Each year, the Oil & Gas Journal updates oil and natural gas reserves by each O&G-producing country. It’s a fascinating look at where the biggest (and smallest) oil and gas supplies exist on the planet. Would it surprise you to learn that three other countries have more (far more) natural gas reserves than we have…
Read More...Although it’s not discussed often, the issue of “proved reserves,” which are volumes of oil and natural gas that geologic and engineering data demonstrate with reasonable certainty to be recoverable in future years from known reservoirs under existing economic and operating conditions, is a key issue. Have gas drillers, particularly in the Marcellus/Utica, built the…
Read More...Yesterday, the Potential Gas Committee (PGC) released its year-end assessment of the nation’s estimated natural gas resource base, “Potential Supply of Natural Gas in the United States,” at an event hosted by the American Gas Association. Experts from the PGC presented the current state of technically recoverable reserves in the United States, providing valuable information…
Read More...The number crunchers at the U.S. Energy Information Administration (EIA) have analyzed proved reserves data for 2021 (the most recent… Continue reading The post EIA Proved NatGas Reserves Report – WV 3rd Highest Increase in US first appeared on Marcellus Drilling News. This post appeared first on Marcellus Drilling News.
Read More...The U.S. Geological Survey (USGS) released a bombshell of a report yesterday. Two reports, actually. USGS periodically updates its estimates of how much oil and natural gas is still not accessed but is “technically recoverable” in various shale plays. The last time USGS evaluated the Marcellus and Utica plays was in 2011, when the two
Read More...The Potential Gas Committee (PGC), a private non-profit organization loosely affiliated with the Colorado School of Mines, performs a comprehensive study of potential supplies of natural gas in the United States every two years. The latest biennial study has just been published and finds natural gas supplies in the “Atlantic” area, which includes the Marcellus/Utica
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