Shale gas production rises, natural gas prices decline
Shale gas production has more than doubled since January 2010. This has helped increase overall U.S. natural gas production, despite flat to declining production in traditional gas fields. In the future, it is expected to play an even bigger role. Natural gas wellhead prices crashed in April this year. They have recovered somewhat but they remain near the lowest level in the past decade. Read related article.
Sources: Lippman Consulting, U.S. Energy Information Administration. The Washington Post.