US Shale Gas Continues New Production Records
The U.S. is rewriting the global energy playbook — natural gas output is set to soar past 100 bcfd, outpacing Russia and reshaping global supply chains. Discover how America’s shale surge is redefining energy power and fueling a new economic edge.
Rystad Energy's analysis demonstrates that, US natural gas production is expected to hit a record high of more than 100 bcfd by the end of the year.
Production growth in major US gas-producing basins and associated gas production in the Permian will cement the country's position as the world's largest gas producer, stretching its lead over Russia.
US Natural Gas Production to Hit a Record High
Within shale gas players, the Marcellus, Utica, and Haynesville are set to contribute the most. Rystad Energy expects production from Haynesville alone to grow by 2.6 bcfd this year compared with 2021, pushing annual output to more than 14 bcfd. Production from the basin is forecast to jump next year as well, reaching 17.2 bcfd by the end of 2023.
The company noted, however, that growth in the Appalachia basin remains entirely dependent on the progress of the proposed Mountain Valley Pipeline, which faces significant legal hurdles.
The recent surge in global natural gas prices pushes US exploration and production companies to increase investment to take advantage of competitive breakeven costs.
A well-documented supply shortage in Europe is pushing up prices on the continent amid efforts to ease reliance on Russian gas. Given the…
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