• Google Bookmarks
  • Twitter
  • Facebook
  • Digg
  • reddit
NC Geologist Says State Natural Gas Supply Estimates Are Overblown PDF Print E-mail
State Government
By Administrator   
Tuesday, 22 May 2012 12:33

RALEIGH, (AP) — A state geologist says estimates of a 40-year supply of natural gas in North Carolina are "wildly optimistic" and that fracking likely won't uncover enough energy to fuel a large-scale economic boom.

The News & Observer of Raleigh reported assistant state geologist Kenneth Taylor says estimates of a 40-year supply of natural gas are unlikely to be accurate.
State geologists now believe the only safe assumption is that the gas is concentrated around Lee, Moore and Chatham counties. Actual amounts won't be known until energy companies sink test wells and measure the gas.
Fracking, or hyrdraulic fracturing, is combined with horizontal drilling to uncover natural gas deposits trapped in prehistoric shale rock formations. Gov. Beverly Perdue signed an order this week establishing a task force to develop fracking regulations.
Last Updated on Tuesday, 22 May 2012 12:34
Copyright 2011 - All Rights Reserved
3012 Highwoods Blvd., Suite 200
Raleigh, NC 27604
Telephone: (919) 790-9392