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Ohio Utica Shale

Foreign investors back U.S. shale, ignore Mexico

By Jim Mackinnon Published: April 8, 2013

The Via Meadia blog notes that the U.S. shale energy revolution is getting financing from international sources.

Via Meadia writes: "America’s shale revolution is more global than you think. Twenty percent of investments in American shale energy, totaling more than $26 billion, came from joint ventures with foreign companies. As the Energy Information Administration (EIA) reports:

Both U.S. and foreign companies benefit from these deals. U.S. operators get financial support, while foreign companies gain experience in horizontal drilling and hydraulic fracturing that may be transferable to other regions. Plus, foreign companies can operate in a stable market with a sound legal system and low political risk.

"The US isn’t the only country with shale reserves; many other countries are keen on replicating America’s shale boom. Mexico might be the country best poised to replicate that success. North American geology is particularly well-suited to horizontal well drilling."

The entire post is here.

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Utica Shale, a compilation of Utica shale activities.

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Rig Count Interactive Map by Baker Hughes, an energy services company.

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Fracking: Gas Drilling's Environmental Threat by ProPublica, an online journalism site.

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