http://www.technologyreview.com/news/52 ... -gas-bust/China is estimated to hold the largest technically recoverable reserves of shale gas in the world—nearly twice as much as the U.S. But the shale industry in China has struggled to get off the ground. Most projects are still in the exploration phase. In many cases the formations that hold gas are deeper than in North America and more expensive to reach. Further, Chinese shale tends to have more clay in it, which is an obstacle to extraction (see “China Has Plenty of Shale Gas, But It Will Be Hard to Mine”). These challenges led the government last week to reduce the 2020 shale-gas target to 30 bcm.
China’s Shale Gas Bust
China’s Shale Gas Bust
Re: China’s Shale Gas Bust
China lacks rigs, frac equip and (most important) infrastructure.
The reason that U.S. shale gas got developed so fast is because the Barnett was in Texas where we already had all the stuff need. Even so, it still took a long time before the Barnett Shale was producing a lot of our gas. The Barnett, Marcellus, Haynesville are part of "God's Gift to America".
HP isn't moving a bunch of flex rigs to China anytime soon.
The reason that U.S. shale gas got developed so fast is because the Barnett was in Texas where we already had all the stuff need. Even so, it still took a long time before the Barnett Shale was producing a lot of our gas. The Barnett, Marcellus, Haynesville are part of "God's Gift to America".
HP isn't moving a bunch of flex rigs to China anytime soon.
Dan Steffens
Energy Prospectus Group
Energy Prospectus Group
Re: China’s Shale Gas Bust
Appears some US companies are riding to the rescue with latest software technology and equipment.
U.S. fracturing takes a crack at China's tough shale
Future political dynamics will be interesting.
U.S. fracturing takes a crack at China's tough shale
****Facing stubborn rock and high costs, Chinese oil companies are giving U.S. firms a bigger stake in exchange for the tools and technology of hydraulic fracturing, which helped turn American production around and gave the nation new status as an energy power.
Many of those tools are made in Texas, or nearby.
They include cocktails of sand, water and chemicals, and the high-pressure pumps that blast those payloads underground to fracture shale formations and release oil and gas.
http://www.houstonchronicle.com/busines ... 345.php#/5Through a series of new joint ventures, Halliburton, FTS International and others with major operations in Texas are exporting the technological breakthroughs in U.S. hydraulic fracturing, including pressure pumps that use less water and multiwell drilling from platforms called pads that can cut down on an operator's footprint.
Future political dynamics will be interesting.