10222019Tue
Last updateTue, 22 Oct 2019 7pm

End-User News

American Gas Supply Now 20% Larger

The Potential Gas Committee (PGC) released the results of its latest biennial assessment of the nation’s natural gas resources, which indicates that the U.S. possesses a total mean technically recoverable resource base of 3,374 trillion cubic feet (Tcf) as of year-end 2018. This is the highest resource evaluation in the committee’s 54-year history, exceeding the previous high assessment (from year-end 2016) by 557 Tcf (increase of about 20%). This is also the largest two-year increase in absolute resources between evaluations in the PGC history. The increase resulted from reassessments of shale gas resources in the Atlantic and Mid-Continent areas and conventional and tight gas in the Mid-Continent and Rocky Mountain areas.

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