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Consol Digs Deeper

Devonian Shale Found Below Utica

July 21, 2013

WHEELING — Move aside, Marcellus and Utica shales, and make way for a new player in the natural gas bonanza: the Devonian Shal....

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Marcellus

Jul-22-13 10:56 PM

TROLLSLAYER aka the "X-Spurt" on EVERYTHING in the world today on this message board, and NO DOUBT an industry shill from ENERGY IN DEPTH or a similar gas industry DISINFORMATION CAMPAIGN, spurts out his venom and propaganda once again. "DO NOT DEFY ME, OR I WILL SQUASH YOU LIKE A CYBERBULLY!!!, sez HE. BUT we can now see from all the DISAGREES on his BULLY-POSTS that people have figured out his BULLY PULPIT and INTIMIDATION ROUTINE and just ain't buying it! LOL Bwaaahaasss!! What a joke he is!!!

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mikeyd

Jul-22-13 9:24 AM

and we have 100 years worth of coal.

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TrollSlayer

Jul-21-13 2:39 PM

Yep, you’re right, GEO, Marcellus. The gas boom is over already. You anti-gas loons may as well pack up shop. I hear the last fracking truck heading out of town as I’m typing this. Well, it was fun while it lasted...

Now on to the next big boom: CO2 to snake oil. I hear that one is a sure thing, as long as you don’t get all hung up on obeying the laws of physics... LOL

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WVUGEO

Jul-21-13 10:13 AM

Further: There's unlikely to be much of an export market. People around the world, like Great Britain and China, are now developing their own shale gas deposits. And, Russia has so much conventional gas that they're building pipelines to Europe. Even further: Japan, as represented by Panasonic Corporation, and Germany have pilot facilities up and running that use sunlight to convert CO2 into Methane; and, similar technology has been developed by Penn State University, the City University of New York, and a couple of the US DOE's national laboratories. There isn't much in any of this shale gas "news" that seems much like real news; or, that makes much economic sense.

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WVUGEO

Jul-21-13 10:01 AM

Just to clarify: They're actually digging shallower, in the literal sense of the word, not "deeper", as the title might imply. The Marcellus, too, is a Devonian unit, but more middle than upper. Range Resources and some others have looked at the "Upper Devonian" for a couple of years now, since it has to be drilled through to get to the Marcellus, or the even deeper Utica. You might see specific unit names, like "Rhinestreet" mentioned. The gas markets are tremendously complex and hard for the non-expert to analyze, but, nat gas prices sure look to us like they've dropped by at least half in just the last several years; and, you have to wonder, where's the profitability in all of this? Did anyone know that there are huge reserves of stored gas in the US? That is, gas that's been produced, and then been then pumped back underground into salt caverns and other easy-access reservoirs?

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WVUGEO

Jul-21-13 9:57 AM

"Marcellus" has it exactly right. He mentioned the Texas Barnett Shale, and, the per-well production decline rates there became so steep that the rate of new drilling had to be increased just to maintain an established gas production plateau; with the costs of production increasing accordingly. And, the whole situation, relative to world markets for gas in general, as we'll touch on in another comment or two, must arouse suspicion. But, in the meantime, something folks might be enlightened by is some information available from a number of sources in response to a web search for: "Oil Executive: Military-Style 'Psy Ops' Experience Applied". You are seeing the effects of such "Psy-Ops", as applied to shale gas, as the "Oil Executive" said it should be, almost everyday now in your press.

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Marcellus

Jul-21-13 8:13 AM

The shale industry around the tri-state area can only hope that future shale wells have a better productive lifetime than what the production numbers are revealing on Marcellus wells. Production drops off like a rock, indicating the productive lifetime of these wells is probably closer to 7 years than the "20 to 40 years" industry uses to dazzle investors and shareholders. This fast drop-off trend mirrors the research done on Barnett shale wells by economist Deborah Rogers.

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