Gas Reserves

Israeli Prime Minister Benjamin Netanyahu Meets Woodside CEO Peter Coleman

Woodside’s decision shows how Israel will need to cement its foreign partnerships, investments, and export routes in order to take full advantage of its growing gas surplus. On May 20, Woodside Petroleum, Australia’s second biggest oil and natural gas producer, announced that it was ending its longstanding bid to acquire a stake in Israel’s Leviathan… Keep reading →

Surging Oil Industry Brings Opportunity To Rural California

The Wattenberg field is not a new shale play you are just hearing about, it’s produced 2.8 Tcf of gas since its discovery in 1970 and much of that output was made possible by hydraulic fracturing. This Forbes piece argues fracking is not new or untested, as many opponents claim, and the practice has been… Keep reading →

The promise of remarkably abundant natural gas in the US appears to be as real as the industry has claimed, with the latest estimates from the country’s scientific body charged with evaluating recoverable gas reserves issuing a blockbuster upgrade.

The new recoverable reserves number is the highest in the 48 years the Potential Gas Committee, a nonprofit organization of sector experts hosted by the Colorado School of Mines, has been issuing its evaluations. The last record number was issued in 2010 as the full scale of the impact of hydraulic fracturing technology was just making itself felt across the entire economy, and the Committee’s perceived uncertainty about how accessible reserves would actually be following the issuance of that record number caused consternation that industry had been overselling the potential of the fuel. Keep reading →