Shell Article about poor shale gas results

from Rigzone E&P news, an admission by the soon to be retiring Shell CEO that their shale gas results are poor and that god results in some places are going to be more difficult to replicate elsewhere. This also gives a good excuse for a tax write down

article link:

http://www.rigzone.com/news/oil_gas/a/129591/Shell_CEO_Says_Shale_G...

Brian

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Permalink Reply by Janice L. Hancharick on October 19, 2013 at 12:08pm

This sounds logical.  However I know in the 4-County area some early horizontal results were poor due to inexperienced drillers (read smaller independents) coming in @ dubious angles unable to get positive results.  This too was a logical happening during the early years.

I'm not feeling sorry for the majors who like Shell and BP who are now looking @ bidding on Chesapeake ... a buy-out.  This has been reported recently on numerous O&G sites.

Permalink Reply by paleface on October 19, 2013 at 1:34pm
Permalink Reply by Trapper on October 20, 2013 at 9:57am

Things that make you go Hmmmmm......

Didn't Shell buy 618,000 Texas Permian Basin Shale acres from CK just a year ago for 1.9+ BILLION?

Now the word is they are trying to buy CK out altogether..........

This Shale thing must really be sucking for them. I mean.........seriously..............?

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