UNIVERSITY PARK, Pa. — Natural gas production trends, both regional and national, will be the subject of a web-based seminar offered by Penn State Extension at 1 p.m. on Thursday, Sept. 26.
In the webinar, Matt Henderson, with Henderson Consulting, will discuss current production levels and provide insight into what the future holds.
“We are a decade into the shale revolution — both in the United States and here in Appalachia — and production levels continue to exceed even the most optimistic of early projections,” he said. “Yet, producers face significant and sustained price suppression and a changing energy landscape as they pursue both infrastructure deployment and increased market access.”
In the past month, the U.S. Energy Information Administration reported a new daily natural gas production record of 92.1 billion cubic feet per day, despite relatively low spot prices, Henderson noted. In 2018, U.S. petroleum and natural gas production increased 16% and 12% respectively, becoming one of the largest petroleum and natural gas production increases from a single country in history.
“This webinar will explore whether these production trends can continue and analyze emerging challenges the industry is facing, offering what should be expected in the months and years to come,” Henderson said.
The webinar is free, but registration is necessary. To register, visit the website or call 877-345-0691. For more information, contact Carol Loveland at 570-320-4429 or at cal24@psu.edu.
The next presentation in Penn State Extension's shale-gas webinar series will be Oct. 17. It will explore the process of pipeline construction, from pre- to post-construction. Doug Speerstra, from Energy Transfer, will be featured in that session.
Previous webinars, publications and information also are available on the Penn State Extension natural-gas website, covering a variety of topics, such as liquid natural gas; seismic testing; methane emissions; water use and quality; Marcellus and Utica basins; natural gas reserves; gas-leasing considerations for landowners; legal issues surrounding gas development; and the impact of Marcellus gas development on forestland.