US natural gas output to hit all-time high by end of year
Wednesday, July 20, 2022
U.S. natural gas production is expected to reach record levels by the end of the year, eclipsing 100 billion cubic feet per day, according to Rested Energy’s recent analysis.
Production growth from the Haynesville Shale, Appalachian Basin and Permian Basin will solidify the U.S. as the world’s largest gas producer.
The Marcellus, Utica and Haynesville shales are expected to have the biggest impact on increased natural gas production. However, growth in the Marcellus and Utica plays is dependent on the progress of the proposed Mountain Valley Pipeline, which still faces regulatory hurdles. Haynesville production is expected to grow 2.6 Bcfd this year compared to 2021, increasing annual output to more than 14 Bcfd.
Learn more: RigZone > U.S. Gas Output to Hit Record High by End-2022. More Growth in 2023
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Shale FAQ
What is fracking?
Fracking is a slang term for hydraulic fracturing. Fracturing is a process by which highly pressurized fluid is pumped thousands of feet into the ground to fracture rock formations. The goal is to release the natural gas that’s locked inside the rock.
Is it safe?
What most concerns people about fracturing is ground water contamination. The worry is that fractures underground, caused by the process, will extending upwards and into aquifers, releasing gas and chemicals into the ground water supply. There’s been no confirmed reports of such a thing happening. Though surface spills and drill site blowouts can lead to localized environmental concerns.
Will my water catch on fire?
Flammable water is caused by the release of methane gas into a drinking water supply. Methane gas occurs naturally and can be released by any kind of drilling, including water wells. In Pennsylvania officials fined Chesapeake Energy $1 million for contaminating ground water with methane. It was determined that the company had not properly cemented it’s boreholes and gas migrated up the well, between rock and into aquifers.