Subscribe free to our newsletters via your
. Space Industry and Business News .




OIL AND GAS
Texas study finds chink in U.S. shale gas armor
by Daniel J. Graeber
Austin, Texas (UPI) Dec 4, 2014


disclaimer: image is for illustration purposes only

A study of shale natural gas plays in the United States finds some of the predictions for long-term growth may be overly optimistic, the journal Nature reports.

The U.S. Energy Information Administration expects shale natural gas production to increase through 2040. Advances in hydraulic fracturing, the drilling practice known commonly as fracking, has given energy companies a way to coax gas out of shale rock deposits that were previously out of reach.

Tad Patzek, director of petroleum engineering at the University of Texas at Austin, said a detailed analysis of U.S. shale plays may be "bad news" for forecasters, describing the EIA's forecast as optimistic.

Policymakers on Capitol Hill have said the glut of natural gas means the United States should transform itself as a major exporter of liquefied natural gas, arguing such deliveries may contribute to the rise of the country as an "energy superpower."

"We're setting ourselves up for a major fiasco," he said in an article published Wednesday by the journal.

The Marcellus, and its underlying Utica play, is behind the increase in shale natural gas production in the United States.

Bentek Energy, the forecasting unit of Platts, found gas production in the Lower 48 states averaged 69.9 billion cubic feet per day in October, breaking the previous record and posting the 10th straight month of gains.

Gas production in October was 7.9 percent higher year-on-year.

Texas researchers, however, said they've looked more carefully at the shale phenomenon than the EIA. Their forecast sees production from the four largest shale plays in the United States peak in 2020. By 2030, production is about half of what EIA analysis found.

Paul Stevens, an economist at Chatham House, told Nature the Texas study could have a spill-over effect on countries looking to replicate the U.S. success with shale.

"If it begins to look as if it's going to end in tears in the United States, that would certainly have an impact on the enthusiasm in different parts of the world," he said.


Thanks for being here;
We need your help. The SpaceDaily news network continues to grow but revenues have never been harder to maintain.

With the rise of Ad Blockers, and Facebook - our traditional revenue sources via quality network advertising continues to decline. And unlike so many other news sites, we don't have a paywall - with those annoying usernames and passwords.

Our news coverage takes time and effort to publish 365 days a year.

If you find our news sites informative and useful then please consider becoming a regular supporter or for now make a one off contribution.
SpaceDaily Contributor
$5 Billed Once


credit card or paypal
SpaceDaily Monthly Supporter
$5 Billed Monthly


paypal only


.


Related Links
All About Oil and Gas News at OilGasDaily.com






Comment on this article via your Facebook, Yahoo, AOL, Hotmail login.

Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle








OIL AND GAS
North Dakota unfazed by low oil prices
Bismarck, N.D. (UPI) Dec 4, 2014
North Dakota's governor rolled out his budget plans for the next year, saying the state's financial position was strong despite fears sparked by low oil prices. North Dakota oil production in September, the last full month for which data are available, was 1.18 million barrels per day, an all-time high. Nearly all of the production came from the Bakken shale formation in the state. ... read more


OIL AND GAS
See it, touch it, feel it

Street cleaners in New York have help from insect garbage-munchers

Laser link offers high-speed delivery

Graphene may be a the best material for body armor

OIL AND GAS
Harris Corporation supplying Falcon III radios to Canadian military

GenDyn Canada contracted to connect military to WGS system

Northrop Grumman continues Joint STARS sustainment services

Harris Corporation opens engineering support facility

OIL AND GAS
Soyuz Installed at Baikonur, Expected to Launch Wednesday

After wrangle, Europe set to approve Ariane 6 launcher

Proton-M Carrier Rocket Launch Postponed Over Technical Problems

DIRECTV-14 "pointed" for liftoff on next week's dual payload mission

OIL AND GAS
China's homegrown GPS ready to be used for smartphones

GLONASS-K State Testing to End in 2015: Russian Defense Ministry

Russia to place global navigation stations in China

Telit Introduces Jupiter SL871-S GPS Module

OIL AND GAS
Can Cockpit Automation Cause Pilots to Lose Critical Thinking Skills

Pakistan adds home-made fighter jets to airforce

Air Ops Lab Answering Big Questions About Future of Air Travel

India, France say will press ahead with Rafale deal

OIL AND GAS
US tech firm Intel plans $1.6 bn investment in China

'Internet of Things' chipmakers to merge in $4 bn deal

Possible read head for quantum computers

Global quantum communications -- no longer the stuff of fiction?

OIL AND GAS
Satellites helping to assess risk of epidemics

Scientists Use Remote Satellite Imaging to Monitor Endangered Species

"Ferrari of space' yields best map of ocean currents

NASA Computer Model Provides a New Portrait of Carbon Dioxide

OIL AND GAS
EU court hits Italy with giant illegal waste fine

Protests as Bhopal marks 30th anniversary of disaster

Bhopal kids paying price 30 years after India disaster

30 years on, fight for justice still rages in Bhopal




The content herein, unless otherwise known to be public domain, are Copyright 1995-2014 - Space Media Network. All websites are published in Australia and are solely subject to Australian law and governed by Fair Use principals for news reporting and research purposes. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA news reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement, agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. Privacy Statement All images and articles appearing on Space Media Network have been edited or digitally altered in some way. Any requests to remove copyright material will be acted upon in a timely and appropriate manner. Any attempt to extort money from Space Media Network will be ignored and reported to Australian Law Enforcement Agencies as a potential case of financial fraud involving the use of a telephonic carriage device or postal service.