This story, from the NY Times, talks of doubling the US natural gas
reserves from two new fields. Peak gas?
Full story at
http://www.nytimes.com/2008/07/29/us/29boom.html?hp=&pagewanted=print
Gene Coyle
Gas Rush Is On, and Louisianians Cash In
By ADAM NOSSITER
MANSFIELD, La. — They had to repeat the amazing number, $28.7 million,
over and over, to make sure it was real and would not go away. Even
then, the members of the De Soto Parish Police Jury — the county
commission — could hardly believe it.
They laughed, rocked back in their chairs, shook their heads, stared
at the ceiling and muttered oaths to each other. “We have — $28.7
million,” said the president, Bryant Yopp, to settle the matter,
definitively if still incredulously. It was nearly one and a half
times the parish’s entire annual budget.
A no-holds-barred, all-American gold rush for natural gas is under way
in this forgotten corner of the South, and De Soto Parish, with its
fat check from a large energy company this month, is only the latest
and largest beneficiary. The county leaders and everyone around them,
for mile after mile, over to Texas and up to Arkansas, in the down-at-
heels city of Shreveport and in its struggling neighbors, suddenly
find themselves sitting on what could prove to be the largest natural
gas deposit in the continental United States.
<snip>
“The way I look at it, this is for real,” said Brian J. Harder, a
research associate at the Louisiana Geological Survey, at Louisiana
State University. Mr. Harder said at least five wells on the
Haynesville shale were already three to five times more productive
than a comparable shale formation elsewhere.
“The five wells they’ve made are real,” Mr. Harder said. With
Haynesville and another shale formation in the western New York and
Pennsylvania region, the Marcellus shale, “we’re talking about
doubling the nation’s gas reserves from two fields,” he said.
<snip>
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