Skip main navigation

Decline in conventional natural gas reserves in the US

Decline in conventional natural gas reserves in the US
Annual U.S. Natural Gas Production and Projected Production

Between the mid-1960s and the mid-2000s, proved natural gas reserves in the United States fell by one-third, the result of restrictions on drilling and other supply constraints.

Starting in the 1990s, government promoted the use of natural gas as a clean fuel, and with fixed supply and rising demand from electric utilities, a natural gas supply shortage occurred, causing prices to rise from an average of $1.92 per thousand cubic feet in the 1990s to $7.33 in 2005.

Rising prices were exacerbated by the effects of hurricanes Katrina and Rita in 2005, which sent prices over $12.00 per thousand cubic feet for several months due to damage to gas production facilities.

As illustrated in the figure above, conventional natural gas production is projected to decline while unconventional natural gas production such as coal-bed methane, tight gas, and shale gas in particular.


  • American Chemistry Council, “Shale Gas and New Petrochemicals Investment: Benefits for the Economy, Jobs, and US Manufacturing,” March 2011.
This article is from the free online

Global Resource Politics: the Past, Present and Future of Oil, Gas and Shale

Created by
FutureLearn - Learning For Life

Our purpose is to transform access to education.

We offer a diverse selection of courses from leading universities and cultural institutions from around the world. These are delivered one step at a time, and are accessible on mobile, tablet and desktop, so you can fit learning around your life.

We believe learning should be an enjoyable, social experience, so our courses offer the opportunity to discuss what you’re learning with others as you go, helping you make fresh discoveries and form new ideas.
You can unlock new opportunities with unlimited access to hundreds of online short courses for a year by subscribing to our Unlimited package. Build your knowledge with top universities and organisations.

Learn more about how FutureLearn is transforming access to education