SIANJIA FLOW CONTROL

Golden Age of Gas Coming for Hydraulic Fracturing

Author：CVVT.SIANJIA FLOW CONTROL PublicTime：2014-09-19 Views：1616

The whole world is undergoing a gas revolution. Even IEA which is always severe also considers that the golden age of gas has already come. Gas revolution has positive impact on economy, for the current civilization being based on inexpensive business energy supply. In the coming decades, economic development in emerging countries will result in energy demands rising. The functions of gas will show increasingly.
Just like most of technologies in the past 100 years, hydraulic fracturing is also originated from the U.S. EIA explains, “the combination between horizontal drilling and hydraulic fracturing will enhance the capacity that exploit gas from geologic structure having low permeability.”
Those technologies can date back to 1970s. But EIA pointed out, “Until 1980s and 1990s, Mitchell Energy & Development Corp began to make experiments in Barnette Shale in north central of Texas. When exploitation of shale gas in deep layer became commercial reality, large-scale shale gas production appeared.” However, EIA considered that shale gas development had already begun to change the pattern of gas market in the U.S.”
The new method has increased output of American shale gas from 3.9 hundred billion cubic feet in 2000 to 4.8 trillion cubic feet in 2014, amount to 23% of total gas output in the U.S. In the future, output of shale gas will still increase substantially. EIA estimates that the U.S. has about 8.6 hundred trillion cubic feet of exploitable gas reserves on technique while proven reserves are only 2.73 trillion cubic feet. If it is right, shale gas alone can meet the gas demands in the U.S. for 40 years, based on the current consuming speed of gas.
EIA invited some counselors to research 48 shale gas basins in 32 countries. Those counselors predicted that globe had 6.6 quadrillion cubic feet of exploitable gas on technology. Besides the U.S., countries having high proven reserves include China, Argentina, Mexico, South Africa, Canada, Libya, Algeria, Brazil, Poland and France, except for Russia, Central Asia, Middle East, Southeast Asia and central of Africa.