The same technology that unleashed a natural gas bonanza in North America over the past decade has the potential to transform the European energy industry.
“A year or two from now, the activity over in Europe is going to be absolutely frenetic, and so you’ve got to get in there early,” said Craig Steinke, executive chairman [...]
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Tracking the number of rigs in America is an important business barometer for the drilling industry and its suppliers. Organically rich natural gas shales leads the industry. Natural gas shale reservoirs were once ignored by drillers seeking a faster and easier return on their investments, but today natural gas shale plays in the United States are booming! The challenge with shale gas is to release it from rock that is as impermeable [...] At this time, North Carolina does not have any natural gas production or oil production. Thanks to the new technologies in horizontal drilling and a well enhancement technique known as ‘ hydraulic fracturing’ that are being used in other states, North Carolina counties are going to be able to tap natural gas reservoirs. [...] At EnCana’s annual meeting just over a week ago, CEO Randy Eresman, announced that new technology was enabling their company to have new opportunities in the Haynesville Shale play. The company reported that it would redirect $290 Million to the Haynesville Shale play. EnCana holds about 176,000 net acres, including 25,495 net acres of [...] Ziff Energy Group has a press release called “Shale Gas Outlook to 2020” on their website predicting that unconventional gas plays now active across North America will account for 53% of the continent’s gas production by 2020. |
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