The energy landscape is changing fast with so-called “unconventional” forms fast becoming the new norm, says accounting firm Ernst & Young. Of the $317 billion worth of oil and gas deals struck in 2011, $66 billion were shale-related transactions, up from $55 billion the year before. That trend is set to continue, and at the [...]
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 [...]
Total SA has increased its exposure to US shale holdings by entering into a joint venture with shale industry leader Chesapeake Energy and EnerVest Ltd. Total agreed to pay $700m for a 25 per cent stake in shale assets totalling 619,000 acres rich in liquids as well as natural gas, held by Chesapeake and EnerVest [...]
Total SA is seeking to increase its exposure in the U.S. shale sector. Speaking at the World Shale Gas conference in Houston, John Bannerman, chief executive officer of Total E&P USA, said that the company was exploring new joint ventures or becoming an operator. “We’re very clearly on the lookout,” said Bannerman. Total is targeting [...]
Argentina could reverse its falling natural gas reserves and production if the right incentives are put in place to exploit what are thought to be vast deposits of unconventional gas, an Apache Corp. executive said Wednesday. Apache Argentina country manager Michael Bose said the drilling and extraction technologies that gave rise to the unconventional gas [...]
Is there an exaggerated quality to the extraordinary projections and tens of billions of dollars pouring into shale gas, the newly available fuel that has shaken up markets and geopolitics? The answer is yes — estimates for global shale gas reserves and future production are all but certainly over the top; likewise, the world’s major [...]
Rejecting what it called an “inaccurate and misleading article,” Chesapeake Energy Corporation struck back at the New York Times. In this past Sunday’s edition, the Times accused the Chesapeake of exaggerating the productivity of shale gas wells and industry reserve estimates of future well performance. Aubrey K. McClendon, Chesapeake’s Chief Executive Officer, commented, “Chesapeake stands [...]
The administration of President Cristina Fernandez will not export natural gas even if potentially massive deposits of unconventional gas turn out to more than enough to supply the domestic market. Planning Minister Julio De Vido told reporter that even if the gas reserves are found to be very large, they will be targeted for local consumption, [...]
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 [...]
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 [...]
