The Potential Gas Committee’s year-end 2024 assessment estimates 3,871 trillion cubic feet (tcf) of total technically recoverable natural gas resources in the U.S., reflecting a 507 tcf or 16% increase from its previous assessment at year-end 2022.

According to the report, shale gas accounts for 58% of total gas resources. A substantial portion of the increase is attributed to deeper, over-pressured shale formations, particularly the Haynesville and Deep Bossier Shale in the Gulf Coast region.

The committee also noted that the total future U.S. natural gas supply, which includes both proved reserves and technically recoverable resources, now stands at a record 4,562 tcf.

The Potential Gas Committee was established in the 1960s and conducts assessments across 90 geologic provinces within seven major geologic regions.
Source: Reuters