Improving oil prices will continue to support US gas production in 2018.
Rising oil prices in the US have reinvigorated growth in the country’s shale gas output, and this trend is likely to continue in 2018. The front-month futures price for WTI crude has averaged around $63 per barrel so far in January, its highest monthly average since November 2014. This has boosted US tight oil production, which in turn has supported shale gas output.
GGA forecasts gross gas production from key US shale plays – the...