The What, Where, and How of Shale Gas

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  1. Love the article – at http://www.rulingthemarkets.com we have recently discussed the newest fracking technology…

    quote…

    Let’s talk natural gas and “fracking”. Fracking can cost several million dollars per well so companies are continually on the look-out for lower cost options. Recently, Schlumberger has been discussing a new technology that reduces fracking cost substantially.

    Fracking a well involves three major costs – proppant (sand/chemical mix), water and trucks. The fracking technology Schlumberger has developed utilizes 40% less proppant and up to 50% less water. Less proppant and less water leads to significantly fewer supply trucks and therefore less operating cost.

    JPMorgan has estimated that fracking costs could drop from $2.5 million per well down to under $1 million. A significant cost reduction for natural gas producers.

    Lower cost means more oil/gas can be economically recovered (higher company reserves), increasing the overall supply. More supply equates to lower retail prices and more support for our “Investment Case For Natural Gas”…..

    see http://www.rulingthemarkets.com for more

  1. December 11, 2012

    […] To see the info-graphic blog visit “the-what-where-and-how-of-shale-gas“ […]

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