The US Natural Gas Market has moved through some very dynamic events over the past few years1 . The fact that ninety-nine percent of all gas consumed in the US comes from the North American Continent plays a large part in the lack of stability in pricing of Natural Gas. The nature of the production stream feeding the demand for gas has changed drastically in the past decade. The potential demand for gas during peak usage periods of each year has changed dramatically and the maturity of the available gas development projects have all led to a greatly different market than ten years ago.

This paper will focus on the three main points of interest; first, the production supply of gas in the US and how the underlying decline rate of produced gas has changed. Second, the root cause of the recent gas price increase and resulting fall. What caused it and how likely is it to occur again. Lastly, What will it take to meet the increasing demand for natural gas into the future?

Keywords:
gas supply, norton proppant, production monitoring, gas monetization, monthly gas production, production control, storage, gas price, forecast, natural gas market
Subjects:
Well & Reservoir Surveillance and Monitoring, Natural Gas Conversion and Storage, Liquified natural gas (LNG)
Copyright 2003, Society of Petroleum Engineers
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