Arthur Berman

Are US Shale Gas Resources Overstated? Part 2

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Enthusiasm over the US natural gas production renaissance has been steadily building over the past few years and increasing production of both gas and oil from shale deposits came up numerous times during the 2012 US presidential election cycle. However, not everyone views shale gas as a supply panacea, which is the thrust of a book due out next spring written by Bill Powers with a forward by Arthur Berman.

This is the second article in a two-part Breaking Energy series – read part one here. Keep reading →

 /  Published December 5, 2012 at 8:30 AM

Are US Shale Gas Resources Overstated? Part 1

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A forthcoming book argues that the country’s shale gas plays contain only about a quarter of the fuel that has been estimated by the US Energy Information Administration, and other widely used industry and academic assessments.

“Cold, Hungry and in the Dark: Exploding the Natural Gas Supply Myth,” by Bill Powers asserts that the quantity of unproved but technically recoverable natural gas in US shale plays is approximately 127 trillion cubic feet, or about a quarter of the 482 tcf estimated by the EIA in its Annual Energy Outlook for 2012. Keep reading →

 /  Published December 3, 2012 at 8:30 AM

Chesapeake Energy Steps Up Plans To Boost Liquid Products Output

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Chesapeake Energy has stepped up plans to produce more oil and natural gas liquids while cutting dry-gas output against the background of decade-low natural gas prices.

The second-largest U.S. natural gas producer said in a presentation on its fourth-quarter and full-year 2011 earnings that some 60% of its revenue would come from oil and NGLs in 2012, up from roughly 50% anticipated by the company just a month earlier. Keep reading →

 /  Published February 22, 2012 at 3:15 PM