A report by the U.S. Geological Survey regarding the amount of recoverable natural gas contained in the Marcellus Shale has garnered major press since the agency sent out its Aug. 23 press release detailing its findings, but energy attorneys said the data were not necessarily as newsworthy as either pro- or anti-drilling factions have made them out to be.
Generally, media coverage has focused on two points: that the USGS’ estimate of 84 trillion cubic feet of “undiscovered, technically recoverable” natural gas in the shale represents a 4,100% increase from its previous estimate of 2 trillion cubic feet in 2002; and that the U.S. Energy Information Administration (EIA), which previously relied on industry sources, has said it would slash its own estimate of 410 trillion cubic feet by 80% based on the USGS data.
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