There is a new report from the International Energy Agency. Gas accounted for 45 percent of the increase in total primary energy demand last year. Let’s talk more about how the states with cheap gas can fuel the global demand. China is ground zero for the future of gas, accounting for 40 percent of global […]
Europe saved $8 billion on its natural gas bill last year because of surging U.S. shale production. Fatih Birol, speaking as the IEA released its annual gas report, said 2018 was a “golden year” for natural gas. This accounted for 45 percent of total global energy growth, which in turn was the fastest in two […]
In 2004, horizontally drilled wells account for roughly 15% of U.S. crude oil production in tight oil formations. By the end of 2018, that percentage had skyrocketed to 96%. Drilling horizontally allows producers to access more of the oil- and natural gas-bearing rock than drilling vertically. The lateral length of horizontal wells has also increased. […]
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