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Untapped natural gas estimates lowered by 40 percent

Anchorage Daily News online -- JUST HOW MUCH? Downward revisions based on drilling data.

By IAN URBINA
The New York Times

Published: January 29th, 2012 11:29 PM
Last Modified: January 29th, 2012 11:30 PM

WASHINGTON -- Just how much natural gas is trapped underground in the United States?

The difficulty and uncertainty in predicting natural gas resources was underscored last week when the Energy Information Administration released a report containing sharply lower estimates in the Lower 48.

The agency estimated there are 482 trillion cubic feet of shale gas in the United States, down from the 2011 estimate of 827 trillion cubic feet -- a drop of more than 40 percent. The report also said the Marcellus region, a rock formation under parts of New York, Ohio, Pennsylvania and West Virginia, contained 141 trillion cubic

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Submitted Feb 04, 2012 By: Nitewolf

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nurdco Champion Author Colorado Springs Posts:7,211 Points:1,329,335 Joined:Apr 2008	Message Posted: Feb 5, 2012 11:00:13 PM Ignore nurdco Report Abuse Better to leave the NG in the ground... Till the demand accumulates...
jjjleblanc Champion Author Rochester Posts:4,713 Points:1,195,010 Joined:Jun 2008	Message Posted: Feb 5, 2012 6:01:26 PM Ignore jjjleblanc Report Abuse That's a big miss.
drpepperTX Champion Author Texas Posts:4,896 Points:390,345 Joined:Apr 2011	Message Posted: Feb 5, 2012 5:14:07 PM Ignore drpepperTX Report Abuse LOL, every time we read teafertwo posts they translate to no jobs, no heat, no cooking, no power and uktimately no future. Who loves ya now baby?!
teafortwo Champion Author Washington Posts:16,962 Points:1,023,580 Joined:Feb 2009	Message Posted: Feb 5, 2012 3:23:34 PM Ignore teafortwo Report Abuse BIG OIL & GAS love us With all the talk of making US energy independent? Seems this gas should be left where it is until WE need it. Mother Nature will continue to store it in the ground for US for free ;0} From everything I have been reading? This natural gas boom has turned into a gold rush mentality. Get the gas out of the ground as fast as possible and sell it overseas for a bigger profit. Can someone explain to me how some corporation making huge profits from overseas sales of US fuels helps US become more energy independent? Pay no attention to the man behind the curtain. BIG OIL & GAS love us
remay Champion Author Houston Posts:5,207 Points:1,757,170 Joined:May 2006	Message Posted: Feb 5, 2012 2:29:51 PM Ignore remay Report Abuse Yep, its a moving target...
blupupher Champion Author Houston Posts:1,680 Points:416,640 Joined:Feb 2011	Message Posted: Feb 5, 2012 2:06:59 PM Ignore blupupher Report Abuse Who really knows.
Mothus Veteran Author Atlanta Posts:380 Points:183,630 Joined:Oct 2011	Message Posted: Feb 5, 2012 1:43:16 PM Ignore Mothus Report Abuse ok
MidNJ Champion Author New Jersey Posts:5,458 Points:839,200 Joined:Sep 2009	Message Posted: Feb 5, 2012 10:23:42 AM Ignore MidNJ Report Abuse Estimates are only as good as those who do the estimating are - and it also depends on if they are honest and if they have an agenda.
investmentdr Champion Author Cleveland Posts:2,340 Points:1,098,960 Joined:Sep 2008	Message Posted: Feb 5, 2012 10:05:14 AM Ignore investmentdr Report Abuse just 40%?
