Related Articles
Forward article link
Share PDF with colleagues

EIA tots up ‘vast’ shale resources

Shale gas adds 40% to global reserves, but cache could expand

THE energy industry’s worst kept secret is out: techniques to bust open shale deposits have unleashed a mammoth new resource of natural gas in the world. And the latest assessment, by its authors’ own admission, is likely to get much larger. The new study by the US’ Energy Information Administration (EIA) found almost 6,000 trillion cubic feet (cf) of technically recoverable shale-gas reserves in 32 countries. The figure excludes the US, where rapid application of hydraulic fracturing and horizontal drilling has seen shale-gas production rise from 390bn cf in 2000 to 4.87 trillion cf in 2010 – or almost a quarter of the country’s total dry-gas output. But the study did not measure the reso

Also in this section
Latest licensing rounds
21 September 2016
The industry's most comprehensive list of current and recent rounds for onshore and offshore licenses
Iranian oil-output is surging, for now
20 September 2016
The scale of Iran's oil-output growth this year has been startling. Without IOCs, longer-term plans will prove more difficult
The oil world's most difficult job
19 September 2016
NOC’s chairman fears a disaster if his company is dragged into the war for Libya’s oil