Huge reserves of natural gas under East Texas will fuel the future economy, experts say

Posted: May 22, 2017 by oldbrew in Analysis, Energy, Geology
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Credit: tylertexasonline.com


Some experts call it ‘unprecedented’. But as the Tyler Morning Telegraph reports: ‘there’s a caveat. Technically recoverable doesn’t mean profitable – yet.’

As far back as 1911, geologists predicted that significant mineral wealth lay below East Texas, in what was then called the Woodbine Stratum – a formation above the Haynesville Shale.

And Columbus Marion “Dad” Joiner proved them right in 1930, when the Daisy Bradford No. 3 well struck oil just outside Henderson in western Rusk County.

It was really just a drill stem test – they weren’t expecting to hit anything. But at 3,592 feet, Joiner tapped into what was for years thought to be the largest oil and gas reserves in the world. But no-one predicted the vastness of the energy wealth available here.


Last month, the U.S. Geological Survey announced a re-evaluation of the Haynesville and Bossier shale formations. Instead of the previously estimated 61.4 trillion cubic feet of natural gas available (as of 2011), USGS now said there’s 304 trillion cubic feet.

“These estimates, the largest continuous natural gas assessment USGS has yet conducted, include petroleum in both conventional and continuous accumulations, and consist of undiscovered, technically recoverable resources,” the USGS says.

This is big news for East Texas and the nation as a whole.
“The new maps are very impressive,” said Ernest LaFlure, who retired as vice president of EOG Resources’ Tyler division in 2015. “I’d say they’re unprecedented.”

These huge reserves under East Texas, along with two important trends – the export of liquid natural gas and the conversion of the nation’s electrical generation from coal to cleaner and cheaper natural gas – will have a positive long-term effect on the East Texas economy.

Continued here.

Comments
  1. oldbrew says:

    From the news story:

    ‘What’s really exciting is all of the petrochemical and LNG investments we are seeing along the Gulf Coast,” said Steve Everley, of Texans for Natural Gas. “They’re all being built here, not overseas, because of the abundance of oil and natural gas in Texas. These are each multi-billion dollar projects that support thousands of good-paying jobs.”

    In fact, there are seven major LNG projects currently underway in Texas, from the Rio Grande Valley to Corpus Christi to Freeport to Port Arthur. Together, they could have an economic impact of more than $145 billion and support more than 70,000 jobs in Texas.
    – – –
    Sounds like Big Business. Meanwhile most European leaders just want all this to go away.

  2. tom0mason says:

    With this and the Japanese/Chinese push on methane hydrate recovery reported earlier, the future looks quite bright. If only there was some recoverable natural gas in Europe, maybe the UK government could look at the fracking idea again.

  3. tom0mason says:

    Thanks for the heads-up on that David Johnson.
    I note that leaving the EU is a massive positive move for the UK. The EU is all about regulating an industrial decline — limit fossil fuels, limit basic chemical availability (e.g. why is borax unavailable to consumers in Europe?), ban GM, limit imports, limit pesticides, etc, etc.
    Then I saw this http://www.telegraph.co.uk/news/politics/10518120/New-EU-fracking-law-plan-threatens-Britains-shale-gas-boom.html , in other words limit or ban “unconventional” fuels because of the EU’s demented fixation on ‘CO2 is pollution’ madness.

  4. dscott says:

    And when the mini-ice age bites hard in the next few years, we will either see the AGW delusion break allowing fracking to warm their cold hides OR mass migration of Europeans to areas of the world where sanity reigns.

    It amazes me that thousands of senior citizens in the UK die every winter from a lack of heat in their homes due to high fuel prices and NOT one politician that I have heard about was held accountable for their deaths. In the US, we would have figuratively hung them from the lamp posts. They would have been run out of office. But this goes to show that Socialism in any form, especially Green Socialism is insidiously deceptive in pushing pie in the sky ideas with drastic consequences. It also shows that when a society has for so long lived under the influence of Socialism, it takes a lot of misery to finally break down the fallacy of it for all to see. Just look at the most recent example, Venezuela. Socialism is just another euphemism for rule by the Sagacious (the elite).

    Is it that the UK didn’t have a person like James Madison decrying the Sagacious? Federalist Paper # 62 (start reading at section 4) http://avalon.law.yale.edu/18th_century/fed62.asp . What is the record of cynicism in the UK regarding government officials and their campaign supporters?

    …A good government implies two things: first, fidelity to the object of government, which is the happiness of the people; secondly, a knowledge of the means by which that object can be best attained. Some governments are deficient in both these qualities; most governments are deficient in the first…

    …Another effect of public instability is the unreasonable advantage it gives to the sagacious, the enterprising, and the moneyed few over the industrious and uniformed mass of the people. Every new regulation concerning commerce or revenue, or in any way affecting the value of the different species of property, presents a new harvest to those who watch the change, and can trace its consequences; a harvest, reared not by themselves, but by the toils and cares of the great body of their fellow-citizens. This is a state of things in which it may be said with some truth that laws are made for the FEW, not for the MANY.

    In another point of view, great injury results from an unstable government. The want of confidence in the public councils damps every useful undertaking, the success and profit of which may depend on a continuance of existing arrangements. What prudent merchant will hazard his fortunes in any new branch of commerce when he knows not but that his plans may be rendered unlawful before they can be executed? What farmer or manufacturer will lay himself out for the encouragement given to any particular cultivation or establishment, when he can have no assurance that his preparatory labors and advances will not render him a victim to an inconstant government? In a word, no great improvement or laudable enterprise can go forward which requires the auspices of a steady system of national policy.

    But the most deplorable effect of all is that diminution of attachment and reverence which steals into the hearts of the people, towards a political system which betrays so many marks of infirmity, and disappoints so many of their flattering hopes. No government, any more than an individual, will long be respected without being truly respectable; nor be truly respectable, without possessing a certain portion of order and stability.

    You do realize, James Madison was speaking of his experience as an English subject warning his fellow citizens not to allow the mistakes of the past to destroy the newly forming republic in the late 1700’s? There is nothing new under the sun, just that we have forgotten the lessons of the past which doomed us to repeat them. The US was no exception and neither is the UK. Denounce the greed of the elites and their bought and paid for mouthpieces, the politicians.

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