Huge productivity gains see Marcellus, Utica deliver 85% of shale gas growth since 2012

Increased productivity of natural gas wells in the Marcellus and Utica Shale basins is responsible for 85% of increased natural gas production in the U.S. since 2012, according to the Energy Information Administration (EIA). Natural gas from shale basins is now responsible for 56% of U.S. dry natural gas production. Collectively, shale production from the…

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Refracking still a boutique technique without more investment, innovation

With the once mighty North American shale revolution slowing due to the collapse in crude oil prices, many industry players are betting on the same action—recompletions of horizontal wells. The technique—commonly referred to as refracking—has a long way to go before it can become the next chapter in the shale revolution, said Christopher Robart, MD,…

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US shale drillers’ safety net is vanishing – analysts

The insurance protecting shale drillers against plummeting prices has become so crucial that for one company, SandRidge Energy, payments from the hedges accounted for a stunning 64% of first-quarter revenue, according to a report by Bloomberg. Now the safety net is going away, news agency says. The insurance that producers bought before the collapse in…

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The impact of the fracklog on the US short-term liquids supply

In the first months of 2015, the US shale industry faced a rapid decline in drilling activity, yet oil supply has not been showing any signs of entering into a consistent decline phase. This opposite movement is mainly due to drilled uncompleted wells, namely fracklog. Here we examine how drilling and fracking activity in the…

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