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New Study Put Dollar Amount on Piceance Basin

By Clip Syndicate
The new study is called Piceance to the Pacific- The Economic Advantage the Piceance Basin Has Over Other North American Shale Plays

http://eplayer.clipsyndicate.com/view/12489/6960632 Video: New Study Put Dollar Amount on Piceance Basin
The new study is called Piceance to the Pacific- The Economic Advantage the Piceance Basin Has Over Other North American Shale Plays
http://chic.clipsyndicate.com/video/playlist/12489/6960632?cpt=8&wpid=2637 Thu, 15 Jun 2017 04:05:05 +0000 New Study Put Dollar Amount on Piceance Basin The new study is called Piceance to the Pacific- The Economic Advantage the Piceance Basin Has Over Other North American Shale Plays http://chic.clipsyndicate.com/video/playlist/12489/6960632?cpt=8&wpid=2637 KREX the hundreds of thousands of dollars. two mesa county leaders are heading to washington -- ... and they'll be touting the quote "massive potential" of the "pee-ance" basin... from the bureau of land management to the white house, kristi pollard of the grand junction economic partnership and "derek wagner" of colorado mesa university will present the finding of a new study, placing the dollar amount on "natural gas" contained within the basin, is higher than its ever been before... joining us now live from a "c- n-g" fueling station in grand junction is news channel five reporter brandon thompson... brandon- why do the researchers believe there is so much more money to be made? there's a couple reasons for that jorma, naja-- the first is a revised study from the u-s-g-s that shows the piceance basin is the second largest natural gas reserve in north america, but the second is liquefied natural gas-- pollard and wagner believe across the pond-- the pacific pond that is-- liquid natural gas can have a big splash in asia... <as gas guzzlers nat zoom by... there's another energy for extraction "lng is an up and coming way to untilize the natural gas" natural gas isn't new, but this study is-- saying the now larger than before thought reserve in the picaience basin has more natural gas than almost anywhere on the continent "from our perspective, in northwest colorado, it bewhooves us to figure out a way to smooth out the business cycle so that whatever we can do to open up new export markets for our bnatural gas are things we need to be doing." smoothing out the booms and the busts- but what makes natural gas immune from that? pollard says the customers they're looking at do more deals down the road "in japan, in particular they,re looking at this as their long-term energy supply and we have the quantities to supply them." japan is the world's largest importer of natural gas... according to reuters 70- percent of japan l-n-g contracts are long term... but the japan's largest importer "jera" tells reuters it wants to cut those contracts by more than a third in over a decade... the government seemingly has a diffent sight-- telling the same news agency that trucks will soon have to make a transition "there have been some letters of intent from some of the partners in japan to the federal regulatory commission about there intentions" the study estimates that over 130-billion dollars could be generated from just 20% of the basin's estimated capacity-- but that means 13- thousand wells to be drilled... just last april a gas leak caused this scene on the front range, but wagner trusts state regulations will protect our land out west " colorado is at the fore front in terms of having the most stringent envirnonmenta l regulations in the country so if there's a place to do it and do it right, its in northwest colorado." but to get it to northwest colorado, pollard and wagner will head to washington to advocate for the jordan cove pipeline project" > the study that puts the dollar




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