Description
The Effect of Shale Gas Production on U.S. Gas Supplies
The U.S. natural gas supply is greatly dependent on domestic exploration and development. Historically, U.S. gas supply was dominated by very large gas fields with high well productivity, often from offshore locations. These fields had excess production capacity, very shallow decline rates, and large individual well reserves. Over the past few decades this has changed. The U.S. natural gas supply is now dominated by production from “resource” type producing fields. These fields have relatively small individual well reserves and very rapid early life decline rates. However, some of these fields have very large aerial extents and therefore the ability to supply large volumes of gas due to the very large numbers of wells that can be drilled.
This presentation will examine the level of gas supply currently coming from “resource” plays with special emphasis on shale plays. I t will also assess the potential these plays have for increasing the domestic U.S. natural gas supply and the duration of the supply. An estimate of the activity levels necessary for these plays to maintain and grow the U.S. natural gas supply will also be presented.
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Please register before the deadline at noon on Monday, January 18th if you plan to attend. Walk-in registrations on the day of the meeting will be accepted for a limited number of seats based on the number of registered attendees or the maximum capacity of the Carriage Room.
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