A Modern Day Points For oil and gas rights
Posted on 2012-08-01 by lohucibxoju178
What Is Shale Gas and Why Is It Crucial?
Shale gas is their acronym for natural gas which can be trapped within just shale formations. Shales are actually fine-grained sedimentary stones that can be rich sources of oil and natural gas.
Horizontal Drilling along with Hydraulic Fracturing
Over the past decade, the exact combination of horizontal drilling and hydraulic fracturing has allowed access to big amounts of shale gas that had been formerly uneconomical to supply. The production of natural gas via shale formations has revived the natural gas industry in america.
The particular U.S. Offers Plentiful Shale Gas Resources
Of the natural gas consumed in the particular United States in 2009, 87% ended up being generated domestically; as a result, the availability of natural gas is not as dependent upon foreign producers as is the exact supply of crude petroleum, and also the delivery system is much less subject to interruption. The availability of large quantities of shale gas will further enable the United States to consume a predominantly domestic supply of gas.
According to the EIA Annual Energy Outlook YEAR 2011, the United States possesses 2,552 trillion cubic foot (Tcf) of possible natural natural gas resources. Natural natural gas from shale resources, viewed as uneconomical just a few years ago, accounts for 827 Tcf of this resource estimate, more than twice the exact estimate published a year ago.
Enough for 110 Years of Use
At the 2009 rate of U.S. consumption (about 22.8 Tcf per year), 2,552 Tcf of natural natural gas is enough to supply around ONE HUNDRED TEN years of use. Shale gas resource along with production estimations increased significantly between THE YEAR 2010 along with 2011 Outlook reports and are likely to increase further in the future.v
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Shale gas is their acronym for natural gas which can be trapped within just shale formations. Shales are actually fine-grained sedimentary stones that can be rich sources of oil and natural gas.
Horizontal Drilling along with Hydraulic Fracturing
Over the past decade, the exact combination of horizontal drilling and hydraulic fracturing has allowed access to big amounts of shale gas that had been formerly uneconomical to supply. The production of natural gas via shale formations has revived the natural gas industry in america.
The particular U.S. Offers Plentiful Shale Gas Resources
Of the natural gas consumed in the particular United States in 2009, 87% ended up being generated domestically; as a result, the availability of natural gas is not as dependent upon foreign producers as is the exact supply of crude petroleum, and also the delivery system is much less subject to interruption. The availability of large quantities of shale gas will further enable the United States to consume a predominantly domestic supply of gas.
According to the EIA Annual Energy Outlook YEAR 2011, the United States possesses 2,552 trillion cubic foot (Tcf) of possible natural natural gas resources. Natural natural gas from shale resources, viewed as uneconomical just a few years ago, accounts for 827 Tcf of this resource estimate, more than twice the exact estimate published a year ago.
Enough for 110 Years of Use
At the 2009 rate of U.S. consumption (about 22.8 Tcf per year), 2,552 Tcf of natural natural gas is enough to supply around ONE HUNDRED TEN years of use. Shale gas resource along with production estimations increased significantly between THE YEAR 2010 along with 2011 Outlook reports and are likely to increase further in the future.v
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