Shale Gas Estimates Decline Sharply In EIA Report

The Energy Information Administration (EIA) has released a report showing drastically lower estimates of natural gas resources in the U.S. The agency estimated there are 482 Tcf of shale gas in the U.S., a decrease of more than 40%. The report also estimated the Marcellus region of New York, Ohio, Pennsylvania and West Virginia contained only 141 Tcf of gas. This is a decrease of 66% from earlier estimates of 410 Tcf.