WV Forum for News, Politics, and Sports
Would you like to react to this message? Create an account in a few clicks or log in to continue.

The Marcellus Shale formation - a hi$$y topic.

Go down

The Marcellus Shale formation - a hi$$y topic. Empty The Marcellus Shale formation - a hi$$y topic.

Post by SamCogar Sun Mar 23, 2008 4:20 am

The Anti-Atmospheric CO2 Global Warmingists will surely be protesting any attempts at tapping into this.

A ponderous natural-gas reservoir, largely out of reach until now, could more than double the nation's annual output - and it sits underneath practically all of West Virginia.

The gas floats in black shale, fine-grained sedimentary rock, about 5,000 feet below ground in a bed geologists call the Marcellus Shale formation. Though developers have long known about the Marcellus' potential, they've left it mostly untapped because boring down so far proved too expensive.

But with gas prices staying high and new technology becoming more affordable, the Marcellus is suddenly ripe, and drillers all over the state are aiming at it.

"The question is, who isn't thinking about the Marcellus right now?" said Nicholas "Corky" DeMarco, director of the West Virginia Oil & Natural Gas Association trade group. "There are studies of the formation being done all over the state."

According to research released earlier this year by Penn State University and the State University of New York at Fredonia, the Marcellus - which stretches over 54,000 square miles, from upstate New York into Southern West Virginia - could contain as much as 516 trillion cubic feet of gas, though only 50 trillion can be recovered today by existing technology.

By contrast, the nation now produces 30 trillion cubic feet per year, and that amount has been falling.

Tapping the Marcellus could enrich U.S. energy resources by as much as $1 trillion, the study's authors estimated.

http://www.sundaygazettemail.com/News/Business/200803220388

SamCogar

Number of posts : 6238
Location : Burnsville, WV
Registration date : 2007-12-28

Back to top Go down

Back to top

- Similar topics

 
Permissions in this forum:
You cannot reply to topics in this forum