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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.
Originally called the E&P Forum (for oil and gas exploration and production), [2] in 1999 the current name was adopted. Most of the world’s leading publicly traded, private and state-owned oil & gas companies, oil & gas associations and major upstream service companies are members. The IOGP claims its members produce 40% of the world’s oil ...
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]
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Shale gas is one of a number of unconventional sources of natural gas; others include coalbed methane, tight sandstones, and methane hydrates. Shale gas areas are often known as resource plays [27] (as opposed to exploration plays). The geological risk of not finding gas is low in resource plays, but the potential profits per successful well ...
Oil-shale-fired Eesti Power Plant in Narva, Estonia. Oil shale can be used as a fuel in thermal power plants, wherein oil shale is burnt like coal to drive the steam turbines. As of 2012, there are oil shale-fired power plants in Estonia with a generating capacity of 2,967 megawatts (MW), China, and Germany.
Basic principles: promoting gas as a reliable, secure, clean source of energy. Attracting investment to the global natural gas market. Fair price for natural gas considering its energy efficiency and environmental benefits. As the outcome of the 5th Gas Exporting Countries Forum in Malabo The Declaration of Malabo was published. It stressed the ...
George Phydias Mitchell (May 21, 1919 – July 26, 2013) was an American businessman, real estate developer and philanthropist from Texas credited with pioneering the economic extraction of shale gas. [1]