Latest forecast raises estimate of recoverable U.S. natural gas reserves by 20%

first_img FacebookTwitterLinkedInEmailPrint分享S&P Global Market Intelligence ($):The U.S.’s recoverable natural gas resource base is 20% greater than what an evaluation just two years ago showed, the Potential Gas Committee reported Sept. 11.The nation has about 3,374 trillion cubic feet (Tcf) of technically recoverable gas as of year-end 2018, according to the committee. The 557 Tcf jump from two years prior marked the largest increase between the group’s biennial evaluations in its history and was driven primarily by new onshore drilling and production results, along with technology gains allowing for better understanding of the basins, the committee said.“More well drilling and continuous improvements in completion and simulation technologies led to better delineation and characterization of U.S. gas resources, especially in shale and tight reserves,” according to Alexei Milkov of the Colorado School of Mines and director of the Potential Gas Agency, which works closely with the Potential Gas Committee. The committee comprises volunteer geoscientists and engineers.The 3,374 Tcf total represented a mean value computed by statistical aggregation of the minimum, most likely and maximum value distributions.Among reservoir types, shale gas dominated, representing 62% of all U.S. gas resources.When the assessment of technically recoverable resources was combined with the U.S. Energy Information Administration’s latest estimate of proved reserves, the evaluation put the future U.S. supply of gas at 3,838 Tcf, up 22% from two years earlier, also breaking prior records.More ($): Technically recoverable U.S. gas reserves 20% higher than 2 years prior Latest forecast raises estimate of recoverable U.S. natural gas reserves by 20%last_img

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