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US shale producers would lose market share if Trump's policies slash gas prices, Bob McNally said. "You cannot have $1.50 pump prices and a thriving shale oil sector. Period." A deep recession ...
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]
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 ...
Shale gas and associated liquids produced throughout the country can support all the major chemical-producing regions, including the U.S. Gulf Coast, which today serves as a major hub of ...
Shale Gas Fuels U.S. Manufacturing Renaissance Abundant supplies help energy-intensive industries grow, create more jobs PITTSBURGH--(BUSINESS WIRE)-- Abundant, affordable domestic natural gas is ...
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 ...
Eagle Ford Shale drilling rig. Photo credit: Anadarko Petroleum Texas' Eagle Ford Shale could very well be the second best oil field ever discovered in America. Some estimates suggest that the ...