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Shale gas refers to natural gas that is trapped within shale formations. Shales are fine-grained sedimentary rocks that can be rich resources of petroleum and natural gas. Sedimentary rocks are rocks formed by the accumulation of sediments at the Earth's surface and within bodies of water. Common sedimentary rocks include sandstone, limestone, and shale. Topics like Open- Hole Logging, EOR Techniques, Structural materials are of interest.
Scope and Importance:
Over the past decade, the combination of horizontal drilling and hydraulic fracturing has allowed access to large volumes of shale gas that were previously uneconomical to produce. The production of natural gas from shale formations has rejuvenated the natural gas industry in the United States. The US Oil & Gas Association is the only national association with Divisions in the states along the vital Gulf of Mexico. Because of the Gulf region’s importance to our current and future domestic energy supplies, national policy debates often center on the Gulf of Mexico, making our coordination of national and regional activities an important industry asset. The most distinguishing characteristic of the US Oil & Gas Association is the strong support it receives from a membership covering the full spectrum of the domestic petroleum industry.
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The increasing need to reduce the dependency on conventional sources of energy is driving the global shale gas market, states Transparency Market Research in a recently published research report. The study is titled “Global Shale Gas Market - Industry Analysis, Size, Share, Growth, Trends and Forecast 2013 - 2019” and is available for sale on the company website. According to the report, the global shale gas market is likely to grow at a 7.9% CAGR from 2013 to 2019. The shale gas production is projected to rise from 10,138.2 (billion cubic feet) Bcf in 2012 to 17,201.6 Bcf in 2019, driven by growing foreign investments and regulatory support. Shale gas – by way of hydraulic fracturing, horizontal drilling, and water usage – finds application in industries such as power generation, residential, industrial, commercial, and transportation. In 2012, the industrial segment held a share of more than 30%, making it the largest shale gas application. By 2019, market experts predict this segment will account for nearly 35% of the overall market. While power generation also held a major share of the shale gas market in 2012, this segment is estimated to lose market share by the end of the forecast period. Commercial and residential usage of shale gas, on the other hand, is expected to rise by 2019. Based on regional distribution, the research report studies two regional shale gas markets – North America and Asia Pacific. In 2012, North America was the only region known to be producing shale gas, with Canada and the U.S. the only two countries catering to commercial shale gas production demand three years ago. The shale gas reserves in the rest of the world have remained intact, holding immense potential to meet energy demand in the future. The U.S. Energy Information Administration (EIA) estimates a total of 7,299.0 (trillion cubic feet) tcf technically recoverable shale gas reserves globally. China is known to have the largest shale reserves at the time. Even though the region is still not a fully developed market, industry experts believe that it is likely to become one of the most rapidly developing shale gas markets by the end of the forecast period. The development of shale gas in Europe, on the other hand, is expected to be rather slow through 2019 owing to public opposition and environmental issues.
Biopolymers and Bioplastics Conference
August 10-12, 2015 San Francisco, USA
August 01-03, 2016 Birmingham, UK
Bioprocess and Biosystems Engineering Conference
September 14-15, 2015 Baltimore, USA
Petroleum and Refinery Congress
July 21-23, 2016 Brisbane, Australia
Pollution Control & Sustainable Environment Conference
April 25-26, 2016 Dubai, UAE
Shale Water Expo
October 14-15, 2016, Houston TX , United States
Shale Gas Environmental Summit
October 27-28, 2016, London , United Kingdom
World Shale Oil & Gas Summit
November 4-7, 2016, Dallas TX , United States
Annual World Refining Technology & Shale Processing Summit
November 5-6, 2016, Houston TX , United States
Shanghai International Shale Gas Summit
December 4-6, 2014, Shanghai , China
5th Annual Shale Gas Environmental Summit
October 27-28, 2016, London , United Kingdom
Alabama Natural Gas Association (ANGA)
Alaska Oil & Gas Association (AOGA)
American Association of Petroleum Geologists (AAPG)
American Association of Professional Landmen (AAPL)
American Gas Association (AGA)
American Public Gas Association (APGA)
Arkansas Independent Producers & Royalty Owners Association (AIPRO)
Association of American State Geologists (AASG)
Association of Energy Engineers (AEE)
Association of Energy Service Companies (AESC)
Association of Energy Services Professionals International (AESP)
Association of Professional Energy Consultants (APEC)
Anadarko E&P Co. LP
Atlas Resource Partners LP
Cabot Oil & Gas Corp.
Shell Exploration and Production Co.
Range Resources Corp
Chesapeake Appalachia LLC
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This page was last updated on 12th Sep, 2015
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