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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.
The Marcellus natural gas trend is a large geographic area of prolific shale gas extraction from the Marcellus Shale or Marcellus Formation, of Devonian age, in the eastern United States. [2] The shale play encompasses 104,000 square miles and stretches across Pennsylvania and West Virginia, and into eastern Ohio and western New York. [3]
Where to invest $1,000 right now? ... The pipeline plays a major role in transporting natural gas from the Marcellus Shale to markets along the East Coast. The pipeline is so well situated that ...
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 the U.S., the widespread application of advanced drilling technologies such as horizontal drilling and hydraulic fracturing has sparked a domestic oil and gas boom whose reverberations are ...
Crosstex Energy Inc. Agrees to Invest $50 Million in New Utica Shale Natural Gas Compression and Condensate Stabilization Facilities DALLAS--(BUSINESS WIRE)-- The Crosstex Energy companies ...
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]
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