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ITG Investment Research: U.S. Energy Reserves More than Double Official Estimates

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Findings in New ITG Study of Lower 48 States Oil & Gas Plays 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 ...

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