Why U.S. Gas Production Is Growing So Fast ...Middle East

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Why U.S. Gas Production Is Growing So Fast
U.S. natural gas production is booming. The country is pumping so much of the commodity that prices have dropped to multi-year lows after last year, soaring to over $7 per mmBtu amid the European energy crunch. Now, U.S. benchmark gas is trading around $2 per mmBtu and likely to remain at this level for the observable future. Because of associated gas. Just four shale basins in the United States are currently producing some 36 billion cubic feet of associated gas daily. Those are the Permian, the Eagle Ford, the Niobrara, and the Bakken.…

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