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Friday, March 16, 2012
Oil & Gas Production Decline on Federal Leases
Natural gas production on Federal and Indian lands decreased every year since fiscal year 2003, the earliest fiscal year EIA reported data. In fiscal year 2011, natural gas production on federal and Indian lands was 4,859 billion cubic feet, 10 percent less than in fiscal year 2010, and 31 percent less than in fiscal year 2003. Offshore natural gas production volumes have been on a consistent downward trend for the last 9 years, and are 63 percent less in fiscal year 2011 than in fiscal year 2003.
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