The USGS updated its assessment of the Haynesville and Bossier formations along the US Gulf Coast to 304.4 Tcf, 4.0 Bbo and 1.9 Bbbl of NGLs in mean undiscovered, technically recoverable resource. This is more than four times the agency’s 2010 assessment of the formations. It also surpasses the USGS’ first assessments of the Appalachian Basin’s Marcellus (84 Tcf, 3.4 Bbbl NGLs) and Utica (38.2 Tcf, 940 MMbo, 208 MMbbl NGLs) formations earlier this......
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