According to the EIA (U.S. Energy Information Administration, our favorite government agency), in the coming month of September, the U.S.’s seven major shale plays will produce a combined 82.4 billion cubic feet per day (Bcf/d) of natural gas, and 8.8 million barrels of oil per day–a brand new record high for each. However, the rate of growth for both is finally starting to slow from the previous blistering pace we’ve seen over the past year or so.
According to the EIA (U.S. Energy Information Administration, our favorite government agency), in the coming month of September, the U.S.’s seven major shale plays will produce a combined 82.4 billion cubic feet per day (Bcf/d) of natural gas, and 8.8 million barrels of oil per day–a brand new record high for each. However, the rate of growth for both is finally starting to slow from the previous blistering pace we’ve seen over the past year or so.