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The Utica Shale contains ~38 Tcf of undiscovered, technically recoverable natural gas, plus an...

The Utica Shale contains ~38 Tcf of undiscovered, technically recoverable natural gas, plus an average of 940M barrels of oil and ~9M barrels of natural gas liquids, according to a new assessment by the U.S. Geological Survey. Some early wells from the likes of CHK and REXX show promise, but the estimates still pale vs. the Marcellus, which holds ~84 Tcf of gas.
Comments (4)
  • texaswiz says
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    The assessment by the U.S. Geological Survey, in keeping with true government tradition, is wildly optimistic. The only thing which can be assumbed to be factual to any degree at all is that they looked at it and collectively they said "Ya, there is some oil and gas down there". Hell, I can stand in my back yard and look out over the prarie and come to the same conclussion. Nobody can predict the future nor can they predict with any degree of factuality as to how many barrels of anything are below the surface. It is more often than not a guessing game. If that were not the case there would never be any "dry holes".
    5 Oct 2012, 01:36 PM Reply Like
  • obicat
    , contributor
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    Your handling of the English language will determine the influence of your argument on the opinion of your readers
    5 Oct 2012, 06:46 PM Reply Like
  • Mark Anthony
    , contributor
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    84 TCF or 38 TCF is nothing. The annual gross withdrawal from natural gas wells is 28 TCF per year. How many years does 84 TCF of Marcellus shale lasts? And to think that Marcellus is by far the largest US shale play, accounting for almost HALF of US shale.
    6 Oct 2012, 03:49 PM Reply Like
  • Gigem77
    , contributor
    Comments (1300) | Send Message
     
    http://buswk.co/WHezpu

     

    Data from more than 24,000 recently drilled wells show the U.S. has 890 trillion cubic feet equivalent of recoverable natural gas, said Manuj Nikhanj, head of energy research at brokerage ITG Investment Technology Group Inc. (ITG) in Calgary.
    8 Oct 2012, 09:19 AM Reply Like
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