Yesterday's announcement IMO was overlooked by the market?
Marcellus Shale reserves could meet U.S. natural gas needs for 14 years
Sunday, December 14, 2008 By Don Hopey, Pittsburgh Post-Gazette
"Pennsylvania State University geoscientist Dr. Terry Engelder was upbeat last week in telling those attending the first Pennsylvania Natural Gas Summit in State College that there are 363 trillion cubic feet of recoverable gas in the Marcellus shale, enough to supply all of the nation's natural gas needs for 14 years.
That estimate, based on recent deep-well-production reports and better geologic data, is seven times larger than his earlier projections."
