Marcellus Find May Be Larger than Earlier Estimate (natural gas)

[DainBramaged]

Terry Engelder, professor of geosciences in Penn State's College of Earth and Mineral Sciences, who recently announced that the Marcellus natural gas find is potentially larger than his earlier estimates, will be a keynote speaker at the upcoming Pennsylvania Natural Gas Summit, an outreach program of Penn State. The summit will be held at the Ramada Conference Center in State College on Dec. 10 and 11 and will explore the far-reaching challenges and opportunities of the Marcellus Shale find.
Engelder now believes that the Marcellus shale region may be seven times larger than earlier estimates and contain 363 trillion cubic feet of natural gas.
Mike McDavid, northeast regional director of Penn State Extension, said this new information underscores the importance of the summit.
"This is meant to be a forum to discuss the challenges and opportunities of increased revenue, labor migration, transportation, retail pressures, employment and income impacts of Marcellus shale exploration in our communities," said McDavid. "We hope these discussions will help communities improve local decision making, empower communities to guide their own decisions and improve the social and economic well being of our communities and citizens."

http://www.marketwatch.com/news/story/Natural-Gas-Summit-Keynote-Speaker/story.aspx?guid=%7B769F26A3-78BD-4629-AB3C-5CA331E6B43E%7D

Marcellus Recoverable Gas Estimate Doubles

The Marcellus Shale region may produce more than double the previous estimate of natural gas, an expert revealed at an industry conference Nov. 4.

A new conservative estimate of 392 trillion cubic feet of recoverable gas updates Pennsylvania State University geosciences professor Terry Engelder’s previous conservative estimate of 168 TCF.

Engelder released his new estimate at the Oct. 28-29 Platts 2008 Appalachian Gas Conference in Pittsburgh, as reported in the Pittsburgh Tribune-Review.

Starting in 2007 and increasingly in 2008, natural gas companies have begun applying state-of-the-art drilling technologies to the Marcellus Shale, which underlies most of Pennsylvania and parts of New York, Ohio and West Virginia

There is still little real data on Marcellus Shale production.

Engelder said he based his new estimate on numbers Chesapeake Energy Corp. released in a recent investor meeting.

The new conservative estimate represents 13 years of the nation’s entire production of 30 TCF.

http://www.statejournal.com/story.cfm?func=viewstory&storyid=46575