Breitling Oil and Gas Morning Podcast #36 March 1st, 2012

For Oil and gas today, here is Chris Faulkner with Breitling Oil and Gas: Ok I’ll throw it out there we are now the Saudi Arabia of Natural Gas, less than a decade ago industry analyst and government officials fretted that the US was in danger of running out of gas.No more over the past several years vast caches of natural gas trapped at deeply buried rock have been made accessible by advances in two key technologies. Horizontal drilling which allows vertical wells to turn in snake more than mile side inside the earth and Hydrolic fracturing fraking the development over 60 years ago fraking evolved probably millions of gallons of chemically treated water into deep shell formations this fluid cracks the shell hydrocarbons to flow towards the well. These advances lead to a 8 fold increase in shell ggas production over the past decade.

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