The Magnitude Of Natural Gas Reserves In The US -- September 19, 2021

Disclaimer: I often make simple arithmetic errors and often misread things. If this is important to you, go to the source. 

Re-posting.

From a reader who follows the Appalachia, Marcellus, Utica, very, very closely -- 

The well: the Deremer 2HC, 3,617,694 boe  / 22 months on line -- the "Mighty Marcellus' best! 

Succinctly, I present you with data, with some context - current to July, 2021 - of the very best Marcellus well.

 

This in an effort to show the scale of what has been unfolding in the Appalachian Basin ...

Numbers:

• 20,982,624,000 (just shy of 21 billion) cubic feet production (3,627,694 boe using 5.8 conversion factor)
• 658 days online (~22 months)
• July output 18,291 million cubic feet per day, oil energy equivalent of 3,153 barrels per day 
• currently ranked #7 all time producer, on track to be #1 in a few months

Context:

     This one well can provide the annual residential gas needs for the cities of Cincinnati, Pittsburgh, and Buffalo COMBINED. (75,000 cubic feet per  household/year ... 3 persons/household)

The 5 wells on this Deremer pad all came online 22 months ago and have cumulatively produced 70 billion cubic feet ... enough to supply the annual residential gas needs of Philadelphia, Boston and Atlanta COMBINED

At a cost to drill and complete of approximately $50 million, this pad shows the incredible potential to any and all who continue to disparage embracing the  hydrocarbon bounty that lies beneath our feet.

Population / costs:

• the cities:
• Boston: 700,000
• Philadelphia: 1.6 million
• Atlanta: 500,000
• population total: 2.8 million
• one year to drill / complete the wells: $50 million
• $50 million / 2.8 million = $18 / resident / year -- assuming these wells produce for only one year, which, of course, is not the case. 

By the way, this is why the EU has worked so hard to convince Americans of global warming. The gap between the energy available in the US and the EU is absolutely incredible. The EU desperately needs to keep the US from gapping ahead of the EU. The EU will do anything to make US energy costs equal to that of the EU.