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The Greater Cumberland Committee Presentation

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Transcript

  • 1. Introduction to Marcellus Shale Natural Gas Development
    • Prepared for The Greater Cumberland Committee
    • Date:11/03/2011
    • Speaker - Tejas Gosai, TheMarcellusShale.com
  • 2. Shale
    • Shale is a sedimentary rock commonly deposited in deep ocean water.
      • very fine particles of mud, compressed to form shale rock. Shale is “ tight, ” meaning that the grains are interlocking and hard to pass liquids or gas through
    • Marcellus Shale contains dead organics, which were compressed and cooked over time to form natural gas, which is mostly methane
  • 3.  
  • 4. Shale Plays
  • 5. American Energy Resources
    • Barnett
    • Eagle Ford
    • Haynesville
    • Bakken
    • Marcellus
    • Utica
  • 6. Scope
      • Increase in gas estimates
      • Economics
      • Technology
      • Infrastructure
      • Knowledge
  • 7. Process
    • Increase in gas estimates
    • Economics
    • Technology
    • Infrastructure
    • Knowledge
  • 8. Industry Effects
    • Oil and Gas Business
    • Job Creation
    • Economic Boom
    • Ancillary Businesses
    • Political Climate
    • Miscellaneous Concerns
    The report shows that in the 12 months ending in March, job growth in the United States was 1.3 percent and in Pennsylvania 1.2 percent. But, Butler County saw job growth of 4.2 percent, placing it sixth in the country.
  • 9. Hot Button Issues
    • Land Owner Rights
    • Environmental Concerns
    • Water Impact
    • Legal concerns - forced pooling, etc.
    • Tax
    • Regulation
    • Local, State and Federal Concerns
    • Myth V. Fact
  • 10. TGCC
    • Maryland, Allegany and Garrett
    • West Virginia, Mineral
    • Pennsylvania, Somerset and Bedford
    SWOT - Strengths, Weaknesses, Opportunities, Threats