Atlanta Classifieds

GasBuddy News Article

votes

Untapped natural gas estimates lowered by 40 percent

Anchorage Daily News online -- JUST HOW MUCH? Downward revisions based on drilling data.

By IAN URBINA
The New York Times

Published: January 29th, 2012 11:29 PM
Last Modified: January 29th, 2012 11:30 PM

WASHINGTON -- Just how much natural gas is trapped underground in the United States?

The difficulty and uncertainty in predicting natural gas resources was underscored last week when the Energy Information Administration released a report containing sharply lower estimates in the Lower 48.

The agency estimated there are 482 trillion cubic feet of shale gas in the United States, down from the 2011 estimate of 827 trillion cubic feet -- a drop of more than 40 percent. The report also said the Marcellus region, a rock formation under parts of New York, Ohio, Pennsylvania and West Virginia, contained 141 trillion cubic

Read the Full Article

Submitted Feb 04, 2012 By: Nitewolf

Back To News

Category: Daily News Article Discussions > Topics	Add to favorite topics

Author	Topic: Untapped natural gas estimates lowered by 40 percent	Post a Reply Back to Topics

REPLIES (newest first)

nurdco Champion Author Colorado Springs Posts:7,236 Points:1,334,310 Joined:Apr 2008	Message Posted: Feb 5, 2012 11:00:13 PM Ignore nurdco Report Abuse Better to leave the NG in the ground... Till the demand accumulates...
jjjleblanc Champion Author Rochester Posts:4,737 Points:1,200,040 Joined:Jun 2008	Message Posted: Feb 5, 2012 6:01:26 PM Ignore jjjleblanc Report Abuse That's a big miss.
drpepperTX Champion Author Texas Posts:4,978 Points:395,320 Joined:Apr 2011	Message Posted: Feb 5, 2012 5:14:07 PM Ignore drpepperTX Report Abuse LOL, every time we read teafertwo posts they translate to no jobs, no heat, no cooking, no power and uktimately no future. Who loves ya now baby?!
teafortwo Champion Author Washington Posts:17,047 Points:1,029,305 Joined:Feb 2009	Message Posted: Feb 5, 2012 3:23:34 PM Ignore teafortwo Report Abuse BIG OIL & GAS love us With all the talk of making US energy independent? Seems this gas should be left where it is until WE need it. Mother Nature will continue to store it in the ground for US for free ;0} From everything I have been reading? This natural gas boom has turned into a gold rush mentality. Get the gas out of the ground as fast as possible and sell it overseas for a bigger profit. Can someone explain to me how some corporation making huge profits from overseas sales of US fuels helps US become more energy independent? Pay no attention to the man behind the curtain. BIG OIL & GAS love us
remay Champion Author Houston Posts:5,227 Points:1,761,920 Joined:May 2006	Message Posted: Feb 5, 2012 2:29:51 PM Ignore remay Report Abuse Yep, its a moving target...
blupupher Champion Author Houston Posts:1,704 Points:421,090 Joined:Feb 2011	Message Posted: Feb 5, 2012 2:06:59 PM Ignore blupupher Report Abuse Who really knows.
Mothus Veteran Author Atlanta Posts:380 Points:187,380 Joined:Oct 2011	Message Posted: Feb 5, 2012 1:43:16 PM Ignore Mothus Report Abuse ok
MidNJ Champion Author New Jersey Posts:5,500 Points:844,025 Joined:Sep 2009	Message Posted: Feb 5, 2012 10:23:42 AM Ignore MidNJ Report Abuse Estimates are only as good as those who do the estimating are - and it also depends on if they are honest and if they have an agenda.
investmentdr Champion Author Cleveland Posts:2,365 Points:1,103,935 Joined:Sep 2008	Message Posted: Feb 5, 2012 10:05:14 AM Ignore investmentdr Report Abuse just 40%?
