Friday, December 1 2023 Sign In   |    Register

News Quick Search



Front Page
Power News
Gas News
Today's News
Yesterday's News
Week of Nov 27
Week of Nov 20
Week of Nov 13
Week of Nov 06
Week of Oct 30
By Topic
By News Partner
News Customization


Pro Plus(+)

Add on products to your professional subscription.
  • Energy Archive News

    Home > News > Gas News > News Article

    Share by Email E-mail Printer Friendly Print


    September 15, 2023 - States News Service


      The following information was released by the American Gas Association:

      Future natural gas supplies in the United States are at their highest reported level on record.

      Today, the Potential Gas Committee (PGC) released their year-end assessment of the nation's estimated natural gas resource base, "Potential Supply of Natural Gas in the United States," at an event hosted by the American Gas Association. Experts from the PGC presented on the current state of technically recoverable reserves in the United States, providing valuable information on a region-by-region basis.

      Future gas supply totals 3,978 trillion cubic feet in 2022, an increase of 3.6 percent from the comparable year-end estimate in 2020. Technically recoverable resources of natural gas, those in the ground but not yet recovered, total 3,352 trillion cubic feet (Tcf) in 2022, according to the PGC assessment. An independent assessment of proved reserve volumes of 625 Tcf brings total future supply to the highest level assessed in the 59-year history of the PGC.

      The PGC biennial assessment is the most comprehensive report of the potential for future natural gas supplies in the U.S. The PGC is made up of approximately 80 knowledgeable and highly experienced volunteer members who work in the natural gas exploration, production, transportation, and distribution industries and the technical services and consulting sectors.

      The Potential Gas Committee assesses the natural gas resource potential for each of 90 geologic provinces comprising six geographic areas of the Lower 48 States and Alaska, 56 of which are onshore and 34 offshore. The assessments capture the status of a dynamic system of drilling and appraisal where potential natural gas resources transition into proved reserves and eventually into flowing natural gas production.

      The PGC's assessment of Traditional resources for year-end 2020 to year-end 2022 reported a decrease of 15 Tcf, while Future Gas Supply, which includes additions or subtractions to proved reserves, increased by 137 Tcf. Adding current future supply (3,978 Tcf) to cumulative production (1,554 Tcf) changes the Ultimate Recoverable Resource to 5,532 Tcf, an increase of 213 Tcf (4.0 percent) from year-end 2020.

      "These evaluations are critically important to help ensure that policymakers, regulators and other key stakeholders understand the potential of natural gas supplies in the United States. Future gas supplies continue to increase as the energy industry innovates, improves processes, optimizes resources, invests in efficiency, and reduces emissions," said Richard Meyer, AGA Vice President of Energy Markets, Analysis, and Standards. "However, to fully realize the potential of this natural gas supply, new infrastructure will be required to connect production zones to demand centers."


    Other Articles - Generation


       Home  -  Feedback  -  Contact Us  -  Safe Sender  -  About Energy Central   
    Copyright © 1996-2023 by CyberTech, Inc. All rights reserved.
    Energy Central® and Energy Central Professional® are registered trademarks of CyberTech, Incorporated. Data and information is provided for informational purposes only, and is not intended for trading purposes. CyberTech does not warrant that the information or services of Energy Central will meet any specific requirements; nor will it be error free or uninterrupted; nor shall CyberTech be liable for any indirect, incidental or consequential damages (including lost data, information or profits) sustained or incurred in connection with the use of, operation of, or inability to use Energy Central. Other terms of use may apply. Membership information is confidential and subject to our privacy agreement.