Commercial exploitation of shale gas technology breakthroughs needed

     As the particularity of shale gas production, once the wells into production, it is difficult to shut down, a number of shale gas production companies are forced to "by-product" of shale oil to subsidize shale gas, barely maintain business operations.
     Large-scale development of  shale gas , making it the U.S. natural gas market structure "game changer." U.S. natural gas market was once the oversupply situation, and imports of natural gas prices fell to 10-year lows. As natural gas and oil prices decoupling, many shale gas companies facing severe financial problems. Currently, the U.S. natural gas price of about $ 3 / thousand cubic feet, but according to estimates, in the most advanced production technology to develop the lowest-cost U.S. shale gas companies want to recover all of the development costs, gas prices should be in the $ 7.5 to 8 USD / thousand cubic feet. As the particularity of shale gas production, Hydraulic fracturing once the wells into production, it is difficult to shut down, a number of shale gas production companies are forced to "by-product" of shale oil to subsidize shale gas, barely maintain business operations. According to reports, with headquarters in Oklahoma City, Chesapeake Energy is the second largest shale gas companies to make ends meet due to the decrease in natural gas prices, losses, now to the need to sell assets to raise funds proportions.
     Loss for shale gas companies, some investors have begun to vote with their feet. KPMG (KPMG) U.S. energy trading and Restructuring Department official said, the moment investors are from Texas Barnett, Haynesville, Arkansas, Louisiana and Texas, these mature shale gas mining areas evacuated, who is expected to turn into the exploitation of natural gas and oil simultaneously place.
     Enterprise management deteriorating financial situation, which in turn will limit the further development of shale gas. In this regard, the Saudi Basic Industries Corporation CEO Mohammed? Al - Mady pointed out that "the commercialization of  unconventional gas  development, the need for government subsidies or tax breaks given to some of the measures requires a certain degree of technological breakthroughs."