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Category: Sustainability

Why the shale revolution is not about to end

September 04, 2014 Posted by Chris Wysong

In this column from Reuters, John Kemp acknowledges the concerns and doubts of shale skeptics, but gives clear evidence and explanation on why he believes the shale boom is not about to bust. His argument considers the total lifetime production of a well, as well as techniques that are allowing oil and gas companies to become more proficient at drilling wells quickly. Column - Why the shale revolution is not about to end: Kemp By: John Kemp Aug 29 (Reuters) - Doubts about the sustainability of the North American oil and gas boom centre on rapidly declining output from many shale wells after they are initially drilled. Shale sceptics point to the need to drill an ever-increasing number of new holes just to replace the declining output from existing wells, let alone expand production. At some point it will become impossible to keep up, they argue. The problem has been likened to the Red Queens Race in Lewis Carrolls Through the Looking-Glass where the chess piece warns Alice that

Posted in Shale, Sustainability
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