NEWS BULLETIN
| March 12, 2019 --- Vol. 25, No.10 | March 2019
|
AEX to test Nanushuk at Placer No. 3
Access to one of the nation's most promising natural gas-bearing regions in the Rocky Mountains of Wyoming and Colorado may be much more restricted than previously thought, the U.S. Department of Energy said June 6.
A study found that nearly 68 percent of the Green River Basin's technically recoverable natural gas resource — as much as 79 trillion cubic feet of natural gas — is either closed to development or under significant access restrictions. The basin was chosen as the first to be studied in the Rockies because it contains the largest amount of estimated technically recoverable natural gas resources in the Rockies. About 30 percent of the gas resources are completely off limits, with about 1 percent underlying lands such as national parks and wilderness areas that are closed by statute. An additional 38 percent of the federal natural gas resource has some type of leasing stipulation that would restrict access although not prevent it completely. The remaining 32 percent is subject to standard lease terms, which still dictate that the lessee comply with a number of environmental requirements.
|
Print this story
Petroleum News - Phone: 1-907 522-9469
[email protected] --- https://www.PetroleumNews.com
S U B S C R I B E
CLICK BELOW FOR A MESSAGE FROM OUR ADVERTISERS.
|
