North American Unconventional Natural Gas Plays
In recent years, one of the most significant opportunities to arise is the emergence of unconventional natural gas shale plays. The United States and Canada are home to vast resources of unconventional natural gas virtually ensuring natural gas supplies to North America for potentially the next two decades.
The challenges are considerable as the natural gas industry grapples with both the technology used to commercialize these reserves and the economic cost at which these reserves can be extracted. Neither of these challenges can be considered separately. At U.S. natural gas prices of less than $4.50 per mmBtu, development of unconventional natural gas shale plays will remain stagnant. At approximately ...
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