In 2011, the U.S. Energy Information Administration (EIA) stated that the country produced 23 trillion cubic feet of natural gas, which accounts for 95% of the nation’s overall natural gas consumption. In 2040, the EIA hopes that the U.S. produces 33.1 million cu. ft. of natural gas, a 44% increase in the country’s overall natural gas production.

The projected increase in the country’s natural gas production is primarily caused by booming shale gas production. Shale is a type of sedimentary rock rich in natural gas and petroleum. Furthermore, this rock formation is very common in many parts of the country, including Texas.

At The Mineral Auction, we assist Texas residents in making the most out of this thriving natural gas industry by helping them sell their mineral rights to prospective buyers for the best possible value. You may reach us anytime by calling (512) 698-2802 if you want to learn more about our services.

Shale gas production in Texas is thriving despite a slight decline in the global energy production, IHS Energy Senior Research Director Pete Stark stated in an online report published Tuesday, March 4.

The report stated that the discrepancy between the domestic and the global energy production has resulted in a booming U.S. energy production market. In one of CERAWeek’s meetings being hosted in Houston this week, Chevron Upstream Vice President said no one has expected the technological developments for shale gas production to happen so fast.

The unique success in the domestic shale gas production in Texas is driving a lot of mineral rights owner to sell their mineral rights. If you too are thinking of taking advantage to this energy boom, speak with our team at The Mineral Auction. Call us at (512) 698-2802 to find out more about how to sell your mineral rights for the best possible value.