SOURCE: Industrial Info Resources

Industrial Info Resources

June 03, 2014 06:15 ET

U.S. Natural Gas Production, Proved Reserves Continue Growing, an Industrial Info News Alert

SUGAR LAND, TX--(Marketwired - Jun 3, 2014) - Written by John Egan for Industrial Info Resources (Sugar Land, Texas) -- U.S. natural gas production and proved reserves increased in 2013 compared to 2012, according to preliminary estimate from the American Gas Association (AGA) (Washington, D.C.). And new discoveries and extensions helped producers continue their recent trend of extending the estimated lifetime of proved reserves. At current levels of production, U.S. proved gas reserves will last about 13 years, up from an estimate of nine years in 2000. The broader measure of possible gas reserves shows that the U.S. could have up to 100 years of natural gas.

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