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Shale gas production by geologic formation. Percent of total U.S. gas production from shale, 2000–2013 (US EIA) Shale gas production has grown rapidly in recent years, and is projected by the Energy Information Administration to increase further. Comparison of natural gas prices in Japan, United Kingdom, and United States, 2007–2011
The Illinois Basin has produced more than four billion barrels of petroleum. [6] Major oil production began in 1905, and from 1907 through 1912, the basin was the third-most oil productive area in the United States. Oil production peaked in 1908 at 34 million barrels per year, and declined steadily to 5 million barrels in 1933.
In 2000 shale gas provided only 1% of U.S. natural gas production; by 2010 it was over 20% and the U.S. Energy Information Administration predicted that by 2035, 46% of the United States' natural gas supply will come from shale gas.
In 1996, shale gas wells in the United States produced 0.3 × 10 ^ 12 cu ft (8.5 km 3), 1.6% of US gas production; by 2006, production had more than tripled to 1.1 × 10 ^ 12 cu ft (31 km 3) per year, 5.9% of US gas production. By 2005, there were 14,990 shale gas wells in the US. [20]
Shale gas well in Pennsylvania. Photo credit: Flickr/Nicholas A. Tonelli Shale gas flowing out of the Utica and Marcellus shale plays currently accounts for 18% of current total U.S. output. Over ...
The shale gas boom of 2008 went away every bit as quickly as it came, and the domestic natural gas industry has been decidedly sleepy ever since. Shale gas production has receded to only its core ...
Marcellus gas production has lowered the price of natural gas in the Mid-Atlantic states of the US, which previously were almost entirely dependent on gas pipelined in from the US Gulf Coast. From 2005 through 2008, wholesale gas prices at Mid-Atlantic states were $0.23 to $0.33 per million BTU above prices of the main Gulf Coast trading point ...
Shale gas and associated liquids produced throughout the country can support all the major chemical-producing regions, including the U.S. Gulf Coast, which today serves as a major hub of ...