US NatGas Production Will Grow 59% by 2050 Thx to M-U
In February our favorite government agency, the U.S. Energy Information Administration, issued its Annual Energy Outlook 2018 report (full copy below). This week the eager beavers at EIA culled through that report to highlight important information about U.S. natural gas production. In a Today in Energy post on Monday, the EIA made some startling observations. EIA predicts that U.S. natural gas production will grow 59% from 2017 to 2050, starting at 73.6 billion cubic feet per day (Bcf/d) in 2017 and reaching 118 Bcf/d in 2050. Massive! They also say that most of the projected production growth comes from the Marcellus/Utica region. However, as MDN has pointed out repeatedly in recent months, "associated natural gas" from the Permian region in Texas and New Mexico will also be a significant contributor to overall natgas production growth in the coming 30 years. Here are some intriguing insights into predictions made by some of the best number crunchers in the business...
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