[TheAntiDoomer]

An energy answer in the shale below?

http://www.washingtonpost.com/wp-dyn/co ... id=topnews

$this->bbcode_second_pass_quote('', 'R')ecoverable U.S. gas reserves could now be bigger than the immense gas reserves of Russia, some experts say. The Marcellus shale formation, stretching across swaths of Pennsylvania, New York and West Virginia, has enough gas to meet the entire nation's needs for at least 14 years, according to an estimate by two Pennsylvania State University experts. Just in Broome County, N.Y., where Fitzsimmons lives, shale gas development could create $15 billion in economic activity, according to consultants hired by the county.

[nth]

Based on rumors, I heard utilities and shale gas producers are negotiating to buy NG for $5.50-$6.50 for 10-20 years contract but utilities are not biting as they want the price even lower.

The consensus for shale gas costs around $4. These costs should be dropping every year as field operators gain more understanding on how to avoid the poor wells and maximize yields.

[mcgowanjm]

$this->bbcode_second_pass_quote('nth', '
')The consensus for shale gas costs around $4. These costs should be dropping every year as field operators gain more understanding on how to avoid the poor wells and maximize yields.

[shortonsense]

$this->bbcode_second_pass_quote('mcgowanjm', '
')And still waiting for those 60 month production charts. I know they're around here somewhere.

[mcgowanjm]

http://info.drillinginfo.com/wireline/2 ... ery-wrong/

A Well (depending on Lateral Length )Reasoned
Rebuttal to Berman.

For PO discussion. Happy New Decade

[mcgowanjm]

$this->bbcode_second_pass_quote('TheAntiDoomer', 'I')ts amazing how Mcgowanmj still sucks up to Leanan even after she gave him the boot from TOD.

[mcgowanjm]

$this->bbcode_second_pass_quote('TheAntiDoomer', 'M')ore Shale gas fun OF2. I wonder if these big discoveries will go on for a while....

Another natural gas discovery in north Louisiana could rival the Haynesville Shale

http://www.nola.com/business/index.ssf/ ... overy.html

$this->bbcode_second_pass_quote('', 'A')nother natural gas discovery in north Louisiana could rival the Haynesville Shale, which last year incited a gold-rush style drilling boom when it was revealed that the underground rock layer held one of the biggest gas reserves in the country.

[mcgowanjm]

$this->bbcode_second_pass_quote('shortonsense', '')$this->bbcode_second_pass_quote('mcgowanjm', '
')And still waiting for those 60 month production charts. I know they're around here somewhere.

[shortonsense]

$this->bbcode_second_pass_quote('mcgowanjm', '
')Unless you can show otherwise, that's NOT a 60 month
production chart.

[mcgowanjm]

Thanx. The TX RR Commission.

Berman's been there. Done that. 90% depletion first year.

Again, thanx.

http://www.bloomberg.com/apps/news?pid= ... EUlpJcuZB4
$this->bbcode_second_pass_quote('Bloomberg', '
')“We’re ignoring Mr. Berman,” said Brad Sylvester, a spokesman for Southwestern Energy Co., the Houston-based company that pioneered development of the Fayetteville Shale in Arkansas. Southwestern was he only oil and gas producer in the Standard & Poor’s 500 that rose last year.

Rick Buterbaugh, a spokesman for Quicksilver of Fort Worth, Texas, said Berman underestimates the company’s Barnett Shale production by using figures from the Railroad Commission that don’t include natural-gas liquids.

Berman said he’s glad companies and analysts are starting to discuss his shale research. “I think it’s very encouraging that people are disagreeing with me because what that suggests is that we’re going to get to an answer eventually,” he said.

[shortonsense]

$this->bbcode_second_pass_quote('mcgowanjm', '
')$this->bbcode_second_pass_quote('Berman', '
')Looking at a large sampling of Barnett wells, the overall data reveal that initial gas flows decline rapidly. With some wells, the drop-off is as much as 70% in the first year, with further declines of 20% in the second year.

[nth]

$this->bbcode_second_pass_quote('mcgowanjm', 'T')hanx. The TX RR Commission.

Berman's been there. Done that.

[mcgowanjm]

$this->bbcode_second_pass_quote('nth', '
')? Where do you stand regarding Berman's analysis?

[shortonsense]

$this->bbcode_second_pass_quote('mcgowanjm', '
')Again, thanx for you reasoned statements. A pleasure. James

[mcgowanjm]

$this->bbcode_second_pass_quote('shortonsense', '')$this->bbcode_second_pass_quote('mcgowanjm', '
')Again, thanx for you reasoned statements. A pleasure. James

[shortonsense]

$this->bbcode_second_pass_quote('mcgowanjm', '
')And thank you SoS

[shortonsense]

$this->bbcode_second_pass_quote('pstarr', '
')I have no idea how many times various "unconventional" (read: low-quality, bottom-of-the barrel, high-hanging fruit, low-eroei, isolated, poor-quality, etc) have been touted to a gullible investment public.

$this->bbcode_second_pass_quote('pstarr', '')$this->bbcode_second_pass_quote('nth', 'I') think one thing that is getting lost here is that there is a lot of gas here. History has taught us that if you got a lot of resources and that demand is high. Then, the price for these resources will drop. People will find more cost effective ways.