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Marcellus Shale Scenarios Fall Short of Maximum Economic Possibility

October 30th, 2013 by WCBC Radio

Two scenarios coming from Maryland’s Marcellus Shale Safe Drilling Advisory Commission would fall far short of reaching maximum economic potential for Allegany and Garrett counties. The Cumberland Times-News reports that the latest report on two possible Marcellus shale gas developments in the state offers two scenarios for drilling in western Maryland.  Neither scenario outlined by a governor's commission would develop anywhere close to 100 percent of the shale gas believed to be available in the state. Local officials, hoping to capitalize on the rich reserve of natural gas in the region, have envisioned 1,000 plus wells. According to the scenarios issued last week, it appears now the  number of wells is more likely going to top out at between 150 and 450. Drew Cobb, Executive Director or the Maryland Petroleum Council, thinks limiting the number of wells would drastically short change western Maryland.  An economic impact study using the 1,000 plus well model projects a tremendous revenue stream for one of the more economically distresses parts of the state.





 

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