Barnett Formation Production Peaked in 2012, Set to Fall in Next Decades

Bloomberg reported that a recent study indicated that production from the second largest natural gas resource in Texas, the Barnett Formation reached a peak in 2012 and is expected to fall by half in the next 17 years.

As quoted in the market report:

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.

To view the whole Bloomberg report, click here.