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Argentina’s shale fields to get $1.4 billion investment boost

Three oil companies — state-run YPF, Pan American Energy and Wintershall — will invest $38 billion to explore for resources partly in Argentina’s vast but mostly untapped Vaca Muerta shale formation, Neuquén Governor Jorge Sapag said yesterday. The companies will use the new concessions to develop the Lindero Atravesado and Bandurria oil and natural gas…

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Study estimates Utica shale holds gigantic amount of recoverable gas

The amount of natural gas trapped in the Utica shale might rival what drillers hope to extract from its more famous neighbour the Marcellus, a group of geologists have concluded. “It’s comparable to the highest number I’ve seen for the Marcellus,” said Doug Patchen, head of the Appalachian Oil and Natural Gas Research Consortium at…

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Shale output heads for record drop after sharp drilling decline: EIA

Shale fields that powered the U.S. energy renaissance will suffer the biggest drop in output since the boom began after companies idled more than half their drilling rigs. Production from the prolific tight-rock formations such as the Eagle Ford in southern Texas will decline 91,000 bpd in August to 5.36 million, the U.S. Energy Information Administration…

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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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Mixed fortunes for Polish shale gas – Chief Geologist

Poland’s shale gas project is suffering as oil prices plummet and multinationals exit. But it’s not all bad news, Sławomir Brodziński, Poland’s Chief Geologist, told a Sejm economic committee sitting. “The main reason for the exit from shale gas concessions of the larger multi-national firms is the situation on the fuel market, above all the…

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Pennsylvania shale formations other than Marcellus drawing industry attention

The Marcellus Shale put Pennsylvania on the map as a gas-producing state, but other rock layers have the potential to keep it there far into the future. Drillers have sought unconventional well permits for 12 geological formations other than the Marcellus, according to state records compiled and organized by MarcellusGas.org. The state Department of Environmental…

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