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Shales Helping Make United States Largest NatGas Producer This Year
Production from the eastern United States, including the powerhouse Marcellus Shale, will help make the country the world’s top producer of natural gas this year, ahead of Saudi Arabia, the Energy Information Administration (EIA) said Friday.
The United States will also surpass Russia to be the world’s largest petroleum producer, EIA said.
“Since 2008, U.S. petroleum production has increased 7 quadrillion Btu, with dramatic growth in Texas and North Dakota,” said EIA. “Natural gas production has increased by 3 quadrillion Btu over the same period, with much of this growth coming from the eastern United States. Russia and Saudi Arabia each increased their combined hydrocarbon output by about 1 quadrillion Btu over the past five years.”
Production growth in the Lone Star state continues to increase, with robust crude oil production in August lifting the Texas Petro Index to its second consecutive monthly record, while the state’s oil and gas industry charted a new record as well, according to economist Karr Ingham (see Shale Daily, Oct. 3). North Dakota’s robust oil production is racing toward the 900,000 b/d level and could hit 1.6 million b/d by 2017, according to Lynn Helms, director of that state’s Department of Mineral Resources (see Shale Daily, Oct. 1).
The United States produced more natural gas than Russia last year and will produce even more this year, while Russian production will be down compared to 2012, EIA said. U.S. petroleum production is expected to increase for a fifth consecutive year.
For the United States and Russia, total petroleum and natural gas hydrocarbon production, in energy content terms, is almost evenly split between petroleum and natural gas, EIA said. Saudi Arabia’s production, on the other hand, heavily favors petroleum.
“Comparisons of petroleum and natural gas production across countries are not always easy,” the agency said. “Differences in energy content of crude oil, condensates and natural gas produced throughout these countries make accurate conversions difficult. There are also questions regarding the inclusion of biofuels and refinery gain in the calculations.
“Total petroleum and natural gas hydrocarbon production estimates for the United States and Russia for 2011 and 2012 were roughly equivalent — within 1 quadrillion Btu of one another. In 2013, however, the production estimates widen out, with the United States expected to outproduce Russia by 5 quadrillion Btu.”
The United States claimed the title in 2012 for the leading production growth for not only natural gas but also oil, boosted by its considerable unconventional stores, according to BP plc’s recent annual benchmark of global energy resources (see Shale Daily, June 13). Global natural gas production grew by 1.9% in 2012, and the United States (4.7%-plus) “once again recorded the largest volumetric increase and remained the world’s largest producer,” BP said.
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