Sentences with phrase «shale resources»

In the United States, development of shale resources supported 600,000 jobs in 2010.

While the U.S. has been «the dominant player in the shale revolution until now,» the newspaper cites new estimates showing that Russia and China have potential to rise in the global market by exploiting their own shale resources.

Care to comment on what is known about shale resources elsewhere?

mkantor, I'd be happy to comment on shale resources outside the US.

One topic I note is not discussed your post is shale resources outside the US and Canada.

A new EIA report shows that shale resources in the United States and worldwide represent 10 percent of the world's crude oil and 32 percent of the world's technically recoverable natural gas resources.

EIA estimates that China holds the largest reserves of technically recoverable shale gas in the world, and China was among the first countries outside of North America to develop its shale resources.

Modern hydraulic fracturing combined with horizontal drilling allows multiple wells to be drilled from one spot, reducing the size of the drilling area above ground by as much as 90 percent.4 Fracking is the key to unlocking vast U.S. shale resources, freeing up oil and natural gas that previously was inaccessible while protecting groundwater supplies and the environment.

No need for shale resources.

In order to «fully develop» the Mountain West's oil shale resources, a 16,000 square mile area would have to be stripped of all vegetation, flattened and drilled on a density that would make even Texans blush.

But not everyone thinks it's the best solution to upstate's continued lagging economy.EJ McMahon, President of the fiscally conservative think tank the Empire Center, says the building of resort style casinos won't generate as many jobs as some other industries, like opening up the state's vast shale resources to hydro fracking.

Think about the disruption being caused by electric and autonomous cars in automotive; by regulatory challenges in banking; by shale resources in oil and gas; and by a groundswell of public dissatisfaction in political institutions, to name just a few.

Global shale resources are vast enough to cover more than a decade of oil consumption, according to the first - ever U.S. assessment of reserves from Russia to Argentina.

Adam Sieminski, head of the department's Energy Information Administration, said: «Today's report indicates a significant potential for international shale oil and shale gas, though the extent to which technically recoverable shale resources will prove to be economically recoverable is not yet clear.»

«Looking at shale resources has typically been understated by outside market participants because the geology is new and the technology is growing rapidly,» said Edward Morse, head of commodities research at Citigroup.

If the U.S. develops its oilsands and its oil shale resources in the western states, it will be great news for Canada's energy industry for several reasons, writes Erica Alini.

Energy research group IHS CERA calculates that fully one - half the U.S. shale resource — a 30 - year supply at today's rate of consumption — could be produced at today's prices or less, meaning the market can accommodate a jump in demand without a corresponding price increase.

Not exact matches

News of Linc Energy's estimated shale gas resources in South Australia appears to be benefitting a Perth - based clean energy company.

At the Republican National Convention, Continental Resources Chairman Harold Hamm said that President Obama has tried to «destroy» and derail the shale revolution by imposing «punitive regulations» on the industry.

As fracking became commercially viable, oil and gas drilling companies entered communities with shale gas resources, which can have a number of local effects.

Oil and gas will remain key energy sources despite the presence of shale and other alternative energy resources, the president of oil and gas company BHGE told CNBC on Monday.

Companies such as EOG Resources Inc, one of the financially strongest US shale producers, are turning to drillcos.

While Tillerson has ties to Russia, he partly missed a key energy development back home in the United States by ceding growth potential in the shale oil industry to smaller, more nimble rivals, including Continental Resources.

Monday's assessment indicated that Russia has the largest shale oil resource, with 75 billion barrels.

The new U.S. estimate of world shale gas resources at 7,299 trillion cubic feet is 10 percent higher than a previous estimate made in 2011.

World oil demand is about 90 million barrels a day, suggesting the world shale oil resource covers 10.5 years of consumption.

The report said gas from shale formations increased world natural gas resources by 47 percent to 22,882 trillion cubic feet.

The U.S. Department of Energy estimated «technically recoverable» shale oil resources of 345 billion barrels in 42 countries it surveyed, or 10 percent of global crude supplies.

But the council itself voted June 29 to reject the application by shale gas explorer Cuadrilla Resources to drill four wells in the region and to use fracking to test their ability to produce gas.

US - based shale producers including EOG Resources Inc., Continental Resources, Inc., and Pioneer Natural Resources are set to suffer as oil prices continue to be weighed down by the increased production Trump's policies imply.

The gas is there, quite possibly more than in Alberta — Apache Canada reported what it called «the most prolific shale gas resource test in the world» in B.C.'s Liard Basin a year ago — but at today's prices it's not worth drilling for.

Mark Papa, chairman and CEO of Centennial Resource Development, offers his insight on US shale production at the 2018 CERAWeek by IHS Markit conference in Houston

Under his leadership, EOG Resources developed a reputation as an innovator in drilling processes and technology in that nation's premier shale fields.

Papa, CEO of Centennial Resource Development, is a closely followed figure in the U.S. shale drilling world, where producers rely on advanced techniques to coax oil and gas from tight rock formations.

And Hamm would know, because Continental Resources was a pioneer in making oil from shale rock profitable in North Dakota.

- Continental Resources» (NYSE: CLR) Harold Hamm has said the EIA is overestimating U.S. shale production, arguing that the industry will only grow production by about 500,000 bpd this year instead of the 1 mb / d that the government agency forecasts.

The country is seen as Europe's main driver for shale gas development after other countries with large resources, such as France and Germany, have banned the technology.

Harold Hamm, CEO of Continental Resources, recently had these words of advice for fellow American shale producers: «Save that money.

A final investment decision has been made to move forward with a 1.9 Bcf / d pipeline being jointly developed by Kinder Morgan, DCP Midstream and Targa Resources that would allow more shale gas to move from the Permian Basin to the Texas Gulf Coast after the project secured long - term shipper commitments for about 85 % of its capacity, the companies said Thursday.

China has cut resources tax on shale gas production by 30 percent from April 1, the Ministry of Finance said on Tuesday, as the world's largest energy consumer aims to Continue Reading

More shale natural gas from basins in Oklahoma can find its way to the market with increased network access, shale producer Continental Resources said.

Another is Harold Hamm, owner of Continental Resources, who opened up the Bakken shale oil fields and supports Republicans.

CORPORATE FINANCING NEWS ： MERGERS & ACQUISITIONS By Gordon Platt Pipeline deals, shale - energy plays and natural resources transactions — often involving Asian buyers — provided an energetic start to mergers and acquisitions in 2013.

You can see this paradigm shift in that many of these shale producers have gone out and invested a lot of capital over the years and now, over the next two years or so, we're going to start to see a free cash flow payback on that initial investment and infrastructure in fracking and developing their resource.

The US oil industry has slowed down: but EOG Resources, the country's largest shale oil producer, has forecast a return to «double - digit» production growth if the US benchmark, West Texas Intermediate, rises to $ 65 per barrel or higher.

«So I thank Governor Cuomo for being open to the economic, employment and energy benefits that would accrue from safely extracting natural gas from gas - bearing shale formations in New York State, but I am grateful that he has prioritized the health of New Yorkers and the long term protection of the State's irreplaceable natural resources over a short term energy and economic boost from hydrofracking.»

Romania poses enormous shale gas resources, which is attracting interest from U.S. energy companies.

Controversial techniques such as fracking have ushered in a new era, as they allow hard - to - reach resources, such as gas trapped in shale deposits, to be tapped.

The study by Miller and her colleagues is believed to be the first head - to - head comparison of coal and shale gas from the resource extraction phase through electricity generation.

The EIA expects that nearly half of all the «technically recoverable resources» of shale gas identified so far would be consumed by 2030.