Forget fracking. Choking and lifting are latest efforts to stem U.S. shale bust

Thu Mar 10, 2016 2:32am EST Related: GLOBAL ENERGY NEWS
BY SWETHA GOPINATH AND AMRUTHA GAYATHRI

Reuters

Something is awry in the beleaguered U.S. shale patch: older wells, which normally gush oil or natural gas in their first few months before rapidly depleting, are not petering out as quickly as they should.

When oil prices began falling a year and a half ago in the deepest rout in a generation, many analysts expected U.S. crude production, especially from fracking in the new shale plays that contributed to a global supply glut, to follow quickly.

China-Russia Gas Deal Should Unleash A Euro-Fracking Revolution

Forbes

Christopher Helman

Forbes Staff

Russia and China today cut a $400 billion, 30-year deal whereby Gazprom will deliver at least 1.3 trillion cubic feet of natural gas to China annually. Russia will build $55 billion worth of pipelines and processing plants to deliver the gas from Siberia.

This is a lot of gas, about one-fifth of China’s current annual demand. And it should be causing concern across Europe, which last year relied on Russia for about 30% of its gas supply, or about 6 trillion cubic feet.

German state aims to revive "tight" gas fracking

Thu May 8, 2014 2:21pm GMT

* Lower Saxony houses most gas reserves, wants to exploit them

* Aims to raise acceptance in context of shale gas debate

By Vera Eckert

FRANKFURT, May 8 (Reuters) - Germany's state of Lower Saxony plans to launch a legal move in parliament next month that will seek to end a ban on new exploration for deep-lying gas using the "fracking" technology deployed in the country for over 30 years.