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Natural Gas Revolution Is Overblown, Study Says http://apocadocs.com/s.pl?1305290177
A veritable explosion in the number of natural gas wells in the United States in the late 2000's resulted in only modest gains in production, a new study finds, suggesting that the promise of natural gas as a bountiful and economical domestic fuel source has been wildly oversold.
The findings, part of a broader analysis of natural gas published Thursday by the Post Carbon Institute, an energy and climate research organization in California, is one of a growing number of studies to undermine a natural gas catechism that has united industry, environmental groups and even the Obama White House in recent years....
But the actual productivity profile of new, unconventional wells -- often tapped at tremendous expense -- is far less clear than is normally portrayed, Hughes said. Studies at existing fields, or plays, suggest that many shale wells tend to be highly productive in their first year, and then decline steeply -- sometimes by as much as 80 percent or more -- after that, requiring new wells to be plumbed....
If that's the case, Hughes said, then those hoping that the shale gas boom might one day provide enough natural gas to replace coal for electricity generation, or oil as a transportation fuel, will be sadly disappointed. Indeed, he said, the number of new wells that would be needed to meet these goals would create a dystopian landscape of well pads and gas pipelines that few people would want to inhabit.
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