Natural Gas Production Falls in 2016, Looks to Rebound in 2017

Over the past decade, the “shale revolution” has redefined natural gas production in the United States.  The combination of advancements in hydraulic fracturing (fracking) and horizontal drilling opened up numerous new drilling basins in shale rock formations, increasing production nearly 50 percent in the process and driving prices lower for both natural gas and crude…

Gas Plays Getting Critical Pipeline Relief

Even since the price collapse started in 2014, natural gas production in the Marcellus has increased nearly 15% to 18.3 Bcf/d, with output in the neighboring Utica up 130% to 4.1 Bcf/d. These two northeast shale plays are almost single handedly reversing the U.S. gas market to flow more north to south, east to west.…

Globalizing Natural Gas Production

Today, only about 33% of all natural gas used is traded internationally, versus 66% for oil. Gas has typically been sold in three regionalized markets with different contract structures; North America (hub-based), Asia Pacific (oil-indexed), and Europe (hub-based and oil-indexed). But, the sale of LNG is transforming natural gas from a national product into a…