Survey

U.S. natural gas proved reserves, estimated as wet gas (including natural gas plant liquids) increased by 11% in 2009 to 284 Tcf — the highest level since 1971 — according to the U.S. Energy Information Administration (EIA). Shale gas plays led the charge, the agency said.

The U.S. Geological Survey (USGS) last week sharply revised downward its estimate of conventional, undiscovered oil within the National Petroleum Reserve in Alaska (NPRA) after “recent exploration drilling” revealed “gas occurrence rather than oil in much of NPRA.”

The U.S. Geological Survey (USGS) on Tuesday sharply revised downward its estimate of conventional, undiscovered oil within the National Petroleum Reserve in Alaska (NPRA) after “recent exploration drilling” revealed “gas occurrence rather than oil in much of NPRA.”

Despite a decline in the survey’s top spot, overall natural gas marketing was up 6.2% year over year. read more

The public’s perception of the energy industry overall has declined more than 10% in the last six months, according to a recent survey that attributes the drop to the blowout of BP’s Macondo well in the Gulf of Mexico (GOM), which has caused the nation’s worst environmental disaster.

The public’s perception of the energy industry overall has declined more than 10% in the last six months, according to a recent survey that attributes the drop to the blowout of BP’s Macondo well in the Gulf of Mexico (GOM), which has caused the nation’s worst environmental disaster.

A bill that would have placed a three-year moratorium on leasing of state forest land in Pennsylvania’s Marcellus Shale for natural gas exploration, drilling or production was referred to a committee Wednesday by the state’s Senate, which effectively killed the legislation for now.

About 30% of the world’s undiscovered natural gas could be trapped beneath the land and waters of the Arctic north, according to a new assessment by geologists at the U.S. Geological Survey (USGS). Additionally, 13% of the world’s undiscovered oil could lie in the region.

About 30% of the world’s undiscovered natural gas could be trapped beneath the land and waters of the Arctic north, according to a new assessment by geologists at the U.S. Geological Survey (USGS). Additionally, 13% of the world’s undiscovered oil could lie in the region.