North Slope Called Promising Shale Play
If Alaska’s North Slope joins the shale revolution, there’s likely plenty of natural gas to be found, according to a new analysis from the U.S. Geological Survey.
The report estimates 42 trillion cubic feet of shale gas remains trapped, but technically producible, within the mother rocks of the great Prudhoe Bay oil and gas field and other shale formations. That’s more than the North Slope’s proved gas reserves.
But for a variety of reasons, it’s unlikely that this volume ever will be fully produced or that significant production will begin soon.
Posted: August 7, 2012