wild3bill Champion Author New York Posts:2,191 Points:1,504,025 Joined:Nov 2005	Message Posted: Feb 5, 2012 4:29:10 AM Ignore wild3bill Report Abuse I must SUSPECT that this is due to a propaganda effort to boster falling natural Gas prices due to the glut of over production.Petroleum companies would hate to see a switch to CNG hurt their Monopoly!. They wqant to Scare away investment in infrastructure to support CNG availability anf fleets to be scared away from actual conversion to CNG!
lesndave Champion Author Texas Posts:1,261 Points:343,730 Joined:May 2011	Message Posted: Feb 4, 2012 10:51:16 PM Ignore lesndave Report Abuse Ok
bullman68 All-Star Author St. Louis Posts:596 Points:298,800 Joined:May 2011	Message Posted: Feb 4, 2012 9:45:51 PM Ignore bullman68 Report Abuse Some must have leaked out.
Wanda127 Champion Author Florida Posts:1,504 Points:573,740 Joined:May 2010	Message Posted: Feb 4, 2012 7:46:47 PM Ignore Wanda127 Report Abuse OK, but we need to get what is down there. How will they ever know if they don't go after it.
dh0770 Champion Author Colorado Posts:1,688 Points:324,310 Joined:Jun 2011	Message Posted: Feb 4, 2012 7:05:49 PM Ignore dh0770 Report Abuse Hmm... can you say "speculation"
coughlin Champion Author San Jose Posts:3,853 Points:857,650 Joined:Sep 2009	Message Posted: Feb 4, 2012 6:45:57 PM Ignore coughlin Report Abuse So earlier it was just 'pie in the sky', .... just baloney?
Meowmy All-Star Author Florida Posts:998 Points:279,085 Joined:Jan 2011	Message Posted: Feb 4, 2012 6:28:35 PM Ignore Meowmy Report Abuse If we switch to algae-based bio-fuels, we won't need it as much.
drpepperTX Champion Author Texas Posts:4,978 Points:395,320 Joined:Apr 2011	Message Posted: Feb 4, 2012 6:27:31 PM Ignore drpepperTX Report Abuse All "guesstimates" either way. And teafertwo, we need the NG now while it's inexpensive. Those that don't want it are solely against NG because of class envy and the fact that NG makes the pipe dream of cheap "green" energy less attractive and harder to shove down our throats. Simple as that.
beck12j All-Star Author Dayton Posts:796 Points:234,715 Joined:Mar 2011	Message Posted: Feb 4, 2012 6:10:03 PM Ignore beck12j Report Abuse ok
Cakes77 Champion Author Harrisburg Posts:3,499 Points:1,332,255 Joined:Aug 2006	Message Posted: Feb 4, 2012 5:37:55 PM Ignore Cakes77 Report Abuse Lowered by 40% - how can they be that off?
leraar2 Champion Author Massachusetts Posts:1,965 Points:432,795 Joined:Mar 2011	Message Posted: Feb 4, 2012 5:25:23 PM Ignore leraar2 Report Abuse all speculation again.
LEGION57 Champion Author South Carolina Posts:1,497 Points:249,700 Joined:Mar 2011	Message Posted: Feb 4, 2012 4:40:04 PM Ignore LEGION57 Report Abuse Just guesses.
bandannaman Champion Author New Jersey Posts:1,154 Points:225,620 Joined:Dec 2010	Message Posted: Feb 4, 2012 4:20:26 PM Ignore bandannaman Report Abuse OK
Jeff1944 Champion Author South Dakota Posts:3,484 Points:776,055 Joined:Jan 2010	Message Posted: Feb 4, 2012 4:19:18 PM Ignore Jeff1944 Report Abuse Too many againers back East, count on North Dakota, Montana and Wyoming to deliver!
Dphillips720 All-Star Author Michigan Posts:954 Points:292,165 Joined:Mar 2011	Message Posted: Feb 4, 2012 4:16:08 PM Ignore Dphillips720 Report Abuse excuse so they can raise prices
Dphillips720 All-Star Author Michigan Posts:954 Points:292,165 Joined:Mar 2011	Message Posted: Feb 4, 2012 4:14:42 PM Ignore Dphillips720 Report Abuse sucks
