From Bloomberg News on Tuesday:
By David Wethe
March 4 (Bloomberg) -- BHP Billiton Ltd., the world’s biggest mining company, expects the U.S. to maintain its lead in shale development for some time.
"The shale-gas revolution is unlikely to go global quickly," Chief Executive Officer Andrew Mackenzie said at the IHS CERAWeek energy conference in Houston today. "We are unlikely to see gas replace coal globally at the scale and pace seen here in the U.S."
Hydraulic fracturing and horizontal drilling have unlocked shale deposits of oil across the U.S., and drilling efficiency has helped boost rig yields to record volumes from the Permian to North Dakota’s Bakken play. The U.S. met 86 percent of its energy needs in the first 11 months of 2013, the highest level since 1986, data from the Energy Information Administration show.
Too many unknown factors make it "impossible to forecast" when the rest of the world will catch up to shale development in the U.S., Mackenzie said in an interview after his presentation.
"You don’t have anything like the complex gathering and distribution systems" in the U.S, he said. "It’s kind of tough to think how you could transport that to a part of the world which has not had a gas industry before."
BHP, which is based in Melbourne, holds more than 1.5 million acres in the Eagle Ford Shale and the Permian Basin of Texas, the Haynesville Shale of Louisiana and the Fayetteville Shale of Arkansas, according to a Dec. 10 presentation.
The U.S. holds the world’s second-largest amount of recoverable shale oil and the fourth-largest of shale gas, according to the EIA.
Chesapeake Energy Corp,the Oklahoma-based firm is the No. 1 driller in Ohio.
Rig Count Interactive Map by Baker Hughes, an energy services company.
Shale Sheet Fracking, a Youngstown Vindicator blog.
The Ohio Environmental Council, a statewide eco-group based in Columbus.
Earthjustice, a national eco-group.
People's Oil and Gas Collaborative-Ohio, a grass-roots group in Northeast Ohio.
Concerned Citizens of Medina County, a grass-roots group.
No Frack Ohio, a Columbus-based grass-roots group.
Fracking: Gas Drilling's Environmental Threat by ProPublica, an online journalism site.
Pipeline, blog from Pittsburgh Post-Gazette on Marcellus shale drilling.
Allegheny Front, environmental public radio for Western Pennsylvania.