Graphic: US Shale Gas Production Boom
Shale gas production is going gangbusters: transforming US, and potentially global, energy politics and economics.
The US has led the charge through application of new drilling and cracking techniques. US gas production in 2011 experienced the greatest annual growth ever – 7.8% – largely due to shale gas production growth.
The graphic below, from the EIA, demonstrates the extent of shale gas production growth (by basin):
It is curious to note the relatively minor position of the Bakken shale for gas when compared to the others. The Bakken Shale is the one likened by the EIA to the Cooper Basin in Australia – which is the main one that people get excited about down under.