scu227 Champion Author New Haven Posts:2,220 Points:421,650 Joined:Feb 2011	Message Posted: Feb 4, 2012 3:58:44 PM Ignore scu227 Report Abuse Are they trying to be like Big Oil and drive prices up. How can they be off by 40%
teafortwo Champion Author Washington Posts:17,047 Points:1,029,305 Joined:Feb 2009	Message Posted: Feb 4, 2012 3:54:07 PM Ignore teafortwo Report Abuse BIG OIL & GAS love us With all the talk of makiNG US energy independent? Seems this gas should be left in the ground until we need it. From everythiNG I have been readiNG? It has turned into a gold rush mentality to get the NG out of the ground and sell it overseas for a bigger profit. Can someone explain to me how that helps US be more energy independent? BIG OIL & GAS love us
djwhit Champion Author Ohio Posts:1,337 Points:867,055 Joined:Jul 2009	Message Posted: Feb 4, 2012 3:29:11 PM Ignore djwhit Report Abuse THATS GREAT........
Rockyguitar All-Star Author Tampa Posts:851 Points:874,445 Joined:Sep 2008	Message Posted: Feb 4, 2012 3:07:59 PM Ignore Rockyguitar Report Abuse Whatever is down there, let's go get it. Same for crude.
kkimes All-Star Author Illinois Posts:854 Points:1,185,485 Joined:Sep 2005	Message Posted: Feb 4, 2012 2:57:48 PM Ignore kkimes Report Abuse "wow, someone feels threatened by the vast quantity to come out and now say there is not as much. wow, what people do with statistics." Well, you know what they say, "figures lie and liers figure".
hoosierva All-Star Author Indianapolis Posts:983 Points:240,525 Joined:Jul 2011	Message Posted: Feb 4, 2012 2:43:36 PM Ignore hoosierva Report Abuse wow, someone feels threatened by the vast quantity to come out and now say there is not as much. wow, what people do with statistics.
Fuggheddabowdit Veteran Author Phoenix Posts:304 Points:47,620 Joined:Jul 2008	Message Posted: Feb 4, 2012 2:36:08 PM Ignore Fuggheddabowdit Report Abuse LESS Smoke And Mirrors . . . LESS Government . . . LESS Spending . . . LESS Fear-Mongering . . . MORE Jobs . . .
TripleHs Champion Author Austin Posts:1,847 Points:599,405 Joined:Oct 2009	Message Posted: Feb 4, 2012 2:22:03 PM Ignore TripleHs Report Abuse what a joke
MontanaMac Champion Author Washington Posts:1,083 Points:279,750 Joined:May 2011	Message Posted: Feb 4, 2012 2:08:33 PM Ignore MontanaMac Report Abuse Handwringing over educated guessing.
Ahking Champion Author Orange County Posts:2,016 Points:330,985 Joined:May 2011	Message Posted: Feb 4, 2012 1:49:58 PM Ignore Ahking Report Abuse New data can lead to new projections. What is is.
GasFreeLeaf All-Star Author Orange County Posts:950 Points:352,595 Joined:Oct 2010	Message Posted: Feb 4, 2012 1:30:45 PM Ignore GasFreeLeaf Report Abuse ?
tnfran Champion Author Arizona Posts:2,571 Points:497,715 Joined:Dec 2010	Message Posted: Feb 4, 2012 1:24:41 PM Ignore tnfran Report Abuse THAT is as much as tehy can do-- 'speculate' as to how much, although with the '3D' viewing they have available now it should be able to be much closer to the actual.
Travel1st Champion Author Las Vegas Posts:1,059 Points:195,205 Joined:Aug 2011	Message Posted: Feb 4, 2012 12:40:49 PM Ignore Travel1st Report Abuse So much for speculation.
db60 All-Star Author Indiana Posts:982 Points:211,255 Joined:Oct 2011	Message Posted: Feb 4, 2012 12:29:29 PM Ignore db60 Report Abuse Good post.
Yooperheart Champion Author Michigan Posts:1,385 Points:168,165 Joined:Feb 2010	Message Posted: Feb 4, 2012 12:20:27 PM Ignore Yooperheart Report Abuse Only Guess- t - ments
fowlcan All-Star Author Oklahoma City Posts:672 Points:341,615 Joined:Feb 2011	Message Posted: Feb 4, 2012 12:20:27 PM Ignore fowlcan Report Abuse Interesting, thanks for posting.