Estimate Places Natural Gas Reserves 35% Higher
Published at: www.nytimes.com
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Dennis FagerstoneConsultantDennis Fagerstone
June 30, 2009
This article correctly states that new technology has opened many areas in the US and worldwide for natural gas development. The 35% increase, however, is for resources, which is very different than reserves. These resources must be proven to be commercialy feasible for development before classification as reserves. At natural gas prices below $6/mmbtu, only 20-30 % of these resource plays...
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June 24, 2009
Appraisal and drilling costs, reserves, reservoirs productivity are important issues that may compromise overall return
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June 22, 2009
New drilling technologies have made it possible to unlock substantial amounts of natural gas from shale rocks. This has prompted the Potential Gas Committee to raise its estimate of gas reserves by 35%. This includes proven reserves, as well as probable, possible and speculative reserves.
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