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Insiders alarmed amid natural-gas rush

By: pdowd in ROUND | Recommend this post (0)
Sun, 26 Jun 11 6:29 PM | 38 view(s)
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From my personal experience as a royalty payee of shale gas plays this is not entirely accurate...but something to consider none the less! PD

Insiders alarmed amid natural-gas rush
Ian Urbina
The New York Times
Published: Sunday, June 26, 2011 at 6:01 a.m.
Last Modified: Saturday, June 25, 2011 at 10:56 p.m.

Natural gas companies have been placing enormous bets on the wells they are drilling, saying they will deliver big profits and provide a vast new source of energy for the United States.

But the gas may not be as easy and cheap to extract from shale formations deep underground as the companies are saying, according to hundreds of industry emails and internal documents and an analysis of data from thousands of wells.

For the rest of the story:
http://www.dailycomet.com/article/20110626/WIRE/110629560/1212?p=1&tc=pg


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