NAT GAS FRACKING GOES GLOBAL
Australia, China Lead in Race to take Fraccing Global, with 1.7 Trillion BOE at Stake; Hydraulic fracturing has given the U.S. a new wealth of oil and gas that's transformed its energy economy – now other nations are poised to get in on the act, says Lux Research
January 14, 2014 (Lux Research)
“Australia is primed to become the next big play in the booming frac market, with China and Argentina close behind, as global nations with estimated reserves of 1.7 trillion barrels of oil equivalent seek to emulate the United States’ pioneering, and astonishing, success in tapping shale gas and tight oil, according to [ Uncovering Further Opportunities in the Booming Frac Market from] Lux Research…The U.K. [will establish] itself as the leader in Europe…Technology is key to a profitable well…[and the IT opportunity is enormous, but competitive]…” click here for more
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