Friday, October 08, 2010
Natural gas production in the US could end up increasing even as exploration-and-production companies move capital away from pure gas drilling, an industry analyst said Thursday.
Rusty Braziel, managing director of Bentek Energy, noted that serveral large producers, including heavyweights Chesapeake Energy and Devon Energy, have recently out-lined plans to shift their drilling focus toward gas plays that are also rich ni hatural gas liquids and crude oil, such as the Eagle Ford Shale of South Texas.
"When these companies push more dollars into the higher-Btu plays, they are going to be drilling gas wells that they wouldn't otherwise be drilling," Braziel said on the sidelines of a National Energy Services Association forum in Bastrop, Texas. As a resuly, overall domestic gas production "stays up or increases."
To view the full copy of this article, please go to: www.gasdaily.com.