Shale Gas Development Provided the US with Energy Security, States GBI Research

08 Oct 2012 • by Natalie Aster

The development of shale gas over recent years has significantly altered the US energy outlook. The surplus supply of gas from these shale plays has provided the US with energy security which has opened up new opportunities for the export of natural gas to lucrative markets in the Asia-Pacific region, where gas prices are higher. Major companies are showing interest in this opportunity, and have significantly increased their capital expenditure for 2012 for the development of shale plays. For instance, ConocoPhillips and Chesapeake Energy have announced respective capex of $2.3 billion and $2.4 billion for the development of the Eagle Ford shale play in 2012.Other players, such as major Bakken shale operators Continental Resources and Hess Corporation, have announced respective capex of $1.1 billion and $1.9 billion in 2012. The total annual capex for shale development in the US is expected to reach approximately $35.3 billion in 2012. The strong growth rate in capex will continue in the near future, and is expected to reach around $52..1 billion by 2016, at an Average Annual Growth Rate (AAGR) of 11.9% between 2012 and 2016.

GBI Research's new report, "Shale Market in North America to 2016 - Motivated by Surplus Gas Production, Global Energy Players Eyeing Lucrative Asian Markets for Export" provides an operational overview of shale plays such as Bakken Shale, Barnett Shale, Eagle Ford Shale, Fayetteville Shale, Haynesville Shale/Bossier Shale, Marcellus Shale and Woodford Shale. It provides details about the geographic and economic characteristics of the aforementioned mentioned shale plays and an overview of the competitive landscape of the top companies by acreage and production. Planned capital expenditure by major companies for 2012 and information on major mergers and acquisitions is also included.

Report Details:

Shale Market in North America to 2016 - Motivated by Surplus Gas Production, Global Energy Players Eyeing Lucrative Asian Markets for Export
Published: September, 2012
Pages: 142
Price: US$ 3.500,00

More information can be found in the report “Shale Market in North America to 2016 - Motivated by Surplus Gas Production, Global Energy Players Eyeing Lucrative Asian Markets for Export” by GBI Research.

To order the report or ask for sample pages contact [email protected]

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