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    market news

    EIA Slightly Lifts US Natgas Output Growth Estimate

    Investing News Network
    Aug. 10, 2011 11:35AM PST
    Oil and Gas Investing

    Reuters Africa reports that the U.S. Energy Information Administration raised 2011 estimate for domestic natural gas production to 6 percent from 2010 levels.

    Reuters Africa reports that the U.S. Energy Information Administration raised 2011 estimate for domestic natural gas production to 6 percent from 2010 levels.

    The market news is quoted as saying:

    Gas production has been growing steadily since 2005, primarily because of the boom in horizontal drilling in onshore unconventional shale formations.

    Click here to access the entire news

    market newshorizontal drilling
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