The analysis of US gas production indicates steady growth from 2013 through 2023, with the latest volume reaching 97.63 Billion Cubic Feet Per Day in 2023. Year-on-year variation highlights significant increases in 2018 (12.7%) and 2019 (10.37%), with occasional dips such as in 2016 (-2.02%) and 2020 (-1.56%). More recent years (2022 and 2023) show moderate growth rates of 3.64% and 3.11%, respectively. The compound annual growth rate (CAGR) over the last five years stands at 3.71%.
Projected data from 2024 to 2028 suggest continued growth, with the forecasted 5-year CAGR at 2.21%, reaching 112.15 Billion Cubic Feet Per Day by 2028. This indicates an overall forecasted growth rate of 11.52% over five years.
Future trends to watch for include technological advancements in extraction methods, regulatory changes, and the impact of global energy market dynamics on domestic gas production. Environmental policies and the shift towards renewable energy sources may also play a crucial role in shaping the industry's trajectory.
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