Speakers say innovation to sustain North American gas boom

10/21/2013
Innovation will sustain the North American boom in natural gas production from unconventional resources despite an extended period of low prices. Speakers at the Decision Strategies Oilfield Breakfast Forum in Houston on Oct. 9 emphasized continuing improvements in unconventional work. Steven Mueller, president and chief executive officer of Southwestern Energy, noted that in one of his company's unconventional plays during 2007-12, the number of days required to drill a well has declined 62%, lateral length has increased 82%, and well cost has fallen 14%. But he said the industry remains in "early stages of learning." With unconventional gas, he said, the US "has a nationa...
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