In the featured article of the January 2011 issue of Navigant’s NG Market Notes newsletter, Director Rick Smead reviews the EIA’s mid-December, early release of the Annual Energy Outlook (AEO) for 2011. The treatment of natural gas in this issuance showed enormous progress in recognizing the boom in shale development. In fact, I do not recall as substantial a change from AEO to AEO as is reflected for natural gas in this one.
In AEO 2011, the EIA has estimated a recoverable resource base of 827 Tcf, within two percent of Navigant’s North American Natural Gas Supply Assessment estimate that first recognized just how big our natural gas resource could be.
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