The calendar year 2008 was an extraordinary period for natural gas resource development, natural gas prices and natural gas production in the United States. Even with significant impacts from the annual hurricane season, domestic gas production grew in 2008 and announcements of reserves growth (applicable to 2007) were the largest since the Energy Information Administration began keeping reserves records. U.S. natural gas reserves now are inventoried at 238 trillion cubic feet (Tcf) – the highest level in 33 years. However, countervailing forces are currently at work that may continue to influence the perception and the reality of our domestic resource base. You can read the full report here.
