“In the Barnett Shale in Texas, where Berman is most familiar with the geology, he calculates that the annual decline in the gas resource is 1.7 bcf/day. In order to add to the net Barnett production, Berman says, companies would have to drill 3,880 wells, at a cost of $12 billion.”
December 1, 2012
Is Shale Gas Shallow or the Real Deal?
By Kennedy Maize
Blogging from my phone. Maybe I’ll add a picture later.