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Questerre is involved in the oil shale operations through its equity investment in Red Leaf Resources, an owner of proprietary EcoShale In-Capsule Technology for shale oil extraction and leases in Utah and Wyoming. The company was co-founded in 2000 by the Norwegian businessman Peder Paus and the Canadian businessman Michael Binnion. [5]
Tight oil formations include the Bakken Shale, the Niobrara Formation, Barnett Shale, and the Eagle Ford Shale in the United States, R'Mah Formation in Syria, Sargelu Formation in the northern Persian Gulf region, Athel Formation in Oman, Bazhenov Formation and Achimov Formation of West Siberia in Russia, Arckaringa Basin in Australia, Chicontepec Formation in Mexico, [1] and the Vaca Muerta ...
Shale gas is an unconventional natural gas that is found trapped within shale formations. [1] Since the 1990s, a combination of horizontal drilling and hydraulic ...
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.
Environmental Protection Agency illustration of the water cycle of hydraulic fracturing. Fracking in the United States began in 1949. [1] According to the Department of Energy (DOE), by 2013 at least two million oil and gas wells in the US had been hydraulically fractured, and that of new wells being drilled, up to 95% are hydraulically fractured.
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]
Industry estimates suggest shale gas in Lancashire alone could deliver £6bn of gas a year for the next three decades. [22] In 2011 and 2012, IGas Energy drilled a deep well to evaluate shale gas, and found gas shows in the Bowland Shale, with total organic content averaging 2.7%. The formation was reported to be thermally mature, in the wet ...
Shale gas and condensate is produced from the Duvernay Formation in central Alberta using horizontal drilling and multi-stage hydraulic fracturing. [5] $2 billion was paid for leases during 2010 and 2011. Prices for land remained high as of June, 2012 despite costs of drilling being expensive. Parts of the deposit show total organic carbon of ...