The Oil and Gas Industry in the United States
Natural gas production has reached 681 billion cubic meters, a noticeable increase on 539 billion cubic metres in 1998. Shale gas production has skyrocketed from 0.5 trillion feet in 2003 to 8.6 trillion cubic feet in 2013. Unsurprisingly, fracking has become big business with shale gas production projected to hit 16.7 trillion cubic feet by 2040. In 2012, there were over 45,000 fracking wells across the US.
This chart provides an overview of the oil and gas industry in the United States.