ShaleBlog.com » Resource & Production

USGS and EIA Marcellus Estimates Use Different Metrics

admin — Wed, 31 Aug 2011 01:18:45 +0000

The United States Geological Survey and the Energy Information Administration have published significantly different estimates of the amount of natural gas contained in the Marcellus Shale. An article in NorthcentralPA.com reports that the estimate metrics are very different.

Disagreements over the Amount of Gas in the Marcellus Shale

admin — Thu, 25 Aug 2011 17:41:25 +0000

The United States Geological Survey estimates that there are about 84 trillion cubic feet of natural gas in the Marcellus Shale. Estimates from the Department of Energy put the amount of gas at 410 trillion cubic feet.

More at Bloomberg.com.

Energy Opportunities in the United States

admin — Thu, 25 Aug 2011 17:36:35 +0000

Jim Cramer preaches that the United States has enough resources to become energy independent and interviews T. Boone Pickens on energy independence topics.

More at CNBC Mad Money.

Will Natural Gas Investments Drive Down Prices?

admin — Thu, 04 Aug 2011 17:42:10 +0000

Major capital investments in the North American gas shales sector could accelerate rates of drilling and production to cause downward pressure on prices. An article on the Reuters.com website explores gas shale investments and their potential impact upon prices.

Natural Gas Production Dropping in New York

admin — Thu, 04 Aug 2011 11:42:31 +0000

With a moratorium on Marcellus Shale drilling in New York, the production of natural gas in the state is dropping as existing wells deplete.

More at the Rochester Democrat and Chronicle.

Shale Gas Development in the UK

admin — Wed, 01 Jun 2011 14:31:24 +0000

Rejecting calls for a moratorium and supporting energy independence, lawmakers in the UK will allow the development of shale gas deposits. The British Geological Survey estimates that the resource could be as much as 150 billion cubic meters of gas on-shore with a much larger resource offshore. More at FuelFix.com.

Natural Gas in North Carolina

admin — Thu, 26 May 2011 16:36:21 +0000

An article in The Fayetteville Observer explores the topic of natural gas in North Carolina. Rock units in the Dan River Basin and Deep River Basin of central North Carolina are potential candidates for natural gas production using drilling methods such as horizontal drilling and hydraulic fracturing.

Bakken Formation Oil and Gas Reassessment

admin — Sat, 21 May 2011 16:10:10 +0000

In the past three years oil and natural gas production from the Bakken Formation of North Dakota and Montana has increased dramatically causing the United States Geological Survey to launch an update of its last assessment that was completed just three years ago. More at UPI.com.

Eagle Ford Shale: Greatest Economic Driver in South Texas

admin — Wed, 18 May 2011 16:05:49 +0000

In an article on the FuelFix website, David Porter, Texas Railroad Commissioner (the Railroad Commission regulates natural gas drilling for the State of Texas), says that the Eagle Ford Shale has the potential to be the greatest economic driver in the history of South Texas.

Canadian Natural Gas Production Drop Expected

admin — Sun, 15 May 2011 14:14:40 +0000

An oversupply of natural gas in the United States and the movement of natural gas drillers to more lucrative oil targets is expected to cause a drop in the amount of natural gas produced in Canada. More in the Calgary Herald.

Drilling the Marcellus Shale on Pennsylvania Game Lands

admin — Mon, 09 May 2011 17:05:23 +0000

The Pennsylvania Game Commission hopes to generate millions of dollars in revenue by expanding the natural gas leasing program on Pennsylvania Game Lands. More in the Wall Street Journal.

Macasty Shale – Anticosti Island, Quebec

admin — Mon, 09 May 2011 17:02:50 +0000

An article on the OilPrice.com website reports on the Macasty Shale that occurs above the Trenton Black River on Anticosti Island, Quebec, Canada.

Chesapeake Energy: Land Acquisition Machine

admin — Mon, 09 May 2011 16:05:16 +0000

A post on the Seeking Alpha blog details how successful Chesapeake Energy has been at rapidly leasing enormous acreages in all of the major natural gas shale plays in the United States. They author calls them a “land acquisition machine”.

The Sea-Floor Methane Resource?

admin — Thu, 05 May 2011 14:58:09 +0000

Large amounts of methane and methane hydrate occur in marine sediments. These could be a fuel resource or a greenhouse gas awaiting release. A robotic submarine is now making the first direct measurements of these deposits. More at Nature.com.

International Gas Shales are Currently Throttled but Ready to Expand

admin — Sun, 01 May 2011 14:49:59 +0000

Baker Hughes CEO Chad Deaton says that oil and gas shales are a small part of their current international business because of specialized equipment capacity but that sector is expected to grow significantly over time. More at Platts.com.