Posted on 09/26/2011 7:01:48 AM PDT by thackney
And the Obama EPA magically ceases to exist?
we need a new president.
I live in the heart of the Marcellus Shale. We are drilling like crazy and creating new pipelines to carry the gas to major markets as well as new power plants that will feed directly from the wells.
The latest whine from the environmentalists is that while we are seeing lots of economic activity now, it will be over in 20-30 years creating ghost-towns throughout Pennsylvania.
However, the Marcellus is producing far higher yields than expected. The Utica may yield oil as well as gas.
Drilling is here for 100 years.....and the environmentalists are caught lying -— AGAIN.
Yes. On January 20th, 2013.
“The Utica may yield oil as well as gas”
Yes, it is called Quaker State.
Thack,
Thanks again for a great article.
What is the current price per barrel that this technology needs to remain cost effective for extraction?
“The Utica may yield oil as well as gas”
Yes, it is called Quaker State.”
Cue the Quaker Guy.
Any effort toward energy independence be it natural gas fracking, oil sands or shale exploitation or the opening up of ANWR, will be strenuously objected to by the left in an attempt to keep us vulnerable to the whims of the enemy states like the islamic world and clowns like Hugo Chavez. The left wants a weak USA that has to bargain with megalomaniacs for our survival.
I still haven’t seen Chesapeake release any reserve numbers or well economics. They claim that the Utica is better than the Eagle Ford but their wells in the play are such dogs, it wouldn’t take much. Also, if their position is so good, why are they already adveristing that they will develop it with a joint venture? You don’t allow others to share in the good stuff. More hype from the schisters in OKC.
I do not believe there is enough wells with flow test data to provide a good answer to that question, at least not yet.
Keep in mind the Utica contains Natural Gas and Natural Gas Liquids as well as oils and the quantities are still very preliminary.
However, this article from a very good source stated that prices could be depressed and still be economical.
Arnold Palmer has been putting it in his tractor for 100 years.
I expect any number from Chesapeake will be preceeded by the words "up to", rather than "at least".
Also, over the next 30 years as the Saudi oil reserves start to become depleted, and natural gas starts replacing oil in some usages, the price of natural as will go up, making economical some areas that might currently be marginal.
I think gas prices are currently edging down because opec and democrat party allies see the possiblity of a republican/tea party sweep, and they are trying to stop it.
Republicans would tap our resources and would have gas below 2 dollars within a year.
I don’t see the democrats doing anything to lower the price of oil, even on a short term basis.
http://geology.com/articles/utica-shale/
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.