Shale drilling is becoming more and more popular, not only the reserves, the rising oil & gas price is also pushing us to do something. The Financial Times reports that as more big-name oil companies such as India’s GAIL Ltd, BP Plc, Exxon Mobil Corp. and Chevron Corp. invest in U.S. shale plays, the more the cost of drilling rights spikes.
In the Eagle Ford shale in Texas, drilling rights costs increased from around $4,000 an acre in 2010 to around $20,000 an acre at the end of 2011, according to IHS, the Financial Times reports.
And not only in USA, the shale drilling is becoming more and more popular. In the past week, China approved shale gas as an independent mining resource, a legal status that it hopes will encourage smaller Chinese energy firms to develop the unconventional energy source.
And in Poland, which holds the most active and best areas geologically for shale in Europe, where governments want to diversify their natural-gas supplies away from Russia, is another promising play.
As always, the technology used to extract oil and gas from shale rocks, a process that has revolutionized the U.S. energy industry, should be improved to protect the environment.
That is why we need tanks, solids control systems, and so on, if you are involved, contact GN.