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happyslug

(14,779 posts)
3. The Real problem is how long will new gas wells produce?
Thu May 30, 2013, 05:35 PM
May 2013

Unlike "conventional" wells, these wells are known for a short production life span. Most gas will be produced in the First 36 months of production, then a rapid decline.

One site says Eight years:
http://www.marcellus-shale.us/Marcellus-production.htm

While the wells may last eight years, 80% of the gas is pumped in the first year:
http://seekingalpha.com/instablog/121744-mark-anthony/723041-implication-of-shale-gas-boom-and-bust-examined

Most fields are almost all gone within 3 years (through they may produce a small amount of gas for 20 years afterward):



http://www.investingdaily.com/16360/the-coming-natural-gas-explosion/

Report calling the Gas boom and bubble:

http://www.desmogblog.com/2013/05/08/interview-energy-investor-bill-powers-discusses-looming-shale-gas-bubble


http://peakoil.com/enviroment/the-fracked-up-usa-shale-gas-bubble

Shale Oil in the US:



Chart showing what is expected in Gas Production, rapid increase, quick peaking (c2017) then rapid decline:

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