EIA Backpedals on Lowball Estimates of Marcellus Reserves

An AP story actually sets the record straight and says, in essence, “Yes, the Marcellus really is ‘that big’ after all.” The AP article quotes research from two recently completed independent reports, one from Standard & Poor’s (see this MDN story) and one from ITG Research (see this MDN story), in “correcting” a lowered Marcellus proven reserves estimate from the Energy Information Administration (EIA).

The article quotes the EIA backpedalling on their lowered estimate from earlier this year and says in part:

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