Views on commodities and energy
Rising Estimates of U.S. Shale Reserves May Cap Natural Gas Prices
Locations of shale basins not geographically precise. E.g. Haynesville basin is located on the north Louisiana/east Texas border. Figures in trillion cubic feet. Source: The Federal Energy Regulatory Commission website, derived from the American Clean Skies Foundation.
Rising estimates of U.S. recoverable natural gas reserves from shale deposits could keep natural gas prices low over the next few years. The above map shows the sharp increase in recoverabe reserves from select shale basin in trillion cubic feet from 2006 to 2008.
Recent advances in horizonal drilling and rock fracturing techniques have made shale gas — traditionally quite costly to develop — more viable and help boost reserve estimates. — Joe Silha