What is the cost of shale gas?

On the long-term, shale gas production costs in the US remain moderate: $2.1–4.2/MMBtu at horizon 2030 and $2.5–6.0/MMBtu in 2040, depending on whether the scenarios are optimistic regarding the development of shale gas production (“Ener-Brown scenario”) or moderate (“Ener-Blue” scenario and AEO Reference case).

What is shale gas production?

Shale gas formations are “unconventional” reservoirs – i.e., reservoirs of low “permeability.” Permeability refers to the capacity of a porous, sediment, soil – or rock in this case – to transmit a fluid. It has helped produced more than 600 trillion cubic feet of natural gas and 7 billion barrels of oil.

What chemicals are in shale gas?

Shale gas is natural gas trapped within tiny pore spaces in shale formations. It is a hydrocarbon gas mixture. It consists mainly of methane. Other hydrocarbons are natural gas liquids (NGLs) like ethane, propane, and butane, and it also contains carbon dioxide, nitrogen, and hydrogen sulfide.

Why is shale gas cheap?

The international trade in liquefied natural gas, or LNG, has collapsed, squeezing an important outlet for U.S. shale gas. And with crude prices back up to around $40 a barrel, oil producers are reopening the spigots and, as a byproduct, putting a lot of cheap gas into the market.

How does tight and shale gas technology help the environment?

Tight and shale gas technology We are using advanced technology developed and refined over 60 years to safely unlock resources of natural gas trapped tightly inside dense rock in extremely fine pores. Today’s technology helps us reduce our environmental footprint, cut down the number of drilled wells, and lower costs.

Where does shalepumps FRAC Pump Company come from?

ShalePumps is headquartered in Houston, the global oil capital. Headed by experts, it has a vision to support the industry with superior completion equipment. Frac operators, drilling contractors and well service companies source rely on ShalePumps for superior quality.

How big are mobile drilling rigs for shale gas?

Well pads can be spaced up to five kilometres (three miles) apart. Some accommodate up to 50 wells or more. Mobile drilling rigs allow us to avoid dismantling and reassembling drilling equipment at each pad, making the process quicker and saving resources.

What kind of equipment does the gas industry use?

CO2 transfer control equipment. GEC represents a full range of comprehensive products for the Industrial Gas Industry and LNG Market. Our equipment is focused towards cryogenic trailers, tanks, gas delivery systems and fill plant operations. BACT Ammonia Handling Equipment for NOX Compliance.