Journal Article

Natural gas from shale: Texas revolution goes global

Abstract: The Texas experiment in extracting natural gas from the Barnett Shale proved the technical feasibility of shale gas development and brought costs within bounds that promise to give shale gas an important role in global energy supplies for decades to come. ; Shale gas cost estimates vary widely, partly because of limited experience in a few basins and partly because the technology is evolving. Prices of competing energy sources at levels seen today will likely stimulate continued rapid development of natural gas from shale. However, additional regulations to protect or conserve groundwater could halt or slow development in some states or regions and reduce the projected contribution of shale gas to national energy supplies.

Keywords: Petroleum industry and trade; Texas; Natural gas;

Bibliographic Information

Provider: Federal Reserve Bank of Dallas

Part of Series: Southwest Economy

Publication Date: 2010

Issue: Q3

Pages: 10-13

Order Number: 3