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Message: Nice read...

http://www.engineerlive.com/Oil-and-Gas-Engineer/Environment_Solution/Investment_in_US_shale_gas_rises_to_record_levels/23255/

As soon as some pilot wells are put in place and we start proving this thing up...there will be many knocking on our door as shale play find are running out...this is the reason we are seeing companies buy each other up and store away as reserves as opposed to drilling in new locations (because there is nothing left to find).

Quebec also offers a sweet gas (almost pure methane ready for pipeline and no costs to send it to factory for refinement) and also a premium to NYMEX prices of +$0.50 or more.

Rocco :)


Jan 17, 2011 07:08AM

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