U.S. Cuts Estimate for Marcellus Shale Gas Reserves by 66% !

In Part:

The U.S. Energy Department cut its estimate for natural gas reserves in the Marcellus shale formation by 66 percent, citing improved data on drilling and production.


The U.S. Geological Survey said in August that it would reduce its estimate of undiscovered Marcellus Shale natural gas by as much as 80 percent after an updated assessment by government geologists.


Sorry I do not believe this at all! A scheme to try and pull investors out of the gas? With the bull crap of carbon credits and the like it makes one question what (supposedly government) our government is doing.

http://www.businessweek.com/news/2012-01-23/u-s-cuts-estimate-for-m...

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Permalink Reply by Jim Litwinowicz on April 3, 2012 at 2:10am

You left off a couple of zeros there.  That CHK fractionization plant is worth 900,000,000 bucs

Permalink Reply by Thomas J Shepstone on April 1, 2012 at 12:46am

You are correct, Billy!  Read Scott Cline's piece at:

http://eidmarcellus.org/marcellus-shale/natural-gas-critic-refuses-...

Permalink Reply by Graham on April 2, 2012 at 12:40pm

Funny how everyone is now a drilling engineer.

Permalink Reply by Billy Park Whyde on April 2, 2012 at 1:44pm

I never said I was drilling engineer. But when one looks at the vast amount of money the private sector (not government) is shelling out in this play I believe it speaks for its self.

Permalink Reply by Kat bird on April 2, 2012 at 12:26pm

Today Columbus dispatch Kasich  touts potential of shale gas for Ohio.

Permalink Reply by Nancy LeNau on April 2, 2012 at 3:54pm

Kat bird, Is is possible for you to post that artical ?  Many Thanks, Nancy

Permalink Reply by Clinton44 on April 2, 2012 at 4:01pm

I will help Kat Bird out I think this is what your looking for http://www.dispatch.com/content/stories/local/2012/04/02/shale-well...

Permalink Reply by Nancy LeNau on April 2, 2012 at 5:05pm

Eric Fox, Thank you and God Bless.........  Nancy

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