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Tag: shale
Is a Global Shale Revolution in the Cards This Year?
2014-05-04 12:22:00| Climate Ark Climate Change & Global Warming Newsfeed
Motley Food: While most shale drilling over the past few years has been concentrated in North America, where energy companies have used a combination of hydraulic fracturing and horizontal drilling to unlock a bounty of shale oil and gas, the practice is slowly but surely spreading to other parts of the world believed to contain sizable shale resources. Will 2014 be the year that global shale drilling takes off? According to a new report by Wood Mackenzie, a leading energy research and consulting firm, 2014...
Billionth barrel taken from Bakken shale
2014-05-03 23:58:00| Climate Ark Climate Change & Global Warming Newsfeed
Weirton Daily Times: Oil drillers targeting the rich Bakken shale formation in western North Dakota and eastern Montana have produced 1 billion barrels of crude, data from the two states show. Drillers first targeted the Bakken in Montana in 2000 and moved into North Dakota about five years later using advanced horizontal drilling and hydraulic fracturing techniques to recover oil trapped in a thin layer of dense rock nearly two miles beneath the surface. North Dakota has generated 852 million barrels of Bakken...
Tags: barrel
shale
bakken
billionth
Shale Deals Nearly 30% Of Global Value Amid Brisk A&D Activity
2014-05-02 19:15:00| OGI
Collectively, the Bakken, Eagle Ford and Permian--the Big Three--generated $4.1 billion in deals, according to a report by PricewaterhouseCoopers.
Tags: global
activity
deals
amid
BASF Considers US Investment Of $1.4 Billion On Shale Gas
2014-05-02 15:55:00| OGI
The chemical maker will reduce the portion of investments allocated to Germany to about a quarter from a third within the next five years because of rising energy costs in its home country, Bock said earlier this year.
Tags: investment
gas
billion
considers
Junk-Rated Debt Is Utilized By Shale Drillers
2014-05-01 18:36:00| OGI
The high volume of junk-rated debt "keeps the shale revolution going even as companies spend money faster than they make it," according to Bloomberg.
Tags: debt
utilized
shale
drillers
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