Natural Gas: A Growing Resource
- 9 years ago
Enabling a New Energy Paradigm
The development of new extraction techniques such as well stimulation and horizontal drilling has meant that shale gas, which was previously uneconomical to produce, can be brought to market. In 2013, surging energy output made headlines as the U.S. Energy Information Administration announced the nation was on a path to be the world’s largest producer of oil and gas within a year. This remarkable turn of events unfolded in just a decade as the exploration of shale-rock formations grew in nearly every region of the U.S., from Texas and North Dakota to the Midwest and Northeast.
This rapid increase in production, made possible by improved techniques, has resulted in historically low natural gas prices in the U.S. Because of plentiful, low-cost natural gas and the existing infrastructure of pipelines, compressor stations and other equipment, it is expected that natural gas will power the vast majority of new electric generation capacity to be installed in the U.S. during the next 25 years.
Read More: http://3blmedia.com/News/Natural-Gas-Growing-Resource
© 2014 | 3BL Media/Caterpillar Inc | All Rights Reserved
The development of new extraction techniques such as well stimulation and horizontal drilling has meant that shale gas, which was previously uneconomical to produce, can be brought to market. In 2013, surging energy output made headlines as the U.S. Energy Information Administration announced the nation was on a path to be the world’s largest producer of oil and gas within a year. This remarkable turn of events unfolded in just a decade as the exploration of shale-rock formations grew in nearly every region of the U.S., from Texas and North Dakota to the Midwest and Northeast.
This rapid increase in production, made possible by improved techniques, has resulted in historically low natural gas prices in the U.S. Because of plentiful, low-cost natural gas and the existing infrastructure of pipelines, compressor stations and other equipment, it is expected that natural gas will power the vast majority of new electric generation capacity to be installed in the U.S. during the next 25 years.
Read More: http://3blmedia.com/News/Natural-Gas-Growing-Resource
© 2014 | 3BL Media/Caterpillar Inc | All Rights Reserved