24 Feb, 24

The Top 10 Producers Leading A Global Shale Bonanza

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The U.S. is the global leader in the production of natural gas and oil derived from shale formations. However, there are other countries with significant quantities of technically recoverable resources. In 2015 the U.S. Energy Information Administration updated its assessment of world shale oil and shale gas resources. The U.S. has the world’s largest estimated recoverable resource of tight oil. This refers to crude oil that is trapped within low-permeability rock formations, such as shale, sandstone, or limestone. The oil is extracted using…

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