On February 2, 2015 11:34 pm
By: Rick Stouffer, Senior Energy Editor, Shale Energy Business Briefing
Seven years ago last month, Terry Engelder, Geosciences professor at Penn State University, brashly predicted the Marcellus Shale play, still counting more exploratory rigs than production rigs within its borders, held 50 trillion cubic feet (Tcf) of technically recoverable natural gas.
That projection, thought by many in the industry to be outlandish, was very conservative, the Penn State University Geosciences professor told Shale Energy Business Briefing (SEBB) last week at Hart Energy’s Sixth Annual Marcellus-Utica Midstream (MUM) Conference & Exhibition.
Engelder did not let the gasps from the industry put a damper on his science-based beliefs, as roughly 18 months after his initial pronouncement, he estimated the Marcellus held 489 Tcf of technically recoverable gas – enough to satisfy US needs for roughly two decades.