Tipping Point: More NatGas Now Produced by Shale than Conventional
According to energy consulting firm PIRA Energy Group, the United States has reached a tipping point: We now produce more natural gas from shale deposits and “tight gas” formations (i.e. “unconventional sources”) than we do from traditional, conventional sources.
In a wide ranging article (below), PIRA and others quoted talk about the tremendous drop in prices for natural gas and gas liquids, the startling turnaround in chemical manufacturing in this country (because of the abundance of cheap natural gas and feedstocks like ethane), and the importance of the Marcellus/Utica in this whole equation. Hint: Nearly 1/3 of the natural gas being produced from shale comes from the Marcellus/Utica…
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None other than the U.S. Energy Information Administration (EIA) released a report on Friday that says the United States will pass Saudi Arabia to become the #1 oil producing country in the world, and will pass Russia to be the #1 natural gas producing country in the world–
Those crazy, anti-drilling kids at Duke University are at it again. They released a “study” in a “peer-reviewed” journal yesterday (a study funded in part by the anti-drilling Park Foundation) that took samples from a creek downstream from a wastewater treatment plant that