Barnett Formation Production Peaked in 2012, Set to Fall in Next Decades
Investing News Network - February 28th, 2013
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.
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.