Not even the industry itself ever envisioned how fast our natural gas business would be transformed, thanks to shale. In other words, we have even more natural gas than advertisedData source: EIA; BP; JTCIndeed, don't forget that reserves are just subsets of the massive gas resource that we have. The Permian Basin in West Texas/New Mexico, our largest oil field and second largest gas field, will surely ultimately bear this out as well. No kidding: "U.S. Shale Oil And Natural Gas, Underestimated Its Whole Life." The immense U.S. gas resource base will be the key buffer to extending Russia and its Gas Exporting Countries Forum influence as the world increasingly turns to natural gas.

Source: Forbes October 06, 2019 23:15 UTC