Tag Archives: decreasing

Shale gas development in China aided by government investment and decreasing well cost

September 30, 2015 Source: U.S. Energy Information Administration; Advanced Resources International Inc. (ARI); China National Petroleum Corporation’s (CNPC) Economics and Technology Research Institute; Sinopec; and Platts Note: Component cost is based on EIA/ARI component-based cost model and assumes average well depth of 11,500 feet, with 4,000 feet of horizontal drilling. 2013 cost data are based […]

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