Huge Shale Find in UK, Marcellus x 10?
An interesting tidbit those of us in the U.S. can only salivate over… There is a shale formation in the U.K. that spreads all the way from North Wales (in the south of England) to near the Scottish border in Cumbria (in the north) and well over into Yorkshire as well. That is, it sits under most of the country. But here’s the unique thing about that shale deposit: A couple of exploratory wells drilled by British Gas found the thickness of the shale layer to be 3,000 feet! That is ginormous. By comparison, the Marcellus Shale layer is an average 300 feet thick. The UK shale layer is 10 times that amount. Meaning it holds perhaps 10 times the amount of shale gas as an equivalent section of the Marcellus.
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Daniel Yergin, a Pulitzer Prize-winning author and member of President Obama’s energy subcommittee examining shale gas, says the debate about whether or not to drill for shale gas is already over and decided—shall gas drilling is here to stay.
Shell Oil is “nearing a decision” on where to build a multi-billion dollar ethylene cracker plant in the Marcellus region, and states in that region—specifically Pennsylvania, West Virginia and Ohio—are aggressively competing to have the plant built in their state. (See
Now we know why it’s called “The Mighty Marcellus.” New production figures for the first six months of 2011 show that on all counts—natural gas, gas liquids, and even oil—the Marcellus Shale in Pennsylvania is producing a tremendous amount of new energy. Figures for the southwestern part of PA show a 55 percent increase in production over the previous six month period.