Never mind that hydraulic fracturing was once again linked to an earthquake, this time a 4.0 tremor in Ohio on New Year’s Eve, the year 2012 kicked off in impressive fashion for the shale industry, which has been revolutionized by the controversial drilling practice. Undaunted by the environmental and geological challenges, two oil giants signed [...]
BBC Environment analyst Roger Harrabin visits the Louisiana shale fields and writes about the process of obtaining fuel from hard rock. Read the Full BBC Article HERE
Exxon Mobil Corp. said it plans to increase drilling activity for unconventional resources such as shale gas in various areas onshore the U.S. during the second half of this year. “We plan to further increase activity in the Haynesville, Fayetteville, Marcellus, Eagle Ford, and Bakken shale plays,” said ExxonMobil’s Vice President of Investors Relations David [...]
A new article in this month’s edition of The Economist details how global oil giants have, over the last several years, been rushing to join the booming shale industry. From Shell to Total, from BP to Chesapeake and ExxonMobil, nearly every major oil company has been making mergers and acquisitions to become players in the [...]
The Gulf Coast region will produce most of the shale gas in the U.S. in 2020, according to the U.S. Energy Information Administration (EIA)’s Annual Energy Outlook 2010. The Gulf Coast, which contains the Barnett, Haynesville, Cotton Valley, Bossier and Eagle Ford shale plays, will supply 1.5 Tcf of shale gas production in 2020 and [...]
In a press release issued this week, oil and natural gas explorer Exco Resources Inc. announced its plans to buy part of the Haynesville and Bossier shale properties in East Texas from Southwestern Energy Co. at a price of $355 million. The deal comes less than a month after Exco sold 50 per cent of [...]
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) [...]
Petrohawk Energy continued its fundraising juggernaut Tuesday when Kinder Morgan Energy Partners agreed to pay $875 million in cash to form a natural gas gathering and processing joint venture centered on the Haynesville Shale play in Northwest Louisiana. With the creation of KinderHawk Field Services, the small Houston-based exploration and production company will have raised [...]
