U.S. & Canada Lead World in Shale Gas Production

natural gas

It’s official — the U.S. government’s authoritative Energy Information Administration has confirmed that the world’s three leading shale gas producers are U.S., Canada, and China, respectively.

In a 23 October report entitled ”North America leads the world in production of shale gas” the EIA reports, “The United States and Canada are the only major producers of commercially viable natural gas from shale formations in the world, even though about a dozen other countries have conducted exploratory test wells” and that China is the only nation outside of North America that has registered commercially viable production of shale gas, although the volumes contribute less than 1 percent of the total natural gas production in that country. In comparison, shale gas as a share of total natural gas production in 2012 was 39 percent in the United States and 15 percent in CanadaThis is not the whole global story, however.

According to the “Technically Recoverable Shale Oil and Shale Gas Resources: An Assessment of 137 Shale Formations in 41 Countries Outside the United States” analysis prepared by Advanced Resources International for the EIA, in comparison with 2011 figures, 41 countries were assessed to have recoverable shale gas reserves, up from 32 two years ago. The number of basins with recoverable shale reserves increased from 41 in 2011 to 48 in 2013, and the number of formations containing shale gas nearly doubled in the same time period, from 69 in 2011 to 137 in 2013. Worldwide, estimates of “technically recoverable resources” of shale gas also increased from 6,622 trillion cubic feet in 2011 to 7,299 tcf two years later. Shale/”tight oil” estimates also rose, more than 1,000 percent, from 32 billion barrels in 2011 to an impressive 345 bb.