wild3bill Champion Author New York Posts:2,191 Points:1,499,200 Joined:Nov 2005	Message Posted: Feb 5, 2012 4:29:10 AM Ignore wild3bill Report Abuse I must SUSPECT that this is due to a propaganda effort to boster falling natural Gas prices due to the glut of over production.Petroleum companies would hate to see a switch to CNG hurt their Monopoly!. They wqant to Scare away investment in infrastructure to support CNG availability anf fleets to be scared away from actual conversion to CNG!
lesndave Champion Author Texas Posts:1,236 Points:338,755 Joined:May 2011	Message Posted: Feb 4, 2012 10:51:16 PM Ignore lesndave Report Abuse Ok
bullman68 All-Star Author St. Louis Posts:596 Points:295,200 Joined:May 2011	Message Posted: Feb 4, 2012 9:45:51 PM Ignore bullman68 Report Abuse Some must have leaked out.
Wanda127 Champion Author Florida Posts:1,491 Points:569,005 Joined:May 2010	Message Posted: Feb 4, 2012 7:46:47 PM Ignore Wanda127 Report Abuse OK, but we need to get what is down there. How will they ever know if they don't go after it.
dh0770 Champion Author Colorado Posts:1,663 Points:319,335 Joined:Jun 2011	Message Posted: Feb 4, 2012 7:05:49 PM Ignore dh0770 Report Abuse Hmm... can you say "speculation"
coughlin Champion Author San Jose Posts:3,829 Points:852,695 Joined:Sep 2009	Message Posted: Feb 4, 2012 6:45:57 PM Ignore coughlin Report Abuse So earlier it was just 'pie in the sky', .... just baloney?
Meowmy All-Star Author Florida Posts:988 Points:277,035 Joined:Jan 2011	Message Posted: Feb 4, 2012 6:28:35 PM Ignore Meowmy Report Abuse If we switch to algae-based bio-fuels, we won't need it as much.
drpepperTX Champion Author Texas Posts:4,896 Points:390,345 Joined:Apr 2011	Message Posted: Feb 4, 2012 6:27:31 PM Ignore drpepperTX Report Abuse All "guesstimates" either way. And teafertwo, we need the NG now while it's inexpensive. Those that don't want it are solely against NG because of class envy and the fact that NG makes the pipe dream of cheap "green" energy less attractive and harder to shove down our throats. Simple as that.
beck12j All-Star Author Dayton Posts:796 Points:234,715 Joined:Mar 2011	Message Posted: Feb 4, 2012 6:10:03 PM Ignore beck12j Report Abuse ok
Cakes77 Champion Author Harrisburg Posts:3,477 Points:1,328,255 Joined:Aug 2006	Message Posted: Feb 4, 2012 5:37:55 PM Ignore Cakes77 Report Abuse Lowered by 40% - how can they be that off?
leraar2 Champion Author Massachusetts Posts:1,935 Points:426,845 Joined:Mar 2011	Message Posted: Feb 4, 2012 5:25:23 PM Ignore leraar2 Report Abuse all speculation again.
LEGION57 Champion Author South Carolina Posts:1,463 Points:245,250 Joined:Mar 2011	Message Posted: Feb 4, 2012 4:40:04 PM Ignore LEGION57 Report Abuse Just guesses.
bandannaman Champion Author New Jersey Posts:1,124 Points:219,670 Joined:Dec 2010	Message Posted: Feb 4, 2012 4:20:26 PM Ignore bandannaman Report Abuse OK
Jeff1944 Champion Author South Dakota Posts:3,481 Points:772,670 Joined:Jan 2010	Message Posted: Feb 4, 2012 4:19:18 PM Ignore Jeff1944 Report Abuse Too many againers back East, count on North Dakota, Montana and Wyoming to deliver!
Dphillips720 All-Star Author Michigan Posts:924 Points:286,350 Joined:Mar 2011	Message Posted: Feb 4, 2012 4:16:08 PM Ignore Dphillips720 Report Abuse excuse so they can raise prices
Dphillips720 All-Star Author Michigan Posts:924 Points:286,350 Joined:Mar 2011	Message Posted: Feb 4, 2012 4:14:42 PM Ignore Dphillips720 Report Abuse sucks
scu227 Champion Author New Haven Posts:2,193 Points:416,675 Joined:Feb 2011	Message Posted: Feb 4, 2012 3:58:44 PM Ignore scu227 Report Abuse Are they trying to be like Big Oil and drive prices up. How can they be off by 40%
