• 5 minutes Drone attacks cause fire at two Saudi Aramco facilities, blaze now under control
  • 8 minutes China Faces Economic Collapse
  • 12 minutes Oil Production Growth In U.S. Grinds To A Halt
  • 14 minutes Iran in the world market
  • 17 minutes Ethanol, the Perfect Home Remedy for A Saudi Oil Fever
  • 10 mins USA Wants Iran War -- Shooty Shooty More
  • 8 mins Experts review drone damage . Say Saudis need to do a lot of explaining.
  • 3 hours Yawn... Parliament Poised to Force Brexit Delay Until Jan. 31
  • 4 hours Collateral Damage: Saudi Disruption Leaves Canada's Biggest Refinery Vulnerable
  • 16 hours USA : Attack came from 'Iranian soil'. Pompeo to release 'evidence'.
  • 42 mins Saudis Confirm a Cruise Missile from Iranian Origin
  • 3 mins The Spy Money: U.S. Wants To Seize All Money Edward Snowden Makes From New Book
  • 1 hour Aramco Production
  • 6 hours Wonders of US Shale: US Shale Benefits: The U.S. leads global petroleum and natural gas production with record growth in 2018
  • 21 hours Never Bring A Rapier To A Gun Fight
  • 5 hours Trump Will Win In 2020 And Beyond..?
Alt Text

Can China Double Its Gas Output By 2040?

China is scrambling to double…

Alt Text

Moscow Fuels Artic LNG Race With Billions Of Dollars

Russia’s largest private natural gas…

Al Fin

Al Fin

Al Fin runs a number of very successful blogs that cover, energy, technology, news and politics.

More Info

Premium Content

EIA Releases Worldwide Shale Gas Resource Report

The US EIA has released a 350 page report (51 MB PDF Download) assessing the world shale gas resources (for 32 selected nations). While the huge US shale gas bonanza is well known, the wealth of shale gas in the rest of the world was not as widely known prior to the publishing of this report.

Estimated Global Shale Gas Resources

As the technology and expertise for developing this resource spreads out from North America to Europe, Asia, South America, and Oceania, we can expect the global energy equation to change drastically -- just as it has changed recently within the US and Canada.

The location of these resources -- inside nations not typically known for their vast hydrocarbon deposits -- is a huge reason why shale gas will shake the established energy order to its foundations.

The initial estimate of technically recoverable shale gas resources in the 32 countries examined is 5,760 trillioncubic feet, as shown in Table 1. Adding the U.S. estimate of the shale gas technically recoverable resources of 862 trillion cubic feet results in a total shale resource base estimate of 6,622 trillion cubic feet for the United States and the other 32 countries assessed. To put this shale gas resource estimate in some perspective, world proven reserves5of natural gas as of January 1, 2010 are about 6,609 trillion cubic feet,6 and world technically recoverable gas resources are roughly 16,000 trillion cubic feet,7largely excluding shale gas. Thus, adding the identified shale gas resources to other gas resources increases total world technically recoverable gas resources by over 40 percent to 22,600 trillion cubic feet. _USEIA Report Summary

By. Al Fin




Download The Free Oilprice App Today

Back to homepage



Leave a comment

Leave a comment




Oilprice - The No. 1 Source for Oil & Energy News
Download on the App Store Get it on Google Play