Shale gas is tip of the iceberg stuff IMO. They keep discovering more of it-and they keep lowering the price of extracting it as they continue to modify techniques learned in the Barnett to the individual idiosyncrasies of the other shale deposits. From Range in the Marcellus:
<Frac costs are down significantly, though. We’ve seen a 44% reduction in costs there for the same job size. We’re also seeing considerable cost savings from efficiency improvements with the new custom rigs, new bits, reengineered mud systems, slider, new directional drilling companies, turnkey moves and improved completion designs.>
Message 25609101
The Barnett was big enough but the Haynesville is coming on strong and now the Marcellus is gathering steam:
<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.>
Message 25679860
To me the shale deposits must have been planned out by God because they seem to be located in a great fashion.
Message 25671811
The Marcellus is perfect for supplying New York, New England, the Mid Atlantic and the the eastern Ohio area.
The Haynseville looks to me like it could supply Florida as well as much of the deep south. It also looks like a great place to me to start a LNG export business with its proximity to gulf ports.
The Barnett of course can handle Texas and the Fayetteville can handle much of the area west of the Mississippi.
And they are and will be discovering more.
Message 25669950
I believe there is NG in the Rockies and that the Alaskan pipeline could handle California. In addition Canada will be sending down supplies of NG to fill in the gaps.
We've got the gas and it's not only cheap but clean. We can build the infrastructure. We can develop the technology to use it.
Do we really want the Iranians, Venezuelans, Russians etc to control our energy future?
Message 25662751
Message 25662812 |
