October 2014, Vol. 241, No. 10
Features
Mother Earth: At The Center Of The Shale Revolution
When global business consulting giant Accenture finished a recent treatise on shale oil and natural gas development, it identified eight key factors needed to make exploitation of shale viable, and the first three are found in abundance in successful U.S. shale plays from North Dakota’s Bakken to Texas’ Eagle Ford. They are geology, land considerations and the existence of an unconventional energy resource service sector. The unwritten explanation for the roaring production in places like North Dakota is centered on these three elements. Two others are takeaway pipeline and processing infrastructure, along with financing, both of which have been written about extensi
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