Posted on Thursday, May 22nd, 2014 at 6:18 pm
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.