The world has long known of the existence of a virtual ocean of underground oil and gas deposits imprisoned in “tight,” low-permeable shale rock formations. Until recently, however, it was convinced there was no profitable extract them. Through the stubborn, decades-long persistence of a Texas oilman, and a committed effort by the U.S. government to invest hundreds of millions of dollars into “unconventional” oil and gas research, in 1998 Mitchell Energy CEO George Mitchell discovered the right combination of water, sand, and chemicals to extract natural gas from a shale formation using a hydraulically-fractured horizontal well...
To access the executive summary for the forthcoming Shale 3.0 report please read the downloadable file below. The full report will be available for purchase on Amazon.com in the coming months.
