Breitling Oil and Gas Morning Podcast #168 10-11-12

New records released by the Pennsylvania Department of Environmental Protection on Friday reveal over 85% of state’s shale gas production is now coming from just 6 of the 67 counties that make up Pennsylvania. This follows an eerie pattern of contraction in productive shale gas areas as seen in the Texas Barnett shale formation. Fully half of Pennsylvania shale gas production comes from Bradford and Tioga counties on the New York State border.

This is a far cry from the industry’s early on claims shale gas reserves were to be found in abundance throughout an entire shale formation and could therefore be obtained using a “manufacturing model” of widespread and uniform drilling which resulted in a land rush that threw the state into chaos and uncertainty as the shale gas boom took off in Pennsylvania over the last 5 years.

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