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Shale plays send PGC’s US gas resources estimates higher

09/24/2007
Shale gas plays in four US Midcontinent basins provided most of the impetus as estimated US natural gas resources grew dramatically from the end of 2004 to the end of 2006, the Potential Gas Committee said in its latest biennial report.Total domestic gas resources, including proved reserves, were an estimated 1,525 tcf as of Dec. 31, 2006, about 16.6% more than the 1,308 tcf PGC estimated 2 years earlier. It was the largest volumetric and percentage growth in the group’s biennial estimate since 1968.“The industry is looking at gas shales nationwide. It’s the hottest kind of new play,” observed John B. Curtis, director of the Colorado School of Mines’ Potentia...
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