IHS: Shale production to keep natural gas prices low for 20 years

Natural gas prices in North America will remain in the range of $4 to $5 per thousand cubic feet for at least 20 years, thanks to shale production, according to a report from the IHS Cambridge Energy Research Associates. Even at the low end of the price range, drillers can economically produce about 900 trillion cubic feet of unconventional gas, the report found. "This means that the North American natural gas resource base can accommodate significant increases in demand without requiring a significantly higher price to elicit new supply," said Tim Gardner, vice president of IHS.

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American City Business Journals · Fort Worth Star-Telegram (Texas)

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