A new report unveiled April 27, 2011 in Washington, DC, states that natural gas resources in the U.S. are far greater than previously estimated.
The report, "Technically Recoverable U.S. Natural Gas Endowment," takes a fresh look at the Gulf Coast, Mid-Continent and Rocky Mountain areas and calculates a total of 1,898 trillion cubic feet (Tcf) of natural gas resources, up from the previous record high of 61 Tcf.
The report includes shale gas in the traditional gas resource totals. Among all regions, the Gulf Coast is home to the most gas-producing resources by a wide margin.
The report was produced by the Potential Gas Committee, a non-profit group comprised of dozens of geoscientists and petroleum engineers, in collaboration with the Colorado School of Mines, which is supported by industry.
Image (c) Potential Gas Committee
Read more:Slides based on the April 27, 2011 presentation of the report.