ITG 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.
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