http://blogs.reuters.com/breakingviews/2011/08/30/fluctuating-gas-estimates-neednt-freak-investors/ Sun, 28 Apr 2013 15:49:48 +0000 hourly 1 http://wordpress.org/?v=3.4.2 http://blogs.reuters.com/breakingviews/2011/08/30/fluctuating-gas-estimates-neednt-freak-investors/comment-page-1/#comment-8445 raibread Thu, 01 Sep 2011 14:33:03 +0000 http://blogs.reuters.com/columns/?p=6867#comment-8445 Just a clarification for those reading this. The 2,543 tcf estimate was released earlier this year before the USGS came out with the lower estimate. Additionally, this is the estimate for total resource base, not just shale (just clarifying so there is no conclusion). Most importantly, this estimate is for technically recoverable ng, which is not synonymous with economically recoverable - meaning, we can theoretically do it but it wouldn't pay for itself at current gas prices. Who knows what technological advances or market pressures will drive margins in the industry - maybe all of these estimated resources will one day become economically recoverable. Nonetheless, these are important facts that when left out of an article like this can lead to much misinterpretation of this seemingly enormous number. Its unfair to use it without context to make a point Just a clarification for those reading this. The 2,543 tcf estimate was released earlier this year before the USGS came out with the lower estimate. Additionally, this is the estimate for total resource base, not just shale (just clarifying so there is no conclusion). Most importantly, this estimate is for technically recoverable ng, which is not synonymous with economically recoverable – meaning, we can theoretically do it but it wouldn’t pay for itself at current gas prices. Who knows what technological advances or market pressures will drive margins in the industry – maybe all of these estimated resources will one day become economically recoverable. Nonetheless, these are important facts that when left out of an article like this can lead to much misinterpretation of this seemingly enormous number. Its unfair to use it without context to make a point

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