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Oil & Gas ProPermalink Reply by Skip Peel - Mineral Consultant on September 8, 2011 at 3:41

We seldom touch on the international state of the shale gas revolution but it does have implications for U.S. production.  The article does a good job IMO of stating the critical factors:  not all European shale formations will be economic, and the limited history of hydrocarbon exploration and production and public/political dynamics that will make development difficult and slow.  In order to maintain domestic E&P momentum new markets should be developed.  I suspect that the international LNG export/import market will expand to fill the void created by the inherent lag in global shale gas development.  Thanks, John.

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Oil & Gas ProPermalink Reply by Les Bamburg on September 8, 2011 at 6:15

John, a recent assessment estimated the total recoverable shale gas resource in Europe (excluding Russia) at 639 Tcf with Poland and France accounting for 57% of this total. 

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Oil & Gas ProPermalink Reply by John Cooper on September 8, 2011 at 6:58

Thanks for that info, Les.  Do you know where that assessment can be found?

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Permalink Reply by DrWAVeSport Cd1 on September 8, 2011 at 7:41

JC and Les B,

Didn't France ban fracking?

 

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Oil & Gas ProPermalink Reply by John Cooper on September 8, 2011 at 9:27

They may have - I don't know.  The article mentions potential problems with public outcry against drilling in populated areas, but doesn't mention anything about fracking not being accepted...

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landownerPermalink Reply by Hopeful About Natural Gas on September 8, 2011 at 10:00

France has put a hold on fracking but Poland is going full force. Poland has been under the thumb of the Nazis, the Communists and now the Russian natural gas monopoly.  France offered to help Poland build nuclear plants, but Poland wants its own energy.  Smart.

 

  Here is a good website with news about shale around the world.

http://naturalgasforamerica.com/category/countries

 

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landownerPermalink Reply by P.G. on September 8, 2011 at 16:04

Looks like they need a "Go European Shale" forum over there, huh?

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Oil & Gas ProPermalink Reply by Skip Peel - Mineral Consultant on September 8, 2011 at 16:13

Since Europeans do not own the mineral rights associated with their surface estates, I doubt that even Keith could interest them in a "GES".  The incentive of royalty income does not exist.

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