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    Why Is Shale Gas Important PDF

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    Shale gas production has led to a new abundance of natural gas in the United States over the past decade. The U.S. has an estimated 482 trillion cubic feet of unproved technically recoverable shale gas resources and 542 trillion cubic feet of total proved and unproved shale gas resources. U.S. shale gas production has increased 12-fold over the last decade and is expected to continue rising through 2035. Developing domestic shale gas resources means additional jobs, tax and royalty revenues, and payments to landowners.

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    Why Is Shale Gas Important PDF

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    twinkle
    42 views2 pages
    Shale gas production has led to a new abundance of natural gas in the United States over the past decade. The U.S. has an estimated 482 trillion cubic feet of unproved technically recoverable shale gas resources and 542 trillion cubic feet of total proved and unproved shale gas resources. U.S. shale gas production has increased 12-fold over the last decade and is expected to continue rising through 2035. Developing domestic shale gas resources means additional jobs, tax and royalty revenues, and payments to landowners.

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    Shale gas production has led to a new abundance of natural gas in the United States over the past decade. The U.S. has an estimated 482 trillion cubic feet of unproved technically recoverable shale gas resources and 542 trillion cubic feet of total proved and unproved shale gas resources. U.S. shale gas production has increased 12-fold over the last decade and is expected to continue rising through 2035. Developing domestic shale gas resources means additional jobs, tax and royalty revenues, and payments to landowners.

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    Why Is Shale Gas Important PDF

    Uploaded by

    twinkle
    Shale gas production has led to a new abundance of natural gas in the United States over the past decade. The U.S. has an estimated 482 trillion cubic feet of unproved technically recoverable shale gas resources and 542 trillion cubic feet of total proved and unproved shale gas resources. U.S. shale gas production has increased 12-fold over the last decade and is expected to continue rising through 2035. Developing domestic shale gas resources means additional jobs, tax and royalty revenues, and payments to landowners.

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    NATURAL GAS FROM SHALE: Questions and Answers

    Why is Shale Gas Important?


    With the advance of extraction technology, shale gas production has led to a new abundance of natural
    gas supply in the United States over the past decade, and is expected to continue to do so for the
    foreseeable future. According to the Energy Information Administration (EIA), the unproved technically
    recoverable U.S. shale gas resource
    is estimated at 482 trillion cubic feet.1
    Estimated proved and unproved
    shale gas resources amount to a
    combined 542 trillion cubic feet
    (or 25 percent) out of a total U.S.
    resource of 2,203 trillion cubic feet.2

    Shale drilling site in Wyoming. Photo:


    David Mott, U.S. Geological Survey
    Wyoming Water Science Center,
    http://pubs.usgs.gov/fs/2012/3049/
    FS12-3049_508.pdf

    U.S. shale gas production has increased 12-fold over the last
    decade and this trend is expected to continue through at least
    2035 rising from 5 trillion cubic feet per year in 2010 (23 percent
    of total U.S. dry gas production) to 13.6 trillion cubic feet per year
    in 2035 (49 percent of total U.S. dry gas production) see Annual
    Energy Outlook 2012, page 3.

    1 U.S. Energy Information Administration, Annual Energy Outlook 2012, Table 14, Unproved technically recoverable resource assumptions by

    basin, page 57.


    2 U.S. Energy Information Administration, Annual Energy Outlook 2012, Shale gas provides largest source of growth in U.S. natural gas supply,

    page 93.

    NATURAL GAS FROM SHALE: Questions and Answers

    In general, increased domestic production


    of energy resources often results in larger
    supplies and lower prices, a reduced need
    for imports and enhanced U.S. energy
    security. Aside from these benefits,
    developing domestic shale gas resources
    means additional jobs when wells are
    drilled, pipelines are constructed, and
    production facilities are built and operated.
    Shale gas production also means increased
    tax and royalty receipts for state and
    federal governments, and royalty and bonus
    payments to landowners.

    Shale gas is having a beneficial impact on supplies


    and consumer prices for natural gas, as well as
    additional environmental benefits:
    Natural gas provides a quarter of overall
    U.S. energy;
    It is used to generate a quarter of the nations
    electricity. Net generation from natural gas-fired
    power plants increased 35 percent between
    2005-2012, coinciding with a continuous upsurge
    in shale gas supplies;
    Natural gas provides heat for 56 million
    residences and businesses;
    It delivers 35 percent of the energy and
    feedstocks needed by U.S. industry;
    Onshore consists of around 7,000 companies,
    including 2,000 drilling operators and hundreds
    of service companies;
    It directly employs over 2 million Americans
    who earn over $175 billion in labor income;
    Shale gas generates over $250 billion annually
    in government revenue via corporate income
    taxes; severance taxes; royalties on federal
    lands; sales, payroll, property, use and excise
    taxes;
    Combined with the continued displacement/
    retirement of coal power plants, greater shale gas
    use has helped the U.S. achieve approximately
    70 percent of the CO2 reductions targeted under
    the Kyoto Protocol as of 2012; and,

    Developing domestic shale gas resources means additional


    jobs when wells are drilled, pipelines are constructed, and
    production facilities are built and operated.

    According to a 2011 report, the shale gas


    industry supports more than 600,000 American
    jobs today (growing to 870,000 jobs by 2015)
    and contributes $118.2 billion to the nations
    Gross Domestic Product.
    Sources: National Petroleum Council, Prudent Development:
    Realizing the Potential of North Americas Abundant Natural
    Gas and Oil Resources, 2011, Executive Summary, pages
    7 and 16; and Forbes magazine, Surprise Side Effect of
    Shale Gas Boom: A Plunge in U.S. Greenhouse Emissions,
    December 7, 2012; IHS online, report available at http://
    www.ihs.com/info/ecc/a/shale-gas-jobs-report.aspx.

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