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12.01.2012

U.S. Says Gas Output to Rise in 2012, 2013 on Shale Growth

Natural gas production in the U.S. will rise to record levels this year and in 2013 on increased output from shale formations, the government said.

Marketed gas production will average 67.34 billion cubic feet a day this year, up from 65.92 billion last year, the Energy Department said in its monthly Short-Term Energy Outlook, released today in Washington. The department had pegged 2012 output at 67.72 billion in its December report. Production in 2013 was estimated at 68.04 billion cubic feet a day.

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