View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. Comment
February 2, 2018

US gas production will continue to grow into 2021

GlobalData’s latest analysis of US natural gas production expects the country’s production to grow to 86 billion cubic feet per day (bcfd) by 2021.

By Chris Lo

GlobalData’s latest analysis of US natural gas production expects the country’s production to grow to 86 billion cubic feet per day (bcfd) by 2021.

Exxon Mobil Corporation will drive the gas production with 3.5% share of US gas production in 2021. EQT Corporation will follow with 3.3%. By 2021, the US will have 871 producing gas projects, as well as 764 oil projects that will produce associated gas.

The US is expected to spend $190.3bn as capex on conventional and unconventional gas projects during 2018 to 2021, with spending topping out in 2018 at $45.7bn. The average full-cycle capex per barrel of oil equivalent for the US conventional gas projects is $8.30. The value is higher for unconventional gas projects, at $18.50 per boe.

Production and capex of gas projects in the US, 2018-2021

Source: GlobalData Upstream Analytics

Related Companies

NEWSLETTER Sign up Tick the boxes of the newsletters you would like to receive. The top stories of the day delivered to you every weekday. A weekly roundup of the latest news and analysis, sent every Friday. The industry's most comprehensive news and information delivered every month.
I consent to GlobalData UK Limited collecting my details provided via this form in accordance with the Privacy Policy
SUBSCRIBED

THANK YOU

Thank you for subscribing to Offshore Technology