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Blog About This - Step 1!Economics of Shale GasYour blog entry can include an article summary or a link to the article URL. Just select the 'blog about this' button below to copy the summary or URL into your blog entry.If you don't have an EnergyBlogs.com blog set up yet, you will be able to do that in the next steps.Article Summary: Economics of Shale Gas - Since 2007, when vast amounts of shale gas in the United States have been tapped, US natural gas production has significantly grown by 20% causing sharp fall in Henry Hub's natural gas spot price. Consequently, this turned industry's attention to profitability of shale gas extraction. In the middle of this September spot gas in the USA was trading at levels of up to 3.00 USD per MMBtu which may still not be the level equalizing market price with individual producers' marginal costs.Article URL: http://www.energypulse.net/centers/article/article_display.cfm?a_id=2574 |
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