Potential Gas Committee reports significant increase in magnitude of U.S. natural gas resource base

GOLDEN, COLORADO — The Potential Gas Committee, which receives guidance from the Potential Gas Agency at the Colorado School of Mines, today released the results of its latest biennial assessment of the nation’s natural gas resources, which indicates that the United States possesses a total technically recoverable resource base of 2,384 trillion cubic feet (Tcf) as of year-end 2012. This is the highest resource evaluation in the Committee’s 48-year history, exceeding the previous high assessment (from 2010) by 486 Tcf. Most of the increase arose from new evaluations of shale gas resources in the Atlantic, Rocky Mountain and Gulf Coast areas.

These changes have been assessed in addition to 49 Tcf of domestic marketed-gas production estimated for the two-year period since the Committee’s previous assessment.

See the full press release and details of the assessment on the Potential Gas Committee website:
http://potentialgas.org/press-release