Well economics across ten tiers in low and high Btu (British thermal unit) areas, Barnett Shale, Texas

Gülen, Gürcan; Browning, John; Ikonnikova, Svetlana; Tinker, Scott W.

doi:10.1016/j.energy.2013.07.041

Cited by 38 publications

(24 citation statements)

References 6 publications

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“…Estimated break-even prices start as low as 0.55$/mmBtu for shale gas with a high share of liquids in the most productive areas of the Barnett shale generating a 10% return (Gülen et al, 2013). A large share of US shale production is only profitable at prices at least as high as…”

Section: Economic Considerationsmentioning

confidence: 99%

“…Again, a length of a few thousand meters is possible, averaging at around 1km for the Barnett shale for instance. Here, almost all wells are drilled horizontally today, following a sharp rise since the early 2000s (Gülen et al, 2013).…”

Section: A Brief Look At the Us Shale Gas Boommentioning

confidence: 99%

“…First, production takes place at the most productive shale plays, or at play that contain large amounts of liquids, making a production more attractive in times of high NGL and oil prices (Gülen et al 2013); hence, the current shift towards the Marcellus and Eagle Ford plays.…”

Section: Economic Considerationsmentioning

confidence: 99%

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From Boom to Bust? A Critical Look at US Shale Gas Projections

Richter¹

2015

EEEP

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US shale gas production is generally expected to continue its fast rise. However, a cautious evaluation is needed.Shale gas resource estimates are potentially overoptimistic and it is uncertain to which extent they can be produced economically. Moreover, the adverse environmental effects of ever more wells to be drilled may lead to a fall in public acceptance and a strengthening of regulation. The objective of this paper is hence twofold: providing a critical look at current US shale gas projections, and investigating in a second step the implications of a less optimistic development by means of numerical simulation. In a world of declining US shale production after 2015, natural gas consumption outside the USA is reduced from its reference path by at least as much as US consumption. Trade flows are redirected, and the current US debate on LNG export capacity requirements becomes obsolete.

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Section: Economic Considerationsmentioning

confidence: 99%

Section: A Brief Look At the Us Shale Gas Boommentioning

confidence: 99%

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From Boom to Bust? A Critical Look at US Shale Gas Projections

Richter¹

2015

EEEP

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Section: Economic Considerationsmentioning

confidence: 99%

From Boom to Bust? A Critical Look at US Shale Gas Projections

Richter

2014

SSRN Journal

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Standard-Nutzungsbedingungen:Die Dokumente auf EconStor dürfen zu eigenen wissenschaftlichen Zwecken und zum Privatgebrauch gespeichert und kopiert werden.Sie dürfen die Dokumente nicht für öffentliche oder kommerzielle Zwecke vervielfältigen, öffentlich ausstellen, öffentlich zugänglich machen, vertreiben oder anderweitig nutzen.Sofern die Verfasser die Dokumente unter Open-Content-Lizenzen (insbesondere CC-Lizenzen) zur Verfügung gestellt haben sollten, gelten abweichend von diesen Nutzungsbedingungen die in der dort genannten Lizenz gewährten Nutzungsrechte. Abstract US shale gas production is generally expected to continue its fast rise. However, a cautious evaluation is needed. Shale gas resource estimates are potentially overoptimistic and it is uncertain to which extent they can be produced economically. Moreover, the adverse environmental effects of ever more wells to be drilled may lead to a fall in public acceptance and a strengthening of regulation. The objective of this paper is hence twofold: providing a critical look at current US shale gas projections, and investigating in a second step the implications of a less optimistic development by means of numerical simulation. In a world of declining US shale gas production after 2015, natural gas consumption outside the USA is reduced from its reference path by at least as much as US consumption. Trade flows are redirected, and the current US debate on LNG export capacity requirements becomes obsolete. Terms of use: Documents inJEL Codes: Q37, L71, Q41, Q33, C61, Q53,

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“…The research was funded by a US$1.5-million grant from the Alfred P. Sloan Foundation in New York City, and has been appearing gradually in academic journals [1][2][3][4][5] and conference presentations. That work is the "most authoritative" in this area so far, says Weijermars.…”

Section: Rich Rocksmentioning

confidence: 99%

Natural gas: The fracking fallacy

Inman¹

2014

Nature

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Well economics across ten tiers in low and high Btu (British thermal unit) areas, Barnett Shale, Texas

Cited by 38 publications

References 6 publications

From Boom to Bust? A Critical Look at US Shale Gas Projections

From Boom to Bust? A Critical Look at US Shale Gas Projections

From Boom to Bust? A Critical Look at US Shale Gas Projections

Natural gas: The fracking fallacy

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