• 6 minutes Saudis Threaten Retaliation If Sanctions are Imposed
  • 11 minutes Can the World Survive without Saudi Oil?
  • 15 minutes Saudis Pull Hyperloop Funding As Branson Temporarily Cuts Ties With The Kingdom
  • 11 mins WTI @ $75.75, headed for $64 - 67
  • 32 mins Trump vs. MbS
  • 9 hours The Dirt on Clean Electric Cars
  • 13 mins Saudi-Kuwaiti Talks on Shared Oil Stall Over Chevron
  • 4 mins These are the world’s most competitive economies: US No. 1
  • 16 hours Uber IPO Proposals Value Company at $120 Billion
  • 7 hours Closing the circle around Saudi Arabia: Where did Khashoggi disappear?
  • 5 hours EU to Splash Billions on Battery Factories
  • 20 hours COLORADO FOCUS: Stocks to Watch Prior to Midterms
  • 10 hours Coal remains a major source of power in Europe.
  • 7 hours Poland signs 20-year deal on U.S. LNG supplies
  • 23 hours UN Report Suggests USD $240 Per Gallon Gasoline Tax to Fight Global Warming
  • 17 hours U.N. About Climate Change: World Must Take 'Unprecedented' Steps To Avert Worst Effects
Alt Text

Rig Count Inches Lower As Oil Prices Stabilize

Baker Hughes reported a dip…

Alt Text

Venezuela Has Officially Launched Its Oil-Backed Cryptocurrency

Venezuela has officially launched its…

Alt Text

The Next Pillar Of Oil Demand Growth

Pundits continue to discuss peak…

Editorial Dept

Editorial Dept

More Info

Trending Discussions

2 Answers to The Most Profitable Question in Energy

There’s one question that’s on the minds of energy investors the world over. Where will be the next place for shale gas and oil?

It’s worth pondering. The profits won from pioneering shale developments in the U.S. have revolutionized the energy world. Rapidly creating a host of new plays—nearly from scratch.

The question is becoming especially important these days. With exploration and development costs rising around the world, big oil has made a concerted push of late to focus on shale. An arena where the huge scale of development provides enough upside to be high-impact—even for the world’s largest E&Ps.

There have been a lot of enticing geological assessments on the global potential for similar shale developments. Indeed, such oil- and gas-bearing rocks are common in many parts of the globe. With assessed potential running in the trillions of cubic feet, and billions of barrels.

But answering the question of shale’s next big find requires more than just good geology. It also takes the right people, equipment and know-how to get the petroleum out of the ground. And make a profit in the process.

That’s been easier said than done outside of the U.S to date. Shale drilling has been tried in places like China, Chile and Europe. In some the cases, the technical results have even been on par with initial production rates and reserves potential in U.S. plays.

But the killer problem has been…

To read the full article

Please sign up and become a premium OilPrice.com member to gain access to read the full article.

RegisterLogin

Trending Discussions





Oilprice - The No. 1 Source for Oil & Energy News