Oil and gas production from tight shale formations clearly is a long-term phenomenon and not a short-term trend. We have found growing confidence in unconventional energy resources in a survey we conducted. Huge investments are flowing into this sector from previously unheard from sources. It’s a reason so many foreign companies have come into the US. Investment recently has flowed to midstream infrastructure, but there’s still strong interest upstream.
More natural gas liquids are being recovered along with the shale gas, and that’s attracting investments too, he observed. It’s interesting that we’re having this debate about authorizing more [LNG] exports when we’re already export significant amounts of NGLs
Growing tight oil development also is generating more investments Even in the Eagle Ford and Bakken formations, recovery rates are still quite low so there’s a real technology opportunity ahead.