0 Comments for this article

Tags: , , ,

RALEIGH, NC (AP) — A state geologist says estimates of a 40-year supply of natural gas in North Carolina are “wildly optimistic” and that fracking likely won’t uncover enough energy to fuel a large-scale economic boom.

The News & Observer of Raleigh reported assistant state geologist Kenneth Taylor says estimates of a 40-year supply of natural gas are unlikely to be accurate.

State geologists now believe the only safe assumption is that the gas is concentrated around Lee, Moore and Chatham counties. Actual amounts won’t be known until energy companies sink test wells and measure the gas.

Fracking, or hyrdraulic fracturing, is combined with horizontal drilling to uncover natural gas deposits trapped in prehistoric shale rock formations. Gov. Bev Perdue signed an order this week establishing a task force to develop fracking regulations.

(Copyright 2012 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)

Comment on this Story

Related News

Pat McCrory arrives at Trump tower on December 7, 2016 (Photo: CNN)
20 hours ago
0 Comments for this article
Pat McCrory arrives at Trump tower
Read More»
Donald Trump is the 2016 Time Person of the Year (Photo: Nadav Kander/Time)
23 hours ago
0 Comments for this article
Trump is Time magazine’s Person of the Year
Read More»
Donald Trump thanks North Carolina voters during his 2016 Thank You Tour stop in Fayetteville on Dec. 6, 2016. (Photo: Sarah Johnson/WWAY)
1 day ago
0 Comments for this article
Trump says ‘thank you’ to NC supporters
Read More»