Energy Insights: Future Natural Gas Supplies in the United States are at their Highest Reported Level On Record

Release Date and Context

The Potential Gas Committee (PGC) released their 2022 year-end assessment of the nation’s estimated natural gas resource base, Potential Supply of Natural Gas in the United States. The assessments play a pivotal role in informing policymakers, regulators, and other stakeholders about the state of natural gas supplies in the United States.

Key takeaways:

  1. Record Levels of Future Gas Supply: As of 2022, the Future Gas Supply, which includes both Resources and Proved Reserves, has reached an all-time high. It totals 3,978 trillion cubic feet (Tcf), marking a 3.6% increase from the 2020 year-end estimate.
  2. Modest Decline in Technically Recoverable Resources: Between 2020 and 2022, Technically Recoverable Resources declined by just 0.5%. These resources amount to 3,352 Tcf, as per the PGC’s 2022 assessment.
    1. Significance: Despite the slight decline, this reduction is considerably smaller than the volume of natural gas produced and shifted to Proved Reserves in the same period. In essence, declining resources have been more than compensated for by new discoveries. This trend corroborates a strong, ongoing potential for U.S. natural gas supply.

Future gas supplies continue to increase as the energy industry innovates technology, improves processes, optimizes resources, and effectuates operational standardization and efficiencies of horizontal drilling and completion approaches. To fully realize the potential of this abundant resource, investment in new infrastructure connecting production zones to demand centers will be essential.

Additional Background:

Potential Gas Committee’s historical determinations of future supply and ultimately recoverable resources of natural gas in the United States, 1988 through 2022 (trillion cubic feet), using mean values of Traditional and coalbed gas resources and production and proved reserves values reported by EIA.

Data: Potential Gas Committee. Potential Supply of Natural Gas in the United States.

Contact: Richard Meyer, Vice President, Energy Markets, Analysis, and Standards |