The recent shale gas revolution in North America has resulted in a significant increase in production of natural gas from shale formations. Shale formations are tight rocks with substantial gas in place across large horizontal and vertical areas. New technology involving horizontal drilling and hydraulic fracturing has allowed the creation of the required permeability in shales for commercial quantities of gas to readily flow.
LME Price at posting:
10.5¢ Sentiment: Hold Disclosure: Held
