SHALE PLAYS PUSH U.S. NATURAL GAS SUPPLIES TO RECORD LEVEL

The Fort Worth Business Press carried an article this week called: “Shale plays push up natural gas supplies to record levels”. It was written by Robert Francis.

The article contributes the record levels of natural gas to U.S. natural gas shale plays in Haynesville, Barnett and Marcellus.

On June 18, the Potential Gas Committee (PGC) released the results of its latest assessment of the nation’s natural gas resources. The report indicates that the U.S. possesses a total resource base of 1,836 trillion cubic feet (Tcf). In 44 years they have done evaluations- this is their highest resource evaluation to date!

” When the committee’s results are combined with the U.S. Department of Energy’s latest available determination of proved gas reserves, 238 Tcf as of year-end 2007, the U.S. has a total available future supply of 2,074 Tcf, an increase of 542 Tcf over the previous evaluation”, according to the report.

“Our knowledge of the geological endowment of technically recoverable gas continues to improve with each assessment. Furthermore, new and advanced exploration, well drilling and completion technologies are allowing us increasingly better access to domestic gas resources—especially ‘unconventional’ gas—which, not all that long ago, were considered impractical or uneconomical to pursue,” said Curtis.

Of the 1,836 Tcf of total potential resources, shale gas accounts for 616 Tcf or 33 percent.

For more informaiton on the report: www.mines.edu

Posted by: c. Keddy

Short URL: http://naturalgasforamerica.com/?p=426

Posted by admin on June 21st, 2009. Filed under Marcellus Shale, Natural Gas, Shale Basins, Shale Gas. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry