Uncertainties threaten natgas development

03/04/2013
Michael Lynch Strategic Energy & Economic Research Inc. Boston BHP Billiton Ltd., Houston, began its activity in the Fayetteville shale in 2011 when it purchased all of Chesapeake Energy Corp.'s interests there, including a midstream pipeline. The acquisition increased BHP Billiton's net reserve and resource base by 45%, says the company. The assets currently produce more than 400 MMcfd. Photograph from BHP Billiton. The past decade has seen what is now considered to be a revolution in natural gas production, as the industry has discovered how to produce natural gas economically from tight formations such as shales, which are extremely common. The US, which was only recently antici...
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