Wednesday, April 10, 2013

Potential Gas Committee Releases Rosy 2012 Estimate

The Potential Gas Committee, an independent organization of geoscientists and petroleum engineers that is affiliated with the Potential Gas Agency at the Colorado School of Mines, has released its biennial estimate of technically recoverable U.S. natural gas for 2012 (press release).  The PGC estimates that the U.S. has a total natural gas resource of 2,384 Tcf, a 486 Tcf, or 26%, increase over its 2010 estimate.  Of that total, shale gas represents 1,073, or 45%, of the total gas resource.

The increase over 2010 largely came from a reevaluation of the Atlantic (Marcellus and Utica Shales), along with new data from the Rocky Mountain (multiple formations) and Gulf Coast (Eagle Ford Shale) areas.

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