Md. Natural Gas Value: $5.9 Billion To $49 Billion

CUMBERLAND, Md. (AP) — A study of natural reserves in western Maryland puts the prospective lifetime value at $5.9 billion to $49.1 billion.

University of Maryland Extension workers who crunched the numbers said Friday that Garrett County has about twice the production potential of neighboring Allegany County.

The study was done to educate public officials and private citizens about untapped reserves of natural gas in the Marcellus Shale, a mineral-rich geological formation that extends from New York to Virginia.

Two drilling companies are seeking permits to extract the gas through a hotly debated process called hydraulic fracturing.

The estimates are based on today’s natural gas prices. They don’t include gas reserves on state-owned land.

(Copyright 2011 by The Associated Press. All Rights Reserved.)

Comments

One Comment

  1. Truth says:

    There is enough hot air and gas in the State Senate!

  2. J says:

    It’s only worth what they can charge for it and you can bet your bottom dollar they will charge you as much as they can for every bit of it.

  3. Herman Glimsher says:

    START DRILLING………..THEN THE NICE CLEAN GAS CAN BE BURNED INSTEAD OF COAL TO GENERATE ELECTRICITY….

    OR, WE COULD USE ALL THAT HOT AIR IN THE SENATE TO GENERATE ELECTRICITY

  4. S says:

    Great….only if they can extract it without using the fracturing method. All the studies and stories I read and heard about this method is that it is nothing but trouble. It poisons the groundwater and the EPA can’t do much about it. Definitely read up on it before allowing it to happen in your backyard.

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