Shale Oil And Gas: US Hikes Global Reserves Estimates
The US Department of Energy has raised its estimates of global “technically recoverable” shale oil and gas reserves.
In a study published on 10 June the department’s Energy Information Administration (EIA) raises its total global reserves estimate to 7.2tcf of shale gas (up from 6.6tcf in its previous 2011 report) and 345bn barrels of shale oil (up from 32bn barrels - see table)....