Facts: Why Methane Gas From Coal Beds are Profitable
New gas plays worthy of consideration and currently a hot topic with shallow well drillers in the oil and gas exploration industry are the coal bed methane wells in Barnett Shale Play, Hunton Lime and Cromwell Sands.
Coal beds can generate large amounts of methane-rich gas and the U.S. is leading the way for development and commercial production of coal bed methane gas.
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Facts About Coal Bed Methane Gas
- Coal is the world′s most abundant energy source
- Coal is a major source of hydrocarbons such as methane gas
- When plant material is converted into coal it generates large quantities of methane-rich gas
- Methane gas is then stored within the coal beds making coal a reservoir as well as a gas source
- It is estimated that coal and methane gas can be found in 13% of all the land in the lower 48 states
- Coal bed methane gas accounted for almost 8% of the U.S. natural gas demand in 2002
- Coal bed methane is currently a huge undeveloped energy resource
- Coal bed and coal mine methane recovery can be very profitable
- Coal bed methane can be used as an clean energy source
- It is a safe, efficient and an environmentally more acceptable energy source
- Methane gas development can be done in association with both coal and petroleum
Over the last 2 decades the development of domestic natural gas supplies declined while consumption increased. There is now greater world market demand for cleaner fuels, and Natural Gas is the very product that is plentiful in our Hunton Lime (Oklahoma) and Barnett Shale Play (North Texas) prospects.
Invest with drillthis.com, methane coal bed and Natural Gas Brokers in Oklahoma and Barnett Shale Texas.
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