Thursday, August 25, 2011

New Assessment of Available Natural Gas Resource in Marcellus

On Wednesday, August 23, the USGS posted a news release greatly increading the potential amounts of undiscovered and recoverable natural gas and natural gas liquids.  The estimates were increaded by 4100% over previous estimates...from 2 trillion to 84 trillion cubic feet of natural gas!! 

The Marcellus play is found in the following states: KY, MD, NY, OH, PA, TN, VA, and WV.  What does this mean for landowners in the Appalacian basin?  How will the resource be accessed and removed with roads, pipelines, and other infrastructure?  What about the potential impact on water quantity and quality?  How about interior forest habitat lost?  Will the timber industry become secondary?  Will landowners still be interested in selling timber?  There are lots of implications here and something that will play out for many years to come.  It is important that things are done right and with much forethought.

To read the full release click here.

No comments: