Peak Shale
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The Limitations of Drilling in the Shale Gas Revolution
Chris Hubbard: How much drilling is left in the shales and what would their production profiles look like? He says there's no two ways about it, but 80% of the productivity improvements were happening because you're just drilling a well in a tier one prospect area. The Barnett gas fields have now began to produce more than they did at its peak between 2002 and 2003; that ramped up from zero to half a BCF per day. And if you were to put those numbers down today, I believe it's a little over two and a half years before we see them again.
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