Shell is poring research dollars into the future of shale production to the tune of $7.5 million at the University of Texas. The U.S. production phenomenon will likely extend world-wide as technology and experience spread. Research will be at the forefront of assuring the world has adequate energy needs. Little was known about shale gas production until the past ten years when material volumes began to be produced.
Now, operators are drilling wells and learning as they go. Research is in catch up mode.
Shell Oil is donating $7.5 million to establish a program at the University of Texas at Austin to study improved methods for extracting oil and gas from unconventional rock formations containing vast energy resources.
The five-year program’s chief goal is to enhance understanding of the subsurface characteristics of shales, coalbed methane and other tight, complex formations so resources can be extracted more efficiently and economically, as well as in a more environmentally sensitive way, said Scott Tinker, director of UT’s Bureau of Economic Geology, which will manage the program.
Oil and gas activity is increasing in shale formations from Texas to New York and companies are beginning to export the technology outside North America.
Read the full news article at chron.com