Monday, June 3, 2013

UK Shale Gas Resources Could Be Huge

A British energy firm has revealed it may be sitting on significantly more gas than previously thought following a study of its prospective shale gas deposits in northern England.

IGas had previously said it had about nine trillion cubic feet of shale gas. It now estimates that its licence to explore areas in the North West could contain more than 170 trillion cubic feet of shale gas.

The figure would put it close to the same league as rival Cuadrilla Resources, which has estimated prospective reserves of at least 200 trillion cubic feet (tcf).

http://news.sky.com/story/1098699/igas-uk-shale-gas-resources-could-be-huge