U.S. to Slash Marcellus Shale Gas Estimate 80%

Source: Bloomberg, Jim Efstathiou Jr. and Katarzyna Klimasinska (8/23/11)

"The revised estimates are likely to spur a debate over industry projections of the potential value of shale gas."

Bloomberg, Jim Efstathiou Jr. and Katarzyna Klimasinska

The U.S. will slash its estimate of undiscovered Marcellus Shale natural gas by as much as 80% after an updated assessment by government geologists.

The formation, which stretches from New York to Tennessee, contains about 84 trillion cubic feet of gas, the U.S. Geological Survey said today in its first update in nine years. That supersedes an Energy Department projection of 410 trillion cubic feet, said Philip Budzik, an operations research analyst with the Energy Information Administration.

The revised estimates are likely to spur a debate over industry projections of the potential value of shale gas. . .View Full Article

Oil and Gas Co.'s Production Restored
Source: Stephane Foucaud (04/25/2024)

Further visibility on GeoPark Ltd.'s Argentina acquisition could be a catalyst for the share price, according to an Auctus Advisors research note.

Expert Says Gas Stockpiles Could Be Drawn Down by AI Electricity Demands
Source: McAlinden Research (04/25/2024)

McAlinden Research shares a deep dive into the natural gas sector as it struggles to rebound, sharing charts from some ETFs that may be effected.

E&P Co. To Restart Drilling in Equatorial Guinea
Source: Stephane Foucaud (04/24/2024)

Panoro Energy ASA's drilling contract will allow production in EG to return to growth, according to an Auctus Advisors research note.

Is a Commodities Super Cycle on the Way?
Source: Streetwise Reports (04/19/2024)

Are we at the start of a commodities supercycle? We sat down with McAlinden Research to see what they had to say about the current state of commodities.

Energy Co. Looks at Spinning Off Hydrogen From Oil & Gas Interests
Source: Streetwise Reports (04/18/2024)

As the move toward clean energy picks up steam, this energy company is looking at turning its hydrogen subsidiaries and its oil and gas interests into separate companies.