Post Carbon Fellow Dave Hughes' research on the prospects for shale gas and tight oil were featured in this article at the investment site Motley Fool.
From the article:
David Hughes of the Post Carbon Institute is one of the skeptics and has a very pessimistic view about the production potential of shale wells. For a study that should be released by the Post Carbon Institute next month, Hughes has meticulously analyzed detailed information about individual shale wells, especially those in the Bakken formation of North Dakota and Montana.
His analysis has led him to a sobering conclusion: Bakken wells decline extremely quickly. He finds that, once production from the average Bakken well begins to decline, its production flow falls to a fifth of its peak level within just two years. Separate calculations by the North Dakota Department of Mineral Resources reached a similar conclusion.