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US shale gas basins, 2011. Shale gas in the United States is an available source of unconventional natural gas.Led by new applications of hydraulic fracturing technology and horizontal drilling, development of new sources of shale gas has offset declines in production from conventional gas reservoirs, and has led to major increases in reserves of U.S. natural gas.
In 2013, the company sold 55,000 net acres in the Northern Eagle Ford Shale and 9,600 net acres in the Haynesville Shale to EXCO for aggregate proceeds of $1 billion. [22] In December 2014, the company sold a large portion of its oil and gas assets in the Marcellus Formation and Utica Shale to Southwestern Energy for net proceeds of $4.975 ...
In November 2009, US President Barack Obama agreed to share US gas-shale technology with China, and to promote US investment in Chinese shale-gas development. [30] China launched a national shale gas research centre in August 2010. Based on existing reports, China may have 30 trillion cubic metres of shale gas reserves. [31]
According to a Dallas Fed survey, US oil company chiefs plan to increase spending in 2025. 58% of shale execs said they would increase spending, and 34% said they would increase investment.
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In September 2013, the consolidation of all gas companies within the PNGiG consortium into one company, under the name Polska Spółka Gazownictwa, was completed. In December 2013, PGNiG announced a cooperation with Chevron in order to scale-up their shale-gas operations faster. [32] Customer service in Tomaszów Mazowiecki (Łódź Voivodeship)
"The natural gas revolution in the U.S., driven by industry innovation, is enabling U.S. chemical manufacturers such as ExxonMobil to invest in North America, create thousands of U.S. jobs and ...