June 27, 2018 – Reuters
Natural gas execs see 'century of supply' in U.S. shale
By: Ernest Scheyder
WASHINGTON (Reuters) - Natural gas production from U.S. shale fields can keep growing for decades, giving Washington a powerful diplomatic tool to counter the geopolitical influence of other energy exporters such as Russia, industry executives and government officials said at a conference here.
Already the world’s largest gas producer, the United States can expand shale gas output another 60 percent in the coming decades, according to at least one estimate. So far, liquefied natural gas (LNG) has been spared from retaliatory tariffs in U.S. President Donald Trump’s intensifying trade conflicts with China and other countries.
Read the full article here: https://www.reuters.com/article/us-gas-conference-shale/natural-gas-execs-see-century-of-supply-in-u-s-shale-idUSKBN1JN2IA
…Exxon has the most drilling rigs operating in the Permian Basin of West Texas and New Mexico, the second-largest U.S. gas producing region. By 2025, the company wants to more than triple its Permian output to more than 600,000 barrels of oil equivalent per day.
Rising U.S. output has not gone unnoticed by major consumers around the world, with South Korea, China and others eager for stable fuel sources.
“There’s going to be a big difference in the way the global gas market works in the future compared to how it’s worked in the past,” said Rusty Braziel of RBN Energy consultancy.
