ARTICLE FROM OIL AND GAS JOURNAL - SEEMS TO BE GOOD NEWS FOR SHALE NATURAL GAS OUTLOOK

Drilling / Production

Ziff: US unconventional gas share to leap

Guntis Morits
OGJ Production Editor

HOUSTON, Apr. 12 -- Ziff Energy Group forecasts unconventional gas production will supply 53% of US gas needs by 2020, up from 30% in 2000.
Ziff Energy's Shale Gas Outlook to 2020 says shale gas production in 2008 was more than 5 bcfd (8% of North American gas production), with 70% coming from the Barnett shale in the Fort Worth basin of Texas.
In the future, the report sees increased gas coming from the Barnett, Fayetteville, and Woodford shales as well as many other plays such as the Haynesville, Marcellus, Horn River, Utica, and Gothic.
The report expects in 2020 that North America will produce 87 bcfd compared with 70 bcfd in 2000