Random Data Point: US Natural Gas Reserves

CNBC is reporting:

An in-depth study of the second most productive natural gas field in the U.S. shows a vast supply of natural gas that will continue for decades.

The study, funded by Alfred P. Sloan Foundation, showed a cumulative 44 trillion cubic feet of recoverable reserves from Barnett, with production declining through the year 2030. The U.S. in total is expected to have natural gas resources of 2,200 trillion cubic feet.

And, again, the Bakken is mentioned:

But the shale resources are turning out to be even richer than expected, in both gas and oil. "There's a great expression in the oil business: 'Oil's been found where it's been found before," said Tinker. "These big oil and gas rich basins already are producing from the conventional reservoirs that leaked off of the shale. Most of these big basins — the Permian Basin, the Bakken — these have rich source rocks."

"The source rocks are the kitchen where the oil and gas are cooking, and the gas and oil leaked out of the kitchen into the conventional reservoir. We've drilled the conventional reservoir," he said. "There's still some to be drilled, but the kitchen is what we're drilling now, and it contains a lot more oil and gas than what was leaked."