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In December 2009 the US Energy Information Administration (EIA) projected US marketed gas production will have reached a first peak at 20.60 × 10 ^ 12 cu ft (583 km 3) in 2009, decline to 18.90 × 10 ^ 12 cu ft (535 km 3) in 2013, then rise again to 23.27 × 10 ^ 12 cu ft (659 km 3) in 2035, the final year of their projection, for an average ...
The Marcellus natural gas trend is a large geographic area of prolific shale gas extraction from the Marcellus Shale or Marcellus Formation, of Devonian age, in the eastern United States. [2] The shale play encompasses 104,000 square miles and stretches across Pennsylvania and West Virginia, and into eastern Ohio and western New York. [ 3 ]
Hubbert's 1962 prediction of US lower 48-state gas production, versus actual production through 2012. Hubbert also predicted that natural gas production would follow a logistic curve similar to that of oil. The graph shows actual gas production in blue compared to his predicted gas production for the United States in red, published in 1962. [16]
A comprehensive 2009 study of oil depletion by the UK Energy Research Centre noted: [126] Few analysts now adhere to a symmetrical bell-shaped production curve. This is correct, as there is no natural physical reason why the production of a resource should follow such a curve and little empirical evidence that it does.
Natural gas production 1973-2022 U.S. natural gas monthly production, imports, and exports Discovered shale gas deposits as of June 2016 Natural gas production by State Natural gas was the United States ' largest source of energy production in 2016, representing 33 percent of all energy produced in the country. [ 1 ]
2004 U.S. government predictions for oil production other than in OPEC and the former Soviet Union. The July 2007 IEA Medium-Term Oil Market Report projected a 2% non-OPEC liquids supply growth in 2007-2009, reaching 51.0 kbbl/d (8,110 m 3 /d) in 2008, receding thereafter as the slate of verifiable investment projects diminishes. They refer to ...
Two main issues which were discussed at the summit, were natural gas prices and a common approach to the natural gas market. [28] It was agreed on the summit that the price of gas used to generate electricity is too low and the gap between prices for gas and crude oil need to be narrowed. The linking of gas prices to the oil price was considered.
Proven global natural gas reserves between 1960 and 2012 (OPEC) Ratio of world proved gas reserves to production, 1980-2011. Gas depletion is the decline in natural gas production of a well, gas field, or geographic area. [1]