Shale Gas Output Decline

1. This is rather serious news because there have been almost no new large oil reserves in field form found since the 1960s here on earth. And the Saudi Fields have peaked which are basically the largest. So, this means that by 2030 we need to be on other sources of energy besides oil including Shale oil here on earth. The alternative is to begin to return to the 1800s with many times the amount of people here on earth now which only would be a complete disaster for everyone. There is one other type of resource: Natural Gas reserves worldwide. After that we have coal and wood to maybe operate Steam powered cars. Then after that we have hydrogen taken from water. But when you do that you reduce the amount of water on Earth and that could create new problems for everyone.

    

   Barnett Shale gas output on decline after 2012 peak, study says ...

   www.dallasnews.com › Business › Energy

   Feb 28, 2013 – University of Texas study says natural gas production from the formation near Fort Worth will fall by more than half in the next 17 years.
2. With other U.S. shale gas plays in decline, is the Marcellus next ...

   www.examiner.com/.../with-other-u-s-shale-gas-plays-decline-is-the-...

   Aug 15, 2012 – Shale gas production from the Haynesville formation currently has a 48% annual output decline rate and despite the addition of 724 new ...
3. Evaluating production potential of mature US oil, gas shale plays ...

   www.ogj.com › Home › More General Interest › More Companies

   Dec 3, 2012 – When potential output from natural gas liquids—mainly from shale gas ... Keep in mind that extrapolating the decline rate trendline to rate = 0 ...
4. Barnett Shale gas output on decline after 2012 peak, study says

   business.topnewstoday.org › Business

   Feb 28, 2013 – Barnett Shale gas output on decline after 2012 peak, study says.
5. Shale Gas Bubble About to Burst: Art Berman, Bill Powers ...

   www.desmogblog.com/.../shale-sas-bubble-about-to-burst-say-energ...

   Nov 13, 2012 – Put simply: There is production decline in the Haynesville and Barnett shales. Output is declining in the Woodford Shale in Oklahoma. Some of ...
6. Shale oil everywhere… for a while | FT Alphaville

   ftalphaville.ft.com › Comment › Blogs

   Aug 13, 2012 – Montana Bakken shale output - Bernstein Research. The decline cannot be explained simply by the number of wells being operated ...

    

   Barnett Shale gas output on decline after 2012 peak, study says

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   Kye R. Lee/Staff Photographer

   Williams naural gas company drilling rig site at their Bob Smith wells location in Flower Mound, TX on July 19, 2010. The location is part of the company's Barnett Shale exploration and production. (Kye R. Lee/The Dallas Morning News)
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   Bloomberg News

   Published: 28 February 2013 10:59 AM

   Natural gas production from the Barnett Shale formation in Texas, the second-largest U.S. gas resource, peaked in 2012 and will fall by more than half in the next 17 years, according to a University of Texas study.
   Annual output from the Barnett Shale will decline to about 900 billion cubic feet in 2030 from about 2 trillion cubic feet in 2012, the Bureau of Economic Geology at the University of Texas in Austin said in a report today.
   The study found that the geologic formation near Fort Worth, contains 44 trillion cubic feet of recoverable gas, enough to supply about nine years of U.S. household demand, based on Energy Department figures. The study's future production estimates assumed average gas prices of $4 per thousand cubic feet.
   Energy explorers such as Chesapeake Energy Corp. have scaled back drilling in the Barnett Shale and other U.S. gas fields after a decade of intensive production flooded domestic markets, depressing prices for the fuel. U.S. gas averaged $3.33 per million British thermal units this year, down 70 percent from the average in July 2008 when prices rose to more than $13, according to data compiled by Bloomberg.
   The Marcellus Shale that underlies several eastern states is the largest U.S. gas resource, according to ITG Investment Research.
   
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   Barnett Shale gas output on decline after 2012 peak, study

    The countries that develop solar, wind, wave and geothermal power will prosper and those that don't likely will fall apart as governments after 2030. This includes countries with by then depleted oil fields and oil shale fields. So, embracing the future is the only way any country can survive long term here on Earth.

   The other problem we are seeing now is caused by the slow increase in the costs of obtaining energy sources from oil and natural gas worldwide. This is one of the leading causes of economic problems and starvation worldwide. This likely will increase as a problem here on earth as oil stocks from all sources begin to dwindle. One reason the U.S. will likely be okay is that it has large reserves of Natural Gas. However, if it sells it all to other nations like China and others and doesn't keep enough for the future everyone in the U.S. will suffer as a result.