The value of shale gas

As technology advances, the cost of natural gas fracking shale gas fracturing gradually reduced. Horizontal well is another key factor in the successful development of shale gas reservoirs. According to the American experience, the level of the average daily gas production wells and the final product is 3-5 times the vertical gas wells, gas production rate is increased by 10 times, while the cost of horizontal wells is 2-4 times less than vertical wells. Thus, the horizontal wells to accelerate the development process to promote the application of shale gas. Due to the large scale development of shale gas, the control wells high recoverable reserves (up to 60 million square), adopt measures daily output per well after up to 3 Articles. Coupled with shale gas well production decline rate is low, easy to implement 30 - 50 years of stable production time, it can achieve a relatively high yield economic value.
CNPC (PetroChina) in China's Sichuan province discovered shale gas, which confirmed that the country's thirst for energy in China,Shale gas revolution and huge reserves of this unconventional fuel. According to expectations, namely shale gas reserves of natural gas in shale through the provision of cheap and plentiful new fuel source, changing the world's largest energy consumer China's energy supply situation in the coming