October 2013, Vol. 240 No. 10

Features

U.S. Shale Development Points To Far-Reaching Effect Worldwide

(Editor’s note: This is the first of two parts, the second to be published in the P&GJ November edition.) Ten years after the shale revolution first took off in the North Texas Barnett Shale formation, large-scale shale development primarily remains a phenomenon unique to the United States. This has many U.S. and foreign companies, investors and policymakers asking a lot of questions about the American experience with shale development. What made the U.S. shale revolution possible? How did it accelerate so quickly? Is it replicable elsewhere in the world? Before making any predictions regarding the future, it is necessary to first examine the factors that enabled

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