Is U.S. Shale Oil & Gas Production Peaking? Part I: Gas Production

by Tad Patzek. Part I of this post shows my calculations of ultimate gas recovery from the Barnett, Fayetteville, Haynesville and Marcellus shales. They might deliver 6-7 years of natural gas consumption in the U.S. in 2015, or might deliver only 3 years worth of U.S. gas consumption. In Part II, I will show my calculations of ultimate recovery of oil and gas in the Eagle Ford and Bakken shales that ultimately might deliver 6-12 months of additional gas consumption. I will also discuss the physical reasons for the negative impact oil production from these two shales has had on global oil prices.

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