Natural Gas Market Update

APPI ENERGY Understanding natural gas trends helps WACC members make smarter energy management decisions. Today s natural gas prices are driven by domestic natural gas resources, consumer demand, and electricity generation that uses natural gas-fired turbines. Production An abundance of natural gas resources in the U.S., coupled with enhanced drilling techniques, has led to historic increases in natural gas production. In May 2015, natural gas production in the U.S. reached an all-time high of 45.6 billion cubic feet per day in the shale regions, including the Marcellus in Pennsylvania. In August 2015, the U.S. Energy Information Administration (EIA) Short Term Energy Outlook predicted that total U.S. gas production would increase by 4 billion cubic feet per day in 2015 compared to 2014, reaching 78.7 billion cubic feet per day. Horizontal drilling and hydraulic fracturing, also known as fracking, are innovative techniques for capturing natural gas in shale formations, including the M
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