth is driven by electric power, industrial, and transportation use U.S. dry gas consumption trillion cubic feet 35.0 history projections 30.0 25.0 11.0 electric power 20.0 8.5 15.0 industrial* 11.2…
Manufacturing output and natural gas use grows with low natural gas prices, particularly in the near term manufacturing natural gas consumption quadrillion British thermal units billion cubic feet per day 10 25 9 8 refining and 20…
U.S. becomes a net exporter of natural gas in the near future U.S. dry natural gas trillion cubic feet per year billion cubic feet per day 2012 40 history projections 100 30 75 consumption 20 50 domestic supply 10 25 0 0…
Projected U.S. natural gas trade depends on assumptions regarding resources and future technology advances Reference case High Oil and Gas Resource case billion cubic trillion cubic feet per year trillion cubic feet per year feet per day…
For more information U.S. Energy Information Administration home page www.eia.gov Annual Energy Outlook www.eia.gov/aeo Short-Term Energy Outlook www.eia.gov/steo International Energy Outlook www.eia.gov/ieo Monthly Energy Review…
Loading...
