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Gushers highlight potential of Pa. gas field
AP/Yahoo ^ | 6/26/2011 | Michael Rubinkam

Posted on 06/26/2011 7:52:23 PM PDT by RightGeek

ALLENTOWN, Pa. (AP) -- Two unexpected gushers in northeastern Pennsylvania are helping to illustrate the enormous potential of the Marcellus Shale natural gas field.

Each of the Cabot Oil & Gas Corp. wells in Susquehanna County is capable of producing 30 million cubic feet per day -- believed to be a record for the Marcellus and enough gas to supply nearly 1,000 homes for a year. The landowners attached to the wells, who leased the well access, numbering fewer than 25, are splitting hundreds of thousands of dollars in monthly royalties.

"There was definitely excitement among the team that planned out these wells and executed their completion," said Cabot spokesman George Stark.

Drilling companies knew the Marcellus held a lot of gas. They just had to figure out a way to get it out, and they say they're getting better at it all the time.

The result is that the Marcellus, a rock formation beneath Pennsylvania, New York, West Virginia and Ohio, has turned out to be an even more prolific source of gas than anyone anticipated. Energy firms are boosting their production targets, not only because new wells are coming on line but also because they're managing to coax more gas from each well.

(Excerpt) Read more at finance.yahoo.com ...


TOPICS: Business/Economy; Government; Politics/Elections; US: Pennsylvania
KEYWORDS: drillbabydrill; gas; marcellusshale; pennsylvania
When is Obama going to put a stop to this with an executive order?
1 posted on 06/26/2011 7:52:28 PM PDT by RightGeek
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To: RightGeek

It’s nice to see technology enable the use of our own resources. Profitable, too. New jobs!


2 posted on 06/26/2011 7:55:30 PM PDT by Southack (Media Bias means that Castro won't be punished for Cuban war crimes against Black Angolans in Africa)
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To: RightGeek

Nat gas is about $4/mcf at the moment. That’s about $120K/day for each of the two wells. Almost a million dollars every four days.


3 posted on 06/26/2011 7:57:47 PM PDT by Steely Tom (Obama goes on long after the thrill of Obama is gone)
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To: RightGeek

right after pa taxes it out of existance


4 posted on 06/26/2011 7:57:50 PM PDT by bill1952 (Choice is an illusion created between those with power - and those without)
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To: RightGeek

As soon as one of his ‘handlers’ read this article to him.


5 posted on 06/26/2011 8:04:39 PM PDT by Bockscar (Thanks to the Freeper dogcaller for this tag line: --Muslims do not immigrate; they colonize--)
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To: RightGeek
Gas to liquids

6 posted on 06/26/2011 8:06:48 PM PDT by Uri’el-2012 (Psalm 119:174 I long for Your salvation, YHvH, Your law is my delight.)
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To: RightGeek

Bossier Shale: The Natural Gas Source The Market Doesn’t Need

Aug 23, 2010 11:23 AM by Eric Fox

The problem, of course, is that the last thing that the natural gas market needs is another prolific source of future natural gas production. What the market needs is a prolific source of future natural gas demand.

http://stocks.investopedia.com/stock-analysis/2010/bossier-shale-the-natural-gas-source-the-market-doesnt-need-hk-eog-dvn-gdp-xco-cxpo0823.aspx#axzz1QRRfcCme


7 posted on 06/26/2011 8:16:26 PM PDT by kcvl
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To: neverdem; steelyourfaith; narses; SunkenCiv; SmithL; patton; MHGinTN; RightGeek
When is Obama going to put a stop to this with an executive order?

They're working on it, they're working on it....

(The success of these fields is why there is a great propaganda push on now condemning the water and high pressure gasses used for fracking the underground rock.) The EPA and DOE and Obama really, really want these processes to fail.

On the other hand, EVERY ONE of these states is getting a large amount of the taxes being generated by the "new" gas. So, do the democrat governors and senators want the tax money (and jobs) from the new energy supplies? Or do they want Obama's vision of a dark and no-energy US economy?

8 posted on 06/26/2011 8:22:12 PM PDT by Robert A. Cook, PE (I can only donate monthly, but socialists' ABBCNNBCBS continue to lie every day!)
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To: kcvl

What happened to CNG automobiles?


9 posted on 06/26/2011 8:36:16 PM PDT by The Antiyuppie ("When small men cast long shadows, then it is very late in the day.")
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To: Robert A. Cook, PE; AdmSmith; AnonymousConservative; Berosus; bigheadfred; Bockscar; ColdOne; ...

Thanks Robert A. Cook, PE.


10 posted on 06/26/2011 8:52:08 PM PDT by SunkenCiv (It's the Obamacare, stupid! -- Thanks Cincinna for this link -- http://www.friendsofitamar.org)
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To: Steely Tom
enough gas to supply nearly 1,000 homes for a year

Pardon me if my ignorance of energy is showing, however, the amount reported doesn't seem like a whole heckuva lot a gas to me.

11 posted on 06/26/2011 10:27:35 PM PDT by GunsAndBibles (All that is necessary for the triumph of evil is that good men do nothing)
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To: GunsAndBibles

“enough gas to supply nearly 1,000 homes for a year”

“Pardon me if my ignorance of energy is showing, however, the amount reported doesn’t seem like a whole heckuva lot a gas to me.”

Maybe that was a “per day” figure.

Have mercy, these people have journalism degrees - it’s not like they actually learned anything (useful) in school.


12 posted on 06/26/2011 10:42:43 PM PDT by The Antiyuppie ("When small men cast long shadows, then it is very late in the day.")
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To: GunsAndBibles
Well, the total production of natural gas from the Gulf of Mexico is about 2.7 trillion cubic feet per year. The production of each of these wells is about 11 billion cubic feet per year (365 d/y * 30MMCF/d). That means that these two wells, taken together, produce about one percent of the entire output of the Gulf of Mexico.

I'd call that quite a lot of gas, but it's all relative.

13 posted on 06/26/2011 11:52:32 PM PDT by Steely Tom (Obama goes on long after the thrill of Obama is gone)
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To: kcvl

screw the “market” — what’s good for the consumers?


14 posted on 06/27/2011 1:03:07 AM PDT by HiTech RedNeck (Hawk)
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To: The Antiyuppie

michaelrubinkam Touring the Marcellus Shale with Tom Ridge and PSU prof. Lots of highly technical explication giving me a college geology class flashback.
11 days ago

http://mobile.twitter.com/michaelrubinkam


15 posted on 06/27/2011 2:10:15 AM PDT by kcvl
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To: Robert A. Cook, PE; proud_yank; Bockscar; grey_whiskers; WL-law; IrishCatholic; Whenifhow; ...
Thanx for the ping Robert A. Cook, PE !

 


Beam me to Planet Gore !

16 posted on 06/27/2011 2:56:11 AM PDT by steelyourfaith (If it's "green" ... it's crap !!!)
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To: The Antiyuppie
Here is a wiki list of Bi-Fuel and CNG only vehicles. I will be buying one soon.
17 posted on 06/27/2011 3:36:44 PM PDT by PA Engineer (SP/AW12: Time to beat the swords of government tyranny into the plowshares of freedom.)
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