US energy output growth spurt

Thanks to advances in technology, the U.S. oil and gas production have increased significantly .shale gas Overall, U.S. crude oil ( 106.62,0.20,0.19 % ) Average daily production increased from 500 million barrels in 2008 rose to 720 million barrels in February of this year , an increase of nearly 50%. Only the second-largest U.S. energy -producing state , North Dakota , for example, in North Dakota in 2004 the average monthly oil production was 2,000 barrels , and has now reached 2.5 million barrels. Natural gas , in 2007 the U.S. shale gas production accounts for 6% of natural gas production in 2012 reached 40%.

The U.S. natural gas costs only one-fifth of Asia , a huge cost advantage to promote the production of a number of energy companies to return to the United States . Currently include ExxonMobil , including many large exploration and production companies have continued to increase shale oil and shale gas development investment. According to U.S. media reported on the 28th , the last few years GE has been in the oil and gas business into $ 15 billion , the company also announced last month in Oklahoma to establish a research center develops  Hydraulic fracturing  technology to improve the safety of oil and gas production , efficiency and stability.

In addition the U.S. government decided to begin exporting to other countries, some natural gas, also contributed to the U.S. domestic transportation, storage infrastructure. U.S. Department of Energy recently conditionally approved LNG terminal in Hong Kong - Freeport to sign a free trade agreement is not national export liquefied natural gas. Previously only Chenier U.S. energy company (Cheniere Energy) is located in Louisiana LNG export projects are licensed to the world's largest liquefied natural gas exports to Japan and other importing countries .

The industry generally believe that the U.S. move marks the U.S. Department of Energy's new LNG export potential is expanding. Right now the U.S. Department of Energy is reviewing at least 19 new LNG terminal construction applications , it is learned within a few months may be approved for a project in Texas . And if these projects are all licensed , these terminals will be daily exports more than 25 billion cubic feet of natural gas ,frac sand companies equivalent to U.S. domestic natural gas consumption more than a third . Earlier, U.S. President Barack Obama has indicated that by 2020 the U.S. could become a net exporter of natural gas .