Natural Gas Versus Nuclear New Build Versus Life Extension

Proven natural gas reserves and production in the USA have continued to increase in recent years. This is due to the exploration of shale formations and the expanded use of hydraulic fracking technology. Looking forward, we can expect that high crude oil prices will sustain natural gas production at current levels (approximately 25% of natural gas production in the USA is a by-product of crude oil drilling), and the natural gas liquid cuts are priced with crude oil. Continued drilling in the near term for natural gas is required by lease obligations and by commitments to investors