CALGARY AND NEW YORK, Oct. 8, 2012 /PRNewswire/ -- ITG (NYSE: ITG), a leading independent execution and research broker, today announced the release of a comprehensive report analyzing recoverable onshore oil and gas resource in the lower 48 United States (L48). The 64-page report, No More Guessing: Hardcore IV estimates total remaining recoverable resource at 1.1 quadrillion cubic feet equivalent (Qcfe) across 450,000 drilling locations. The new ITG report also noted estimated recoverable resource of 900 trillion cubic feet equivalent (Tcfe) in 10 overlapping plays compared to 426 Tcfe for those same plays noted in a study by the US Energy Information Agency.
The new ITG study is based on a county-by-county dispatch curve for 37 major onshore plays. According to the study, of the 1.1 Qcfe in resource, over 680 Tcfe comes from gas-prone counties, 210 Tcfe from liquids-rich counties and over 30 billion barrels of oil equivalent (Bboe) from oil-prone counties. The Marcellus shale holds the largest remaining recoverable resource at 330 Tcfe, followed by the Eagle Ford and Bakken shales at 152 Tcfe (25 Bboe) and 72 Tcfe (12 Bboe), respectively.
Other key findings:
For more information on the comprehensive ITG Investment Research study, No More Guessing – Hardcore IV, please email email@example.com
About ITG Investment Research
ITG Investment Research covers over 300 companies in more than 20 sectors, and was ranked second overall for analyst quality in Greenwich Associates' 2012 U.S. Equity Research Survey. The energy research is produced by ITG's dedicated team of Calgary-based geologists, engineers and financial analysts, who cover every major energy play in North America as well as many international plays.
ITG is an independent execution and research broker that partners with global portfolio managers and traders to provide unique data-driven insights throughout the investment process. From investment decision through settlement, ITG helps clients understand market trends, improve performance, mitigate risk and navigate increasingly complex markets. ITG is headquartered in New York with offices in North America, Europe, and Asia Pacific. For more information, please visit www.itg.com.