By Deborah Rogers The past few years have brought endless glowing reports about the benefits and promise of shales, both oil and gas. We have been assured of a prolific supply that will continue to be cheap and abundant for decades to come. Unfortunately industry rhetoric has proven overtly optimistic. Reserves and economic benefit are [...]

By Deborah Rogers The University of Texas (UT) issued a press statement recently about a new report examining production data from the Barnett shale in North Texas. Pro-Industry groups proclaimed the report as definitive proof of the abundance of natural gas in the U.S. and its ability to sustain not only domestic demand but also [...]

By Deborah Lawrence Rogers One of the primary metrics used to assess an oil and gas company is its reserve replacement ratio. Investors use this as an indicator of operating performance, good or bad. It is a relatively simple metric which measures the amount of proved reserves added relative to the amount of hydrocarbon produced. [...]