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U.K. shale gas resources may be far greater than previously thought, with as much as 1,300T...

U.K. shale gas resources may be far greater than previously thought, with as much as 1,300T cubic feet of gas in the Bowland shale area alone, the British Geological Survey reports. The findings are issued as ministers reportedly are set to announce financial incentives for communities where fracking takes place of 1% of revenues generated by a well over its lifetime.
Comments (2)
  • This will obviously take years to bring into production (if indeed it ever does get developed),but it shows the risk in the US exporting LNG and signing long-term sales contracts which are then used to finance the construction of the pp&e
    27 Jun 2013, 09:11 AM Reply Like
  • Dimwit British govt throws surface owners a 1% ORRI bone and hopes they will be happy while keeping 69% for themselves.

     

    Sure, that will work.

     

    Try 20-25% like in the U.S. and they will dance in the streets.

     

    One of the reasons worldwide shale resources outside the U.S. will be slower to develop.
    27 Jun 2013, 10:26 PM Reply Like
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