CultureCitizen
Silver Member
- Jun 1, 2013
- 1,932
- 140
I've just read the article "Don't count on cheap fracked gas".
Though it seems to be that shale gas is plentifull it requires intensive drilling and the current $4 per mcf might not be sustainable for much longer.
"prices would have to rise to between $5 and $6 to make currently paid-for leases profitable from this point forward and between $7 to $8 to make new leases worth pursuing."
This of course doesn't mean shale gas isn't worth exploiting , it just means it has to be taken cautiously ( e.g converting carbon plants into gas plant might proove the wrong investment in the mid term).
Does anyone have any reference of the real production cost of one mcf of natural shale gas?
Though it seems to be that shale gas is plentifull it requires intensive drilling and the current $4 per mcf might not be sustainable for much longer.
"prices would have to rise to between $5 and $6 to make currently paid-for leases profitable from this point forward and between $7 to $8 to make new leases worth pursuing."
This of course doesn't mean shale gas isn't worth exploiting , it just means it has to be taken cautiously ( e.g converting carbon plants into gas plant might proove the wrong investment in the mid term).
Does anyone have any reference of the real production cost of one mcf of natural shale gas?
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