Barnett Shale Gas Output on Decline After 2012 Peak, Study Says
This article is for subscribers only.
Natural gas production from the Barnett Shale formation in Texas, the second-largest U.S. gas resource, peaked in 2012 and will fall by more than half in the next 17 years, according to a University of Texas study.
Annual output from the Barnett Shale will decline to about 900 billion cubic feet in 2030 from about 2 trillion cubic feet in 2012, the Bureau of Economic Geology at the University of Texas in Austin said in a report today.