Art Berman: Reflections on a Decade of Shale Gas.
In this video Art Berman, Labyrinth Consulting Services, shares research into the economics of drilling and producing unconventional reservoirs in the United States during a presentation to the Houston Geological Society. He discusses the Eagle Ford, Haynesville, Barnett and other shale gas plays. Berman presents graphs that show shale gas uneconomic to drill and produce at current gas prices. He says the public is misled by energy company statements that gas reserves are large and that companies are making a profit from shale gas.
The video is 1 hr. 14 min. which may seem long but it is worth every minute.
Art and I will be participating in a special session at the Geological Society of America’s Annual Meeting in Denver at the end of this month. It should be an eye opening and interesting session to say the least.
Note: Opinions expressed in this video are solely those of Art Berman and are not intended as investment advice.
After Art’s serious presentation here is something fun.