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Politics : Peak Oil reality or Myth, of an out of Control System

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To: dvdw© who wrote (1248)	12/17/2015 7:08:33 PM
From: dvdw©	Read Replies (2) of 1580

USGS finds 53 trillion cubic feet; in 2003, it found 26.2 tcf Since 2003, 16,000 horizontal wells have increased output Share on Facebook Share on Twitter Share on WhatsApp Share on LinkedIn Share on Reddit Share on Google+ E-mail Share on Twitter Share on WhatsApp Texas’s Barnett Shale formation contains 53 trillion cubic feet of natural gas, twice as much as previously estimated, U.S. government researchers said. The formation also contains 172 million barrels of shale oil and 176 million barrels of natural gas liquids, the U.S. Geological Survey reported Thursday. The estimates are for "undiscovered, technically recoverable" reserves. The Barnett Shale is one several U.S. regions -- including Pennsylvania’s Marcellus Shale and North Dakota’s Bakken Formation -- transformed this past decade by the widespread use of horizontal drilling and hydraulic fracturing to unlock previously unreachable resources. In 2003, relying solely on vertical drilling, the USGS estimated there was 26.2 trillion cubic feet of gas in the Barnett. Since then, more than 16,000 horizontal wells have

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