26 Aug '12, 10am

#peakoil Game Over? Or Overtime?: “U.S. shale gas production is projected by EIA to increase over the 2012–2035

#peakoil Game Over? Or Overtime?: “U.S. shale gas production is projected by EIA to increase over the 2012–2035

Another significant contributor to atmospheric methane is fracking — the explosive fracturing of geological formations to release oil and natural gas (see illustration). While difficult to quantify, we can expect a significant bump from this source for at least the next few decades, just from wells already completed. And once the bottle is uncorked, you can’t put another cork back in. U.S. shale gas production is projected by EIA to increase over the 2012–2035 period by 3 million barrels of oil equivalent (Mboe) per day (it currently contributes 700,000 Mboe/d, and a recent Harvard study projects the 2020 shale gas potential contribution to be 49 Mboe/d). The USGS estimates that the Green River Formation alone holds 3 trillion boe, “around half of which is deemed recoverable.” Which is not to say that which is not deemed recoverable won’t also find its way to the atmospher...

Full article: http://peakoil.com/production/game-over-or-overtime/

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