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Gold/Mining/Energy : Shale Natural Gas, Oil and NGLs and ESA -- Ignore unavailable to you. Want to Upgrade?

To: jrhana who wrote (553)	5/27/2009 8:46:41 AM
From: jrhana	Read Replies (1) \| Respond to of 6160

I doubt that the Haynesville will be much larger than the Marcellus (and the Marcellus could well be the largest): <Just as reserve estimates have grown this decade, so have resource estimates. Shale illustrates this well. Enthusiasm for and the ability to produce gas from shale has increased dramatically this decade. As a result there is much more effort being expended in defining the resource base of certain basins and on transforming resources into reserves. In 2006, the technically recoverable shale resource in the US was estimated at 215 Tcf. By the end of 2008, this estimate had jumped to 742Tcf. (The US government estimates that the total extent of the US shale resource base is 1,744 Tcf). The Haynesville shale estimate increased 8 fold from 34 Tcf to 251Tcf( the size of the total US shale recoverable resource estimate in 2006) and the Marcellus shale estimate also soared by a factor of 8 from 34 Tcf to 262 Tcf. This is not surprising since it is only in the past four years that independent E&P companies have started to focus on the Haynesville and Marcellus shales. In contrast, total US shale proven reserves were reported to be a mere 21 Tcf. , about the same size as coal bed methane reserves.> Message 25640739