Introduction to Introduction to Marcellus Shale Marcellus Shale Natural Gas Natural Gas Development Development Prepared for The Greater Cumberland Prepared for The Greater Cumberland Committee Committee Date:11/03/2011 Date:11/03/2011 Speaker - Tejas Gosai, Speaker - Tejas Gosai, TheMarcellusShale.com TheMarcellusShale.com
This document is posted to help you gain knowledge. Please leave a comment to let me know what you think about it! Share it to your friends and learn new things together.
Transcript
Introduction to Introduction to Marcellus Shale Natural Marcellus Shale Natural Gas DevelopmentGas DevelopmentPrepared for The Greater Cumberland Prepared for The Greater Cumberland CommitteeCommittee
ShaleShaleShale is a sedimentary rock Shale is a sedimentary rock commonly deposited in deep commonly deposited in deep ocean water.ocean water.
very fine particles of mud, very fine particles of mud, compressed to form shale rock. compressed to form shale rock. Shale is Shale is ““tight,tight,”” meaning that meaning that the grains are interlocking and the grains are interlocking and hard to pass liquids or gas hard to pass liquids or gas throughthrough
Marcellus Shale contains dead Marcellus Shale contains dead organics, which were compressed organics, which were compressed and cooked over time to form and cooked over time to form natural gas, which is mostly natural gas, which is mostly methane methane
Shale PlaysShale Plays
American Energy American Energy ResourcesResources
BarnettBarnett
Eagle FordEagle Ford
HaynesvillHaynesvillee
BakkenBakken
Marcellus Marcellus
UticaUtica
ScopeScope
Increase in gas estimatesIncrease in gas estimates
EconomicsEconomics
TechnologyTechnology
InfrastructureInfrastructure
KnowledgeKnowledge
ProcessProcess
Increase in gas estimatesIncrease in gas estimates
EconomicsEconomics
TechnologyTechnology
InfrastructureInfrastructure
KnowledgeKnowledge
Industry EffectsIndustry Effects
Oil and Gas BusinessOil and Gas Business
Job CreationJob Creation
Economic BoomEconomic Boom
Ancillary Businesses Ancillary Businesses
Political ClimatePolitical Climate
Miscellaneous Miscellaneous ConcernsConcerns
The report shows that in the 12 months ending in March, job growth in the United States was 1.3 percent and in Pennsylvania 1.2 percent. But, Butler County saw job growth of 4.2 percent, placing it sixth in the country.
Hot Button IssuesHot Button Issues
Land Owner RightsLand Owner Rights
Environmental ConcernsEnvironmental Concerns
Water ImpactWater Impact
Legal concerns - forced pooling, etc. Legal concerns - forced pooling, etc.
TaxTax
RegulationRegulation
Local, State and Federal ConcernsLocal, State and Federal Concerns