FERC: 2010-2011 Winter Energy Market Assessment
The Federal Energy Regulatory Commission (FERC) has published its winter energy market assessment for 2010-2011. It shows domestic natural gas production growth:
And comments:
Shale gas development has turned the economics of drilling for gas on its head. The cost of developing shale gas has declined and well productivity has increased as drillers gained experience with the new technology. In some instances, the time needed to drill a shale gas well has plunged from weeks to just days. This has driven down breakeven costs for most gas shales to less than $4/MMBtu, and even lower where natural gas liquids such as propane, ethane and butane are present.
