Report: Foreign firms are boosting investments in U.S. shale plays

04/8/2013 | Hill, The

Foreign energy firms are increasing their investments in U.S. shale oil and natural gas formations, according to the Energy Information Administration. About $26 billion of the $133.7 billion invested in shale projects in the U.S. from 2008 to 2012 came from joint ventures with foreign partners, the report found. "Both U.S. and foreign companies benefit from these deals. U.S. operators get financial support, while foreign companies gain experience in horizontal drilling and hydraulic fracturing that may be transferable to other regions," EIA said.

View Full Article in:

Hill, The

Published in Briefs: