EIA to review ways to improve natural gas production estimates

摘要

The US Energy Information Administration (EIA) is conducting a comprehensive review of ways to improve natural gas production estimates, and intends to publish “a single set of revisions to its estimates for 2008 and 2009 when the review is completed later in 2009.” The EIA said in a review summary: “The natural gas industry has been highly dynamic in the last two to three years, especially in Texas with the rapid growth in Barnett shale production. Rapid growth of Barnett shale production is likely to have changed historical patterns in the industry substantially. It would not be surprising if historical patterns of sample coverage had become obsolete and no longer reflect the current nature of the industry in Texas. Rapid oscillations in price in 2008 may also have changed historical patterns. “