Energy Forecasting: Shale Gas

Is uncertainty about shale gas and future U.S. natural gas production complicating your planning? Hear two analysts give their take.        

The abundance of shale gas resources has transformed the U.S. energy market and is creating new opportunities for industry, electricity generation and exports. Yet uncertainty surrounding prices, technology and other areas is complicating long-term planning projections. In 60 minutes, the U.S. Energy Administration’s John Staub will bring you up to date on the growth of dry natural gas from shale formations and how it contributes over 60 percent of the total U.S. natural gas production in 2017—up from only 10 percent in 2007. You’ll learn how the abundance of natural gas is creating new opportunities for industry, electricity generation and exports. You’ll also explore the methodology for answering questions related to the uncertainty surrounding the resource size and the distribution of production costs. Research scientist Svetlana Ikonnikova will focus on the role of technology, geology, and uncertainty. You’ll learn how an accurate forecast of future production requires an understanding of per well recovery and its change over time in different geologic conditions and the role of resource economics in the resource development. How does economics and experience help in an understanding of technology-related changes in per–well productivity? What is the role played by the improved geologic reservoir characterization? How does the production outlook for the shale gas future look under various energy prices scenarios?  Get the answers here.

Take a look at your agenda:

• How shale gas is changing the energy landscape and the implications 
• 2 issues you must understand to forecast future production
• How energy prices impact the production outlook for the shale gas future
• The methodology being used for long-term planning