{"id":12364,"date":"2015-09-17T06:41:06","date_gmt":"2015-09-17T11:41:06","guid":{"rendered":"http:\/\/olduvai.ca\/?p=12364"},"modified":"2015-09-17T06:41:06","modified_gmt":"2015-09-17T11:41:06","slug":"is-this-the-end-of-the-u-s-shale-gas-revolution","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=12364","title":{"rendered":"Is This The End Of The U.S Shale Gas Revolution"},"content":{"rendered":"

Is This The End Of The U.S Shale Gas Revolution<\/a><\/h3>\n

While everyone is watching the oil bust, there is another bust going on \u2013 one for natural gas.<\/p>\n

Before there was a boom in oil production in the United States, there was the \u201cshale gas revolution.\u201d That is where we all became familiar with terms like \u201cfracking.\u201d And the Marcellus, Haynesville, and Barnett Shales were famous long before the Bakken or Permian.<\/p>\n

The surge in natural gas production crashed prices, fueling a huge increase in activity in petrochemicals and causing a major switch from coal to natural gas in the electric power industry. Aside from a few brief moments (such as the winter of 2014), natural gas has mostly traded around $4 per million Btu (MMBtu) or lower since the financial crisis of 2008.<\/p>\n

Related:\u00a0Environmental Groups Target Fossil Fuel Production On Federal Lands<\/strong><\/a><\/p>\n

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(Click to enlarge)<\/p>\n

But unlike oil, the boom in shale gas did not stop with plummeting prices. U.S. natural gas production continued to climb. For example, production from the prolific Marcellus Shale \u2013 which spans Pennsylvania, West Virginia and Ohio \u2013 skyrocketed from less than 2 billion cubic feet per day (bcf\/d) in 2009, to arecord-high<\/a>\u00a0of over 16.5 bcf\/d this year. And the dramatic ramp up in production occurred over several years when prices were extremely low.<\/p>\n

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Much of that has to do with the huge innovations in drilling techniques, including fracking and horizontal drilling, which allowed for production to remain profitable despite the downturn in prices. But some of the credit also goes to drillers searching for more lucrative natural gas liquids and crude oil. Dry natural gas is produced in association with oil. With oil prices extremely high, especially in the period between 2010 and 2014, drillers continued to produce natural gas even if they were looking for oil.<\/span><\/div>\n

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…click on the above link to read the rest of the article…<\/p>\n

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\u00a0<\/span><\/div>\n","protected":false},"excerpt":{"rendered":"

Is This The End Of The U.S Shale Gas Revolution While everyone is watching the oil bust, there is another bust going on \u2013 one for natural gas. Before there was a boom in oil production in the United States, there was the \u201cshale gas revolution.\u201d That is where we all became familiar with terms […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[3],"tags":[9110,9109,9108,4363,5332,722,7590],"class_list":["post-12364","post","type-post","status-publish","format-standard","hentry","category-energy-2","tag-bakken-permian","tag-barnett","tag-haynesville","tag-marcellus","tag-oilprice-com","tag-shale-gas","tag-us-shale-gas"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/12364","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=12364"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/12364\/revisions"}],"predecessor-version":[{"id":12365,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/12364\/revisions\/12365"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=12364"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=12364"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=12364"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}