- FAMILIES OF DECEASED SEAL TEAM 6 MEMBERS ARE MAKING SERIOUS ALLEGATIONS AGAINST THE GOVERNMENTPosted 10 days ago
- European Commission to Criminalize Nearly all Seeds and Plants not Registered with GovernmentPosted 11 days ago
- After the Tragedy in Boston, More Government Surveillance is Not the AnswerPosted 12 days ago
- Video: Obama To Ohio State Grads-Reject Voices That Warn About Government TyrannyPosted 13 days ago
- AMERICANS FEAR GOVERNMENT MORE THAN TERRORPosted 20 days ago
- The Art of Catching Government False Flags in Real TimePosted 20 days ago
- SECRET GOVERNMENT DOCUMENTS REVEAL VACCINES TO BE A TOTAL HOAXPosted 26 days ago
- WIKILEAKS: THE GOVERNMENT IS SPYING ON YOU THROUGH YOUR IPHONEPosted 36 days ago
- Poll: Close to 1 in 3 Americans Believe in World Government and a New World OrderPosted 45 days ago
- US Government Sued For Pesticides Killing Millions Of BeesPosted 53 days ago
America’s Jaw-Dropping Shale Gas Boom Is Starting To Slow Down
Everyone’s raving about the American shale gas revolution, which could make the country the next Saudi Arabia of energy.
Indeed, the growth rate in shale gas production has gone geometric.
However, things are showing signs of slowing down.
Credit Suisse’s Oil & Gas Exploration & Production research team led by Arun Jayaram is out with a note titled 10 Observations About Natural Gas. Here’s their second observation:
2. Production from unconventional plays is starting to soften. Exhibit 1 illustrates the jaw dropping increase in natural gas production from unconventional dry gas plays. After taking many years to reach 5 Bcf/d of production, the industry added 5 Bcf/d in a two year stretch between 2008 and 2010, which took overall production to 10 Bcf/d. In the past two years, the industry has nearly doubled production to ~20 Bcf/d or 27% of supply. Recent data suggests that this trend is finally beginning to ease given sharp reductions in drilling activity in the Barnett, Haynesville, Fayetteville, and Woodford Shale plays, which should mute further gains in the Marcellus Shale.