Matthew Scotland, Energy Reports Writer, Visiongain provides an overview of The Shale Gas Market 2011-2021 The amalgamation of hydraulic fracturing and horizontal drilling technologies in the 1980s enabled the US to become the pioneers of commercial shale gas production. Although the first shale gas well was drilled in 1821, the technical and economic feasibility of [...]
U.S. based multinationals have taken a leading role in the emerging shale gas play in Poland. Chevron Corp., Marathon Oil and ExxonMobil all have taken significant, strategic land positions. Polish newspaper Rzeczpospolita is reporting that PKN ORLEN will soon become a significant shareholder in a number of U.S. shale gas fields owned by an unnamed [...]
Exxon Mobil has warned that any new government regulations on hydraulic fracturing could stop shale exploration. “Government policies did not cause the shale gas revolution in this country — but they could stop it in its tracks,” Ken Cohen, vice president of public and government affairs of the largest U.S. natural gas producer said in [...]
Nexen Inc., is acquiring a 40 percent working interest in ten of Marathon Oil Corp’s concessions in Poland’s Paleozoic shale play, where the company has 2.3 million acres. The U.S. Energy Information Administration has estimated that Poland holds Europe’s largest reserves of technically recoverable shale gas reserves at 5.3 trillion cubic metres, Marathon said it [...]
The natural gas industry could ease public concerns regarding potential water contamination from fracking (hydraulic fracturing) by supporting “common sense” regulations, according to White House economic adviser Gene Sperling. Fracking, a process whereby water, sand and chemicals are injected into rock formations to obtain oil and gas, is mostly exempt from U.S. Environmental Protection Agency [...]
Speaking on US shale gas development at Shale Gas Eastern Europe 2011 in Warsaw, Poland, Daniel G. Rathan, Director A&D at Tudor Pickering Holt & Co. remarked, “The growth in this sector of the industry is just incredible. The Barnett shale had production in the early 90s, but the explosion of production happened in 2006 [...]
Encana Corp. recently announced a new shale gas play in Alberta that could eventually rank alongside bigger North American plays in British Columbia, Louisiana and Texas. According to company officials, Encana has acquired almost 100,000 hectares over the Duvernay shales in the west central region of the province near Whitecourt and Fox Creek, which is [...]
As gasoline approaches a national average of $4 per gallon, a new push to exploit shale gas may offer some relief to American’s feeling the pinch petrochemicals on their wallets. In recent years, a combination of techniques – horizontal drilling and hydraulic fracturing or “fracking” — have made it possible to extract shale gas economically. [...]
In an Op-Ed piece for the New York Times, Joe Nocera defends his support for natural gas after backlash over a previous column that argued it would lessen dependence on OPEC and is a fossil fuel that America has a plenitude of, in addition to being cleaner than oil. To read About My Support for [...]
Quicksilver Resources has signed transportation deals that will allow it to scale up production from northeast British Columbia. The Houston-based unconventional gas producers, which was a pioneer in shale plays such as the Barnett field in Texas, has created an operating subsidiary to build the gathering pipelines needed to move the gas onto larger pipeline [...]
