North America Unconventional Gas Industry - Set to Regain Momentum Post Current Crisis

London, United Kingdom (PressExposure) December 11, 2009 -- The The North American natural gas industry is expected to witness a steady growth in production from 72.4 Bcf/d in 2008 to 82.1 Bcf/d in 2020, at an AAGR of 1.2%. The unconventional natural gas is expected to account for 52% of the total production in 2020. In US, the unconventional natural gas already accounts for approximately 50% of the production. By 2020, the share is expected to increase to 58%. In Canada, the unconventional natural gas production is expected to account for 30% of the production in 2002, up from approximately 5% share in 2008.

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Shale gas plays are expected to be the prime drivers of growth in North America’s natural gas production. The six major shale gas plays in North America namely Antrim, Barnett, Woodford, Haynesville, Fayetteville, Marcellus and Horn River are together expected to produce approximately 19.6 Bcf/d in 2020 with over 50% of this production coming from Haynesville and Barnett shale plays.

The shale plays have attracted huge investments from the industry in terms of both M&A activity and expenditures in leasing activity. In 2008, different companies invested over $28 billion in acquiring different shale gas properties, with XTO energy being the most aggressive acquiring. The company invested over $15 billion in acquiring different shale properties in the US.

However, in 2008 the total investment in the Shales till date has dropped immensely to just over $5 billion. The investment is expected to pick up again as the world recovers from the current economic slowdown. The M&A activity in the plays is expected to surge with gas prices stabilizing in the range of $6 to $7 per Mcfe.

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The expected development of shale gas plays in Canada will help the country to compensate for the decline in the natural gas production from conventional fields. The overall shale production in the country is expected to reach approximately 4.0 Bcf/d in 2020 with Horn River shale being the largest unconventional play in the country. Other major increase in shale production is expected to come from Montney shale. Utica in Quebec is also expected to witness some increased activity.

GBI Research’s new report, “North America Unconventional Gas Industry - Set to Regain Momentum Post Current Crisis”, provides an in-depth analysis the unconventional natural gas industry in North America, detailing the major sources and key challenges and prospects for their development. The report provides an outlook for the overall natural gas industry in North America (the US and Canada) with forecasts till 2020, analyzing the growing importance of unconventional natural gas production in the industry. The report provides detailed analysis of 7 major shale gas plays and 2 major Coal Bed Methane (CBM) basins in North America analyzing the drilling details, cost trends, historical forecast and major players in each play. The report also provides the production forecast for each of these plays to 2020.

For more information on this report please click or add this link to your browser: http://www.globalbusinessintelligence.com/ReportView.aspx?DocID=1529

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Press Release Submitted On: December 11, 2009 at 1:13 am
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