Rystad Says Gas Boom Coming to M-U and Haynesville Starting 2022

Recently the U.S. EIA (Energy Information Administration) predicted natural gas production in 2021 will increase, slightly, over 2020's dismal performance (see EIA STEO Predicts NatGas Supply Goes Up, Demand Stays Down in 2021). Last year U.S. production was 90.8 billion cubic feet per day (Bcf/d). EIA predicts this year production will hit 91.4 Bcf/d, still less than the all-time high of 92.1 Bcf/d hit in 2019. Another number cruncher, Rystad Energy (independent energy research and business intelligence company headquartered in Oslo, Norway) has a different prediction for U.S. production this year, sinking lower than last year to 89.7 Bcf/d. But hang on, because a boom is coming, says Rystand, just around the corner.

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