U.S. shale gas development advantages

U.S. shale gas has opened a unique advantage.
First, the U.S.  shale gas  reserves are abundant. U.S. Energy Information Administration "2011 preliminary assessment of shale gas resources in the world," the report said, the United States has 24.41 trillion cubic meters of recoverable resources. While the latest data the agency lowered its forecast of U.S. shale gas reserves, but it is still up to 13.6 trillion cubic meters measure.
Second, the U.S. shale gas development in the long history and rich experience and mature technology.ceramic ball It is reported that the United States early in the 19th century, had already started to look for natural gas in shale drilling efforts to bring its first shale gas production well was drilled in 1821. It was not until 170 years later, with the application of hydraulic fracturing of shale gas production began to increase dramatically. In 1997, Mitchell Energy's first use of water fracturing, in greatly enhanced oil recovery, while also reducing operating costs. In the 21st century, horizontal drilling and hydraulic fracturing technology began to mature and used widely, making including shale gas, including unconventional gas has been more rapid development. These techniques also become shale gas development in the United States in the biggest advantage.
Third, the U.S. shale gas development is inseparable from the support of national policy.Fracturing proppant The late 1970s, the U.S. government in the "energy windfall Law" stipulates that the development of unconventional energy tax subsidies, while Texas is since the 20th century, since the early 1990s on the development of shale gas production tax exempt. In addition, the United States has also set up a special research fund of unconventional oil and gas resources.
Citibank energy expert Edward Holmes said the United States has been able to walk in the shale gas revolution in other countries before, there are other reasons. United States, Canada, Australia and the United Kingdom there are other countries do not have the advantage that they have a lot of quick response, private developers are willing to take risks,ceramic proppant as well as willing to invest in the capital markets in emerging industries. Therefore, the speed of development of these countries and other countries in technological innovation is unmatched.