The Surprising Data Behind Shale Oil
Hooray, oil is suddenly much cheaper than it used to be. That’s great news, right? Not so fast.
Barnett Shale
The numbers don’t add up to U.S. energy independence
Energy independence. It’s so easy to say, but oh so hard to actually accomplish, which is why the United States has been a consistent importer of oil since the late 1940s.
Is the Texas Barnett a harbinger for the Pennsylvania’s Marcellus?
…the University of Texas released an updated study on the Texas’ Barnett shale formation which confirmed the Barnett’s overall shale gas production has now declined by more than 20 percent since 2011. The study also confirmed of the 16,000 Barnett wells drilled to date about 12,000 of them are now classified as depleted.