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The inclusion of unconventional shale gas with conventional gas reserves has caused a sharp increase in estimated recoverable natural gas in Canada. [1] Until the 1990s success of hydraulic fracturing in the Barnett Shales of north Texas, shale gas was classed as "unconventional reserves" and was considered too expensive to recover.
On November 29, 2011 Nexen sold 40% of its Horn River, Cordova and Liard basins shale-gas assets in northeast B.C. to Inpex Corp and JGC Corp of Japanese for US$676 million. [94] At the Long Lake project oil is upgraded by a process known as steam assisted gravity drainage. Operates in Canada, Yemen, Colombia, West Africa and the UK (offshore).
The Canadian Association of Petroleum Producers (CAPP), with its head office in Calgary, Alberta, is a lobby group that represents the upstream Canadian oil and natural gas industry. [1] CAPP's members produce "90% of Canada's natural gas and crude oil" [ 2 ] and "are an important part of a national industry with revenues of about $100 billion ...
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.
Shale gas has become an increasingly important source of natural gas in the United States over the past decade, and interest has spread to potential gas shales in Canada, Europe, Asia, and Australia. One analyst expects shale gas to supply as much as half the natural gas production in North America by 2020.
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.
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The agency is suing the consumer reporting conglomerate for violating the Fair Credit Reporting Act that requires Experian and other companies take steps to ensure the information they compile is ...