EU shale gas depends on better fracking process

EU shale gas depends on better fracking process by Nina Chestney, July 12, 2012, Reuters
No EU market lift-off without reducing size, number of fracks
Success for shale gas extraction in Europe will hinge on developing more efficient techniques and a more targeted approach to fracking, Andrew Gould, chairman of UK gas producer BG Group PLC, said on Thursday. Until recently, shale gas extracting firms have used a “blitzing technique” whereby they frack as much as they can…. “Everyone is working on this and eventually they will identify the most productive parts of shale and only frack where they know they going to produce (gas),” he said. “Then the size and number of fracks will eventually decrease. If that doesn’t happen, the shale gas industry in places like Europe will never take off,”

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