Space Travel News  
OIL AND GAS
U.S. shale gas production grows through 2040
by Daniel J. Graeber
Washington (UPI) Jun 8, 2016


disclaimer: image is for illustration purposes only

Natural gas from shale basins in the United States accounts for more than half of the total production through 2040 to support more exports, a report finds.

A review from the Energy Information Administration finds about half of all of the natural gas produced in the United States now comes from shale gas reserves or is associated with so-called tight oil basins, a category that includes shale formations. Much of that comes from lucrative shale beds like the Eagle Ford basin in Texas and the Bakken play in North Dakota.

Natural gas production in North Dakota reached an all-time high in March, the last full month for which data are available, at 1.7 million cubic feet per day.

The EIA's analysis finds that, through 2040, total U.S. production from shale gas and tight oil more than doubles to 29 trillion cubic feet, accounting for about 69 percent of total output of natural gas in the country.

In terms of demand, a shift from coal means the industrial and utility sectors will draw more heavily on natural gas reserves, while exports in the form of liquefied natural gas tug on domestic supplies.

"Drilling technology improvements that are expected to continue through 2040 will help production keep pace with demand," EIA said in its analysis.

The analysis comes during an election year that put energy in focus in the economic platforms outlined by candidates on both sides of the aisle.

Presumptive Republican nominee Donald Trump said in a speech last month from North Dakota that "energy dominance" will be a strategic priority if he's elected president, vowing to clear regulatory hurdles that some critics say inhibits full production potential. For the Democrats, former Secretary of State Hillary Clinton said she'd work to tighten regulations on hydraulic fracturing, a drilling practice used to tap into shale, while at the same time moving the energy mix away from coal. Vermont Sen. Bernie Sanders has vowed to ban hydraulic fracturing, more commonly known as fracking, altogether.

EIA analysis finds domestic gas production passes consumption at a pace that means the United States is a net exporter by 2018. By 2040, net exports will represent about 18 percent of total production.


Thanks for being here;
We need your help. The SpaceDaily news network continues to grow but revenues have never been harder to maintain.

With the rise of Ad Blockers, and Facebook - our traditional revenue sources via quality network advertising continues to decline. And unlike so many other news sites, we don't have a paywall - with those annoying usernames and passwords.

Our news coverage takes time and effort to publish 365 days a year.

If you find our news sites informative and useful then please consider becoming a regular supporter or for now make a one off contribution.
SpaceDaily Contributor
$5 Billed Once


credit card or paypal
SpaceDaily Monthly Supporter
$5 Billed Monthly


paypal only


.


Related Links
All About Oil and Gas News at OilGasDaily.com






Comment on this article via your Facebook, Yahoo, AOL, Hotmail login.

Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle

Previous Report
OIL AND GAS
Shell says it's ready for change
The Hague, Netherlands (UPI) Jun 7, 2016
Royal Dutch Shell is positioning itself as a stronger company as it moves through the market downturn and changing energy landscape, the CEO said Tuesday. "I see important opportunities for Shell from the substantial and lasting changes underway in the energy sector," CEO Ben van Beurden said in a statement. Shell said it was leaving oil and gas operations in as many as 10 countr ... read more


OIL AND GAS
EchoStar XVIII and BRIsat are installed on Arianespace's Ariane 5

SpaceX makes fourth successful rocket landing

Arianespace to supply payload dispenser systems for OneWeb constellation

UK's First Spaceport Could Be Beside the Sea

OIL AND GAS
Red and Golden Planets at Opposition

Opportunity investigating soil exposed by rover wheel

Mars makes closest approach to Earth in 11 years

SwRI scientists discover evidence of ice age at Martian north pole

OIL AND GAS
Airbus Defence and Space to guide lunar lander to the Moon

A new, water-logged history of the Moon

Russian Firm Develops Project of Reusable Spacecraft for Lunar Missions

SwRI scientists discover fresh lunar craters

OIL AND GAS
Theft behind Planet 9 in our solar system

Study suggests Planet 9 is stolen exoplanet

New Horizons' Best Close-Up of Pluto's Surface

Close encounters of a tidal kind could lead to cracks on icy moons

OIL AND GAS
Astronomers find giant planet around very young star

Planet 1,200 Light-Years Away Is Good Prospect for a Habitable World

Kepler-223 System Offers Clues to Planetary Migration

Star Has Four Mini-Neptunes Orbiting in Lock Step

OIL AND GAS
Understanding today's rocket engine market

Russia to Create New Powerful Plasma Rocket Engine

Roscosmos Proposes International Team to Create Super-Heavy Carrier Rocket

Australian, U.S. HIFiRE rocket achieves Mach 7.5

OIL AND GAS
Bolivia to pay back loan to China for Tupac Katari satellite

NASA Chief: Congress Should Revise US-China Space Cooperation Law

Chine's satellite industry eyes global satellite market

China launches new satellite for civilian hi-res mapping

OIL AND GAS
Comet Churyumov-Gerasimenko contains ingredients for life

NASA's OSIRIS-REx mission will have a map for that

NASA Begins Launch Preparations for the First U.S. Asteroid Sampling Mission

The Book on the Birthplace of Planetary Science









The content herein, unless otherwise known to be public domain, are Copyright 1995-2024 - Space Media Network. All websites are published in Australia and are solely subject to Australian law and governed by Fair Use principals for news reporting and research purposes. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA news reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. All articles labeled "by Staff Writers" include reports supplied to Space Media Network by industry news wires, PR agencies, corporate press officers and the like. Such articles are individually curated and edited by Space Media Network staff on the basis of the report's information value to our industry and professional readership. Advertising does not imply endorsement, agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. General Data Protection Regulation (GDPR) Statement Our advertisers use various cookies and the like to deliver the best ad banner available at one time. All network advertising suppliers have GDPR policies (Legitimate Interest) that conform with EU regulations for data collection. By using our websites you consent to cookie based advertising. If you do not agree with this then you must stop using the websites from May 25, 2018. Privacy Statement. Additional information can be found here at About Us.