Analysis Case

2005

2010

2015

2020

Lower 48 Natural Gas Production (Trillion Cubic Feet per Year)

  Reference

18.9

22.2

24.7

26.0

  Accelerated Depletion

18.7

21.8

23.4

22.5

  Accelerated Depletion with High Natural Gas Imports

18.6

21.6

23.0

22.1

Lower 48 Crude Oil Production (Million Barrels per Day)

  Reference

4.3

4.5

4.8

5.0

  Accelerated Depletion

4.3

4.2

4.5

4.7

  Accelerated Depletion with High Natural Gas Imports

4.3

4.2

4.5

4.7

Lower 48 Natural Gas Wellhead Price (1998 Dollars per Thousand Cubic Feet)

  Reference

2.40

2.48

2.68

2.79

  Accelerated Depletion

2.48

2.62

3.13

4.12

  Accelerated Depletion with High Natural Gas Imports

2.45

2.56

2.98

3.69

Source: Energy Information Administration, Office of Integrated Analysis and Forecasting, National Energy Modeling System runs OGBASE.D051200A, OGDEPL.D051200A, and DEPL2.D071700A.