Wednesday, December 06, 2017 5:38:51 AM
EIA's domestic gas forecasts have been notionally reliable over the past several years. Increased consumption and exports should keep supplies relatively tight, and prices reasonably strong.
Bernstein Research published a report in May ("Inventory a plenty in Appalachia- we estimate at least 20 years of drilling remain") that predicted 19-37 years of Marcellus-Utica "inventory at a steady-state production profile of 36 Bcfd"---current production is about 24 bcf/d. I know of no other oil or gas field in the history of the world with a trajectory of increasing production for so long.
Gas production has increased since January, and the EIA forecasts that this will continue through 2018. Yet, EIA data also indicates continuing tight supply. That is because demand is increasing while pipeline and LNG exports are increasing.
https://www.forbes.com/sites/arthurberman/2017/07/05/shale-gas-is-not-a-revolution/#7a0f493431b5
cc
Bernstein Research published a report in May ("Inventory a plenty in Appalachia- we estimate at least 20 years of drilling remain") that predicted 19-37 years of Marcellus-Utica "inventory at a steady-state production profile of 36 Bcfd"---current production is about 24 bcf/d. I know of no other oil or gas field in the history of the world with a trajectory of increasing production for so long.
Gas production has increased since January, and the EIA forecasts that this will continue through 2018. Yet, EIA data also indicates continuing tight supply. That is because demand is increasing while pipeline and LNG exports are increasing.
https://www.forbes.com/sites/arthurberman/2017/07/05/shale-gas-is-not-a-revolution/#7a0f493431b5
cc
which ever way the HERD goes....GO the other way
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