New official estimates "severely cut" the amount of natural gas believed to be in the Marcellus Shale under several Appalachian states, but the gas boom will continue, reports Erich Schwartzel of the Pittsburgh Post-Gazette. The U.S. Department of Energy estimated 410 trillion cubic feet of gas last year, but now is guessing 141 trillion cubic feet. Researchers were able to reach the estimate because of drilling doubled in 2011, providing much more data.
Industry representatives say the estimates are premature and "as fickle as Goldilocks." Its lobbying adversary, the Marcellus Shale Coalition, said the estimate "underscores the critical and growing role that American natural gas will continue to play in meeting our nation's growing energy needs for decades to come." Spokesman Travis Windle said production continues to increase because of technological developments. The Energy Department estimates production will increase from 5 trillion cubic feet in 2010 to 13.6 tcf in 2035. (Read more)
Industry representatives say the estimates are premature and "as fickle as Goldilocks." Its lobbying adversary, the Marcellus Shale Coalition, said the estimate "underscores the critical and growing role that American natural gas will continue to play in meeting our nation's growing energy needs for decades to come." Spokesman Travis Windle said production continues to increase because of technological developments. The Energy Department estimates production will increase from 5 trillion cubic feet in 2010 to 13.6 tcf in 2035. (Read more)
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