How much shale gas is produced?
The U.S. Energy Information Administration (EIA) estimates that in 2020, U.S. dry shale gas production was about 26 trillion cubic feet (Tcf), and equal to about 78% of total U.S. dry natural gas production in 2020.
What is NGI in natural gas?
Natural Gas Intelligence (NGI), is a leading provider of natural gas and shale news/market data to the energy industry.
Who is the largest producer of shale gas?
The United States
First, The United States is by far the most dominant producer of both shale gas and tight oil. Canada is the only country of both shale gas and tight oil producer. On the other hand, China is the only other country to produce only shale gas. On the other hand, Argentina is the only other country to produce shale oil.
What is the current most productive shale gas play in the US?
Texas and New Mexico’s Permian Basin is the most prolific U.S. shale play – and indisputably one of the most important plays in the world.
How long will shale gas last?
Assuming the same annual rate of U.S. dry natural gas production in 2019 of nearly 34 Tcf, the United States has enough dry natural gas to last about 84 years. The actual number of years the TRR will last depends on the actual amount of dry natural gas produced and on changes in natural gas TRR in future years.
Why is shale gas bad?
But US researchers found that shale gas wells leak substantial amounts of methane, a potent greenhouse gas. This makes its climate impact worse than conventional gas, they say – and probably worse than coal as well.
What does NGI mean?
Next Generation Identification (NGI) — FBI.
Which country has the largest deposit of shale gas?
Based on existing reports, China may have 30 trillion cubic metres of shale gas reserves. In a 2011 report, the US Energy Information Administration estimated that China had 1,275 trillion cubic feet of recoverable shale gas, the largest reserves of all countries surveyed in that report.
How big is the Barnett Shale?
approximately 2691 square miles
The Barnett-Woodford shale gas play is located in the Permian Basin in West Texas and has an area of approximately 2691 square miles and ranges from 5100 to 15,300 feet deep and 400–800 feet thick with an estimated recovery of approximately 32.2 trillion cubic feet (32.2 × 1012 ft3) of technically recoverable gas.
How long will US fracking last?
Fracking is a temporary process that occurs after a well has been drilled and usually takes only about 3-5 days per well. Sometimes, wells are re-fracked to extend their production, but the energy each well can produce may last for 20 to 40 years.
What was the price of natural gas on Labor Day?
NGI’s Weekly Spot Gas National Avg. for the Sept. 7-10 period jumped 63.0 cents to $4.995, with the Labor Day holiday on Monday compressing the trading week by a day. Conditions were stifling across the West during… “There’s been a lot of talk about a downturn in the Mexican energy industry but I don’t necessarily see it that way.
What’s the price of natural gas in Nymex?
Natural gas futures surged higher in early trading Monday as traders and analysts gauged the potential energy impacts of another tropical cyclone bearing down on the Gulf Coast in the wake of Hurricane Ida. As of around 8:50 a.m. ET, the October Nymex contract had rallied 23.8 cents to $5.176/MMBtu.
What do you need to know about natural gas intelligence?
Natural Gas Intelligence (NGI), is a leading provider of natural gas, shale news and market information for the deregulated North American natural gas industry. Since the first issue of Natural Gas Intelligence was published in 1981, NGI has provided key pricing and data relied upon daily by thousands of industry participants in…
How is the natural gas industry in Texas doing?
The Texas energy sector is making substantial progress to reduce methane emissions, with flared natural gas volumes down by almost three-quarters between June 2019 and May, according to an industry-backed report. The Texas Methane & Flaring Coalition on Wednesday issued the first edition of its Methane & Emissions Report.
