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Lycoming County Natural Gas Exploration Company Information
Governor's Marcellus Shale Advisory Commission Report July 22, '11
Community Gas Exploration Task Force (CGETF)
CGETF identifies key issues, researches facts and reviews, proposes public policy regarding the positive economic impact of gas exploration of the Marcellus Shale in Lycoming County.
The United States Geological Survey had estimated that the Marcellus Shale contained only 1.9 trillion cubic feet of technically recoverable natural gas in a 2002 publication.
In 2008, Terry Engelder, a Pennsylvania State University geosciences professor called his estimate of 168 trillion cubic feet conservative. State University of New York at Fredonia geology professor Gary Lash has calculated that more than 500 trillion cubic feet of natural gas may be contained in the Marcellus black shale beds that lie between New York state and West Virginia.
At the present level of technology, he believes approximately 10% of this, or 50 trillion cubic feet , could be recovered. This is enough to satisfy approximately two years' of total U.S. consumption, or a total value of approximately one trillion United States dollars.