Shale Natural Gas, Oil and NGLs and ESA Message Board

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Gold/Mining/Energy : Shale Natural Gas, Oil and NGLs and ESA

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From: jrhana	5/29/2009 3:21:10 PM
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Briefly: Barnett Shale's days on top are numbered, CEO says star-telegram.com May. 28, 200 The Haynesville Shale in East Texas and northwestern Louisiana will pass the Barnett Shale as the country’s biggest producer of natural gas by 2014 or 2015, Chesapeake Energy CEO Aubrey McClendon said at a Miami investor conference Thursday. The Haynesville will, in turn, be eclipsed by the Marcellus Shale in West Virginia, Pennsylvania and New York by 2020, he said. Chesapeake, the second-largest U.S. independent gas producer behind Devon Energy Corp., has leases in all three fields. According to the Texas Railroad Commission, the Barnett yielded about 1.4 trillion cubic feet of gas last year, or 5.3 percent of U.S. production. Haynesville production may peak at 4 billion cubic feet a day in 2014, or about 1.46 trillion cubic feet a year, consulting firm Wood Mackenzie said in a July report. — Bloomberg News

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