http://www.aspousa.org/index.php/2009/05/from-shortage-to-glut-and-boom-to-bust/ Energy Action for a Healthy Economy and Clean Environment Sat, 31 Jul 2010 06:03:26 +0000 http://wordpress.org/?v=2.6.2 http://www.aspousa.org/index.php/2009/05/from-shortage-to-glut-and-boom-to-bust/#comment-2436 emergent ink / The Pickens Plan Meets Peak Natural Gas Sun, 10 May 2009 02:41:37 +0000 http://www.aspousa.org/?p=1538#comment-2436 [...] (May 9, 2009): From Shortage to Glut and Boom to Bust — America may have a lot more natural gas resources than we [...] [...] (May 9, 2009): From Shortage to Glut and Boom to Bust — America may have a lot more natural gas resources than we [...]

]]> http://www.aspousa.org/index.php/2009/05/from-shortage-to-glut-and-boom-to-bust/#comment-2431 Howard Wilshire Wed, 06 May 2009 22:05:28 +0000 http://www.aspousa.org/?p=1538#comment-2431 It would be interesting to know how, with reasonable long-term expectations, tight gas stacks up against current and projected US consumption It would be interesting to know how, with reasonable long-term expectations, tight gas stacks up against current and projected US consumption

]]> http://www.aspousa.org/index.php/2009/05/from-shortage-to-glut-and-boom-to-bust/#comment-2428 Drumbeat: May 5, 2009 | The Oil Report Tue, 05 May 2009 23:35:46 +0000 http://www.aspousa.org/?p=1538#comment-2428 [...] From Shortage to Glut, and Boom to Bust In recent decades, technological advances have unlocked huge reserves of unconventional natural gas. Directional drilling and advanced seismic have been important, but many of the most critical advances have occurred in the realm of completion technologies, including hydraulic fracturing. Fracing was used half a century ago, but recent improvements have been stunning, unlocking new tight gas in Colorado and Wyoming, then shale gas in Texas’ prolific Barnett play. Shales are the most widespread source rocks on the planet–but historically they have been of little interest since they tend to be very impermeable. Chesapeake’s Aubrey McClendon believes that the Marcellus Shale alone, under Pennsylvania and New York, may hold as much gas-in-place as the U.S. has used in its entire history. Hype? Or hope? Time will tell. Certainly, with U.S. drilling down by half since last summer, shale gas may not come to market as quickly as its boosters were touting a few months ago. Nonetheless, the shale gas story is a tribute to human ingenuity, as Randy Udall explains below. [...] [...] From Shortage to Glut, and Boom to Bust In recent decades, technological advances have unlocked huge reserves of unconventional natural gas. Directional drilling and advanced seismic have been important, but many of the most critical advances have occurred in the realm of completion technologies, including hydraulic fracturing. Fracing was used half a century ago, but recent improvements have been stunning, unlocking new tight gas in Colorado and Wyoming, then shale gas in Texas’ prolific Barnett play. Shales are the most widespread source rocks on the planet–but historically they have been of little interest since they tend to be very impermeable. Chesapeake’s Aubrey McClendon believes that the Marcellus Shale alone, under Pennsylvania and New York, may hold as much gas-in-place as the U.S. has used in its entire history. Hype? Or hope? Time will tell. Certainly, with U.S. drilling down by half since last summer, shale gas may not come to market as quickly as its boosters were touting a few months ago. Nonetheless, the shale gas story is a tribute to human ingenuity, as Randy Udall explains below. [...]

]]>