A study conducted by the University of Texas on the Barnett Shale suggests that the Barnett Shale, located in north Texas, will continue to be a major producer of natural gas in the U.S. until at least 2030. The study predicts Barnett Shale will show slowly declining production through 2030 and beyond and a total recovery rate of more than three times the cumulative production to date.
The study was conducted by the Bureau of Economic Geology at The University of Texas at Austin and funded by the Alfred P. Sloan Foundation. Scott Tinker, director of the BEG and co-principle investigator for the study, said the Barnett Shale is most likely reaching the height of its production.
Currently, the Barnett Shale is producing about 2 trillion cubic feet of natural gas each year and has produced about 13 trillion cubic feet so far. Tinker said the formation is likely to produce around 30 trillion cubic feet more natural gas.
The BEG will be completing studies of the Marcellus, Haynesville and Fayetteville shale gas basins by the end of the year.
Read more natural gas news