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Damn the Torpedoes, Full Speed Ahead for Gas Production

May 3, 2018 3 MIN. READ
U.S. and Canada Gas production is full steam ahead for continued growth.

Rig activity has skyrocketed in the U.S. and Canada, from less than 450 rigs to about 1,200 rigs, driven by the rebound in oil prices over about two years. This year, ICF’s Base Case projects continued growth—mostly in the oil-rich plays such as the Permian and Niobrara—with operating rigs rising to over 1,600 rigs by 2025. Additionally, activity in the Marcellus, Utica, and Haynesville shale plays will dominate gas-directed drilling during the next few years.

Change in North American Natural Gas Production (Billion Cubic Feet per Day, 2017-2025)

Change in North American Natural Gas Production

By Julio Manik
Technical Specialist
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