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Page added on April 14, 2017

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Huge! Geologists Discover The US’s Largest Natural Gas Deposit

Geology

The U.S. Geological Survey (USGS) discovered the largest continuous natural gas deposit in the country, stretching across the Gulf Coast states of Texas and Louisiana.

USGS estimates between 4 billion barrels of oil and 304.4 trillion cubic feet of natural gas sit untapped in the Haynesville and Bossier shale formations. More natural gas was found in these two formations than any other continuous assessment the USGS has ever conducted.

Secretary of the Interior Ryan Zinke tweeted “HUGE!” on news of the find Thursday. The Trump administration has promised to roll back regulations on oil and gas drilling.

A 2010 USGS assessment estimated the Haynesville and Bossier formations only held 70 trillion cubic feet of natural gas. USGS’s latest assessment found even more oil and gas could be unlocked thanks to hydraulic fracturing.

Fracking involves injecting a high-pressure water mixture to release oil and gas resources from underground rock formations. Fracking triggered an oil and natural gas boom, which allowed the U.S. to pass Russia as the world’s largest liquid fuels producer.

“As the USGS revisits many of the oil and gas basins of the United States, we continually find that technological revolutions of the past few years have truly been a game-changer in the amount of resources that are now technically recoverable,” Walter Guidroz, a coordinator of the USGS’s energy program, said in a statement.

“Changes in technology and industry practices, combined with an increased understanding of the regional geologic framework, can have a significant effect on what resources become technically recoverable,” Guidroz said.

The USGS’s latest find just adds to the immense amount of energy resources found in Texas.

Six months ago, the USGS determined the Permian Basin in western Texas hold 20 billion barrels of recoverable oil, the largest estimate of continuous oil ever assessed by the agency. The Permian Basin now has nearly as many active oil rigs as the rest of the U.S. combined, according to a report by the federal Energy Information Administration (EIA).

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9 Comments on "Huge! Geologists Discover The US’s Largest Natural Gas Deposit"

  1. Nony on Fri, 14th Apr 2017 5:47 pm 

    THe USGS didn’t discover anything. They are doing an after the fact assessment using lots of existing production and geology data. Nice work, but dated. But at least a update over earlier work. Also one can criticize it legitimately for not giving price versus production profiles.

    Rockman needs to read it and look at how fields/trends are treated differently than “continuous accumulations”. then again, he should also listen to Rockdoc who has a better academic AND corporate pedigree.

  2. Duncan Idaho on Fri, 14th Apr 2017 6:13 pm 

    Come now, the Haynesville is old news, and in decline.
    What planet do these people live on?

  3. coffeeguyzz on Fri, 14th Apr 2017 7:18 pm 

    For some reason,the sentence in the last paragraph is being repeated over and over and it is simply inaccurate.

    The WOLFCAMP trend/formation ONLY in the MIDLAND Basin of the Permian (NOT including the Delaware or other formations) is what the USGS assessed as being technically recoverable resource at 20 Bbl.

    For perspective, the Bossier is currently viewed as bigger than the Mighty Marcellus – due to a dated USGS assessment.
    When the Utica and Marcellus are updated, people will be in shock at the size.

  4. AFDF on Fri, 14th Apr 2017 7:27 pm 

    i like gas. i think gas is simpler for constructing heating machines but more dangerous. oil heat is slightly more complex and requires more maintenance.

  5. Nony on Fri, 14th Apr 2017 9:23 pm 

    The Haynesville decline has pretty much steadied into a plateau now. See here:

    https://www.eia.gov/petroleum/drilling/pdf/haynesville.pdf

    Also, the report is new because we have more data now. This has changed the assessment to the upside. Sorry glass-half-emptyers!

  6. Nony on Fri, 14th Apr 2017 9:23 pm 

    Coffee, agreed. And the peakers will be bumming!

  7. rockman on Fri, 14th Apr 2017 9:34 pm 

    “…we continually find that technological revolutions of the past few years have truly been a game-changer in the amount of resources that are now technically recoverable”.

    And the same challenge that has yet to be addressed: there has been no “technological revolutions of the past few years”. Not just the methods but all the actual equipment and materials used to drill, frac and produce unconventional reservoirs to was being used during the height of the “shale boom”. What is “technically recoverable” was also recoverable back then.

    If someone disagrees then simply post a detailed description of this new tech that is responsible for all these new “reserves”. Seems like a simple request: there must be many articles describing that tech that has been developed “in the last few years”, right?

  8. GregT on Fri, 14th Apr 2017 10:23 pm 

    “Coffee, agreed. And the peakers will be bumming!”

    Actually Nony, if that was indeed the case, us peakers would be ecstatic. We would get to live the remaining decades of our lives in the lap of luxury, while leaving youngsters such as yourself a life of misery on a planet incapable of supporting life as we peakers once knew it.

  9. Nony on Sat, 15th Apr 2017 9:31 pm 

    Natural gas production in the US is up 50% since 2005 and the price is a third of what it was then.

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