Thursday, February 28, 2013
While some other analysts and environmental groups contend US shale gas production is a bubble that will soon burst, Bentek Energy believes the country's natural gas output will grow in 2013-2014, analyst Ryan Smith said Thursday.
"There are a lot of shops out there that are saying production is going to decline. We take a contrary point of view," he said.
US dry gas production growth will persist despite the fact gas-directed rig counts are down 1,054 rigs (72%) from the September 2009 peak, Bentek said in its 2013-2014 Outlook on Natural Gas Production.
Bentek, a unit of Platts, said it also expects 2013 and 2014 gas production to increase by a cumulative 5.4 Bcf/d. The growth will result from new gas gathering systems in areas constrained by a lack of infrastructure, producers taking advantage of higher returns from liquids and oil-rich plays that produce associated gas, and improving rig efficiencies.
To read the complete article, go to www.platts.com.