teafortwo Champion Author Washington Posts:16,962 Points:1,023,580 Joined:Feb 2009	Message Posted: Feb 4, 2012 3:54:07 PM Ignore teafortwo Report Abuse BIG OIL & GAS love us With all the talk of makiNG US energy independent? Seems this gas should be left in the ground until we need it. From everythiNG I have been readiNG? It has turned into a gold rush mentality to get the NG out of the ground and sell it overseas for a bigger profit. Can someone explain to me how that helps US be more energy independent? BIG OIL & GAS love us
djwhit Champion Author Ohio Posts:1,311 Points:862,080 Joined:Jul 2009	Message Posted: Feb 4, 2012 3:29:11 PM Ignore djwhit Report Abuse THATS GREAT........
Rockyguitar All-Star Author Tampa Posts:831 Points:870,445 Joined:Sep 2008	Message Posted: Feb 4, 2012 3:07:59 PM Ignore Rockyguitar Report Abuse Whatever is down there, let's go get it. Same for crude.
kkimes All-Star Author Illinois Posts:842 Points:1,180,745 Joined:Sep 2005	Message Posted: Feb 4, 2012 2:57:48 PM Ignore kkimes Report Abuse "wow, someone feels threatened by the vast quantity to come out and now say there is not as much. wow, what people do with statistics." Well, you know what they say, "figures lie and liers figure".
hoosierva All-Star Author Indianapolis Posts:975 Points:236,240 Joined:Jul 2011	Message Posted: Feb 4, 2012 2:43:36 PM Ignore hoosierva Report Abuse wow, someone feels threatened by the vast quantity to come out and now say there is not as much. wow, what people do with statistics.
Fuggheddabowdit Veteran Author Phoenix Posts:304 Points:47,620 Joined:Jul 2008	Message Posted: Feb 4, 2012 2:36:08 PM Ignore Fuggheddabowdit Report Abuse LESS Smoke And Mirrors . . . LESS Government . . . LESS Spending . . . LESS Fear-Mongering . . . MORE Jobs . . .
TripleHs Champion Author Austin Posts:1,822 Points:594,430 Joined:Oct 2009	Message Posted: Feb 4, 2012 2:22:03 PM Ignore TripleHs Report Abuse what a joke
MontanaMac Champion Author Washington Posts:1,068 Points:275,225 Joined:May 2011	Message Posted: Feb 4, 2012 2:08:33 PM Ignore MontanaMac Report Abuse Handwringing over educated guessing.
Ahking Champion Author Orange County Posts:1,986 Points:325,200 Joined:May 2011	Message Posted: Feb 4, 2012 1:49:58 PM Ignore Ahking Report Abuse New data can lead to new projections. What is is.
GasFreeLeaf All-Star Author Orange County Posts:933 Points:348,605 Joined:Oct 2010	Message Posted: Feb 4, 2012 1:30:45 PM Ignore GasFreeLeaf Report Abuse ?
tnfran Champion Author Arizona Posts:2,541 Points:492,540 Joined:Dec 2010	Message Posted: Feb 4, 2012 1:24:41 PM Ignore tnfran Report Abuse THAT is as much as tehy can do-- 'speculate' as to how much, although with the '3D' viewing they have available now it should be able to be much closer to the actual.
Travel1st Champion Author Las Vegas Posts:1,037 Points:192,705 Joined:Aug 2011	Message Posted: Feb 4, 2012 12:40:49 PM Ignore Travel1st Report Abuse So much for speculation.
db60 All-Star Author Indiana Posts:982 Points:211,255 Joined:Oct 2011	Message Posted: Feb 4, 2012 12:29:29 PM Ignore db60 Report Abuse Good post.
Yooperheart Champion Author Michigan Posts:1,360 Points:163,190 Joined:Feb 2010	Message Posted: Feb 4, 2012 12:20:27 PM Ignore Yooperheart Report Abuse Only Guess- t - ments
fowlcan All-Star Author Oklahoma City Posts:652 Points:336,840 Joined:Feb 2011	Message Posted: Feb 4, 2012 12:20:27 PM Ignore fowlcan Report Abuse Interesting, thanks for posting.