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The Shale Energy Revolution in North America is Changing the World
Good news keeps rolling in for America’s booming shale plays.
This week, the US Energy Information Administration (EIA) released a report describing how the Marcellus Shale region is on track to supply 18% of total US natural gas production in December.
Let’s take a look at two important charts – plus a few quick takeaways about how North America is changing the world…
Production in the Marcellus shale is booming. Here’s the first chart.
Basically, more and more ‘takeaway capacity’ has come online in the past year. This is despite a flat rig count, according to data from Baker Hughes. In other words, the same number of rigs are drilling more wells. That comes with improved learning curves and better efficiencies based on experience in the field.
Read the rest of this article at Money Morning
