Much European comment from the “experts”, also known as those who never saw shale coming, holds to a view that Europe shale gas is up to ten years away. Shale isn’t coming to Europe anytime soon, although the indirect impact of US production in places like the Marcellus shale in Pennsylvania means that we get [...]
The sovereign wealth funds of China and South Korea are set to lead a $900m investment in a leading US producer of natural gas from shale rock, becoming the latest Asia-based groups to focus on the sector. China Investment Corporation and Korea Investment Corp are in advanced negotiations to join a consortium planning to acquire [...]
Barnett (Central Texas) The area where the industry first unlocked natural gas from shale by using horizontal drilling techniques and hydraulic fracturing, a process that shoots chemical-laced water into the deposit to crack the rock. Early indicators of potential production in 2015: four billion cubic feet (bcf) a day. Haynesville (Northwest Louisiana, East Texas, Arkansas) [...]
The Fort Worth Business Press carried an article this week called: “Shale plays push up natural gas supplies to record levels”. It was written by Robert Francis. The article contributes the record levels of natural gas to U.S. natural gas shale plays in Haynesville, Barnett and Marcellus. On June 18, the Potential Gas Committee (PGC) [...]
