The Consequences of Drilling for Natural Gas

According to the US Department of Energy Information, the United States relies on importing about 40% of crude oil. This is the lowest dependency rate since 1991. Today, Japan is making efforts to reduce dependence more and more. When it comes to the future of the United States to acquire the fuel in the future, most of us think that by using natural gas already in our land, the United States should become more independent I accept. However, this discussion is usually finished as a result of natural gas drilling.

Unlike Marcellus shales targeting natural gas, Permian drilling is completely concentrated in crude oil. Natural gas is a good tradeoff for the accompanying petroleum. But drilling frenzies in West Texas and New Mexico proved this excess of natural gas. Crude oil has a pipeline bottleneck, but natural gas pipeline does not have enough space. Permian Wahahab petrol prices fell to the lowest historical 25 cents / MMB tu. In some cases, producers actually sold some natural gas at a negative price. This means that a company pays gasoline cancellation fee to someone else. According to the Natural Gas Information Agency (NGI), the lowest price on Tuesday was -25 cents / MMB tu (apparently 25 cents). This is the 2nd consecutive day with price in the negative zone.

Natural gas was accidentally discovered in ancient China because it was caused by saltwater drilling. China used natural gas for the first time in 500 BC (and perhaps 1000 BC). In the Ziliujing area of ​​Sichuan Province, they discovered a way to transport gases that are leaking to places where salt water was used to extract salt water from the bamboo crude oil pipeline. The world's first natural gas industry began in Fridonia, New York, USA in 1825. By 2009, 66,000 km 3 (or 8%) was used for the remaining recoverable natural gas reserves of an estimated 850,000 km 3. The world's natural gas consumption in 2015 is estimated to be about 3,400 square kilometers per year, and the remaining economically recoverable natural gas reserves are estimated to continue for 250 years at the current consumption rate. If the amount used per year increases by 2 to 3%, there is a possibility that the current collectible reserves will be greatly reduced significantly. Probably it is 80 to 100 years.