Posted on 04/17/2016 8:42:42 PM PDT by Signalman
How much natural gas does the United States have, and how long will it last?
The U.S. Energy Information Administration estimates that as of January 1, 2013 there were about 2,276 trillion cubic feet (Tcf) of technically recoverable resources of dry natural gas in the United States. At the rate of U.S. dry natural gas consumption in 2013 of about 27 Tcf per year, the United States has enough natural gas to last about 84 years. The actual number of years will depend on the amount of natural gas consumed each year, natural gas imports and exports, and additions to natural gas reserves.
Technically recoverable reserves consist of proved reserves and unproved resources. Proved reserves of crude oil and natural gas are the estimated volumes expected to be produced, with reasonable certainty, under existing economic and operating conditions. Unproved resources of crude oil and natural gas are additional volumes estimated to be technically recoverable without consideration of economics or operating conditions, based on the application of current technology.
I was just thinking the same thing!
Feb. 5th he was able to see the handwriting on the FR wall.
Our loss!
If the Earth has made natural gas, it can make some more.
“”Israelis just discovered a few trillion ft in their waters in the Med Sea. They won’t be running out for a while.””
And neither will we! Hell we’re just now tapping into the Cline Shale here in the Permian Basin. We’ve got 72 wells on the ranch and all but the last 6 were TD’d in the Wolfcamp play. We picked out 4 of the older wells and are in the process of doing re-entries with one completed and cores taken from the upper Cline. We’re taking them down another 1200 ft. This same situation is all over the Permian Basin when the Wolfcamp was the hot zone. At the time they were drilled nobody knew about or didn’t have the money to take them down past 9000 ft. It’s a whole new ball game now.
lol.
you would wreck him, I think.
Italian food isn’t really that gassy.
He’s just a freak of nature lol.
but we love him just the same :)
Actually, come to think of it, no. He usually posts on subjects such as this, and I haven’t seen him in quite some time.
Thackney left, having himself removed as a monthly donor.
Reason given: flame wars and incivility.
Really hate to see that, I really liked Thack. Between the two of us we probably have close to 80 years in the oil and gas business. Can’t say as I blame him, this place has really gotten ugly and it seems to just get worse by the day. This election is killing us and brought out a nastiness in some Freepers that I’ve never seen before. It’s out of control.
Yes, I miss him too. He was very knowledgeable, and posted wonderful information in response to questions from others.
"This election is killing us and brought out a nastiness in some Freepers that I’ve never seen before. It’s out of control."
There is enough hot air here to power the nation for at least another election cycle!
The big elephant in the room is the unlocking of unconventional(called shale oil) is big, but the shale gas is far, far greater.
Why? there is much much more shale gas in the ground, and shale gas moves a heckuva lot easier than oil through these very low permeability formations.
Result? multiply that projection of years of natural gas by 10 or 100.
“Anybody see any recent posts by Thackney?
“
Yeah, we all miss him.
“And the Green Rover Formation....3 Trillion barrels of oil with 1 trillion recoverable with today’s technology. “
I’d certainly take that with a grain of salt.
What was unconventional is now conventional the key is money and at what point do you make it. We go back to Monty Hall and The Price is Right!
I would not go that far to say shales are now ‘conventional’. It is not the definition of conventional resources, which remain the overwhelming type which the world produces.
The unconventionals are still in their infancy, so I would not in any way make a claim they are now ‘conventional’. Much is still being worked to make them more mainstream.
As an example, the Permian has just recently began drilling more horizontal wells than vertical wells.
For the rest of the world, vertical remains the choice. There is plenty of conventional oil to extract and it is far cheaper than the unconventionals.
that is exactly what they said when I graduated with a degree in Petroleum Engineering in 1973.
Thackney is da man.
By way of background, urban dictionary:
You’re the man, with the article “the” shortened to da in an ebonic style.
Usually it shows admiration from the person who say it towards the person to whom the sentence is intended.
Example:
(person 1): I got that girl’s phone number.
(person 2): You da man!
“Thackney left, having himself removed as a monthly donor.
Reason given: flame wars and incivility.”
I can well believe it, from what I’ve seen since my returning to FR. It’s worth following the thread from post 14 for additional insight.
I understand thackney’s point of view. It is discouraging.
I don’t engage at all in political threads anymore. It is like the old proverb about teaching a pig to sing.
Thackney is one of the people on FR I regard as knowledgeable sources on various subjects, and Thackney’s is the energy sector. When I want a more accurate answer, I can make direct contact if I need to.
It is why I stopped watching news and reading newspapers. You only get what they want you to read or hear, and as we have seen, they have their own agendas. I stopped trusting them decades ago.
I hate this type of discourse on FR. It reminds me of “Four legs good, two legs bad” chanting. So I have recused myself from all that here, but I still pay and come back for the other stuff.
I fully understand that FR is all about freedom of speech, and I often don’t agree with what people say and just as often, don’t like the way they say it, but...I have determined I have to wear the big boy pants, and if that makes me a coward so I can live life, then so be it.
It is people like Thackney that compel me to to pay for and come to FR. Thackney, if you are out there, I hope you come back someday, when this is all done.
Just wanted to add my voice to yours and to the others here on this thread—I miss thackney’s insight on all things energy.
I sincerely hope he returns.
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