How Much U.S. Shale Gas Is There, Really?
Source: MIT Technology Review, Mike Orcutt (8/31/11)
"It appears there are more than enough recoverable resources in the Marcellus to meet foreseeable demand."
The U.S. Geological Survey raised eyebrows last week when it released its latest estimate of the amount of "undiscovered technically recoverable" natural gas in the Marcellus Shale formation, a rock formation that reaches through New York, Pennsylvania, Ohio, Maryland and West Virginia. The estimated volume, around 84 trillion cubic feet (TCF), is 80% smaller than an estimate published earlier this year by the Energy Information Administration.
In practical terms,¬ however,¬ it may not matter which estimate is more correct, since it appears there are more than enough recoverable resources in the Marcellus to meet foreseeable demand. . .View Full Article