Is Shale Gas Changing The World?

The primary energy needs of people are coal, natural gas and oil. Major suppliers of natural gas and oil are the Gulf nations. However, in the last ten years, the rights of several countries and people have been affected as the rates have risen in leaps and bounds by the oil producing nations. Moreover, the next decade sees great increase in the consumption rates. Hence, nations such as the United States, UK are trying to find alternatives to avert the crises. 

Shale gas energy has been found as a great substitute to natural oils. It is believed that this resource can protect the human rights and make energy available to all at sensible rates. Massive reserves of shale to meet all future demands have been found in shale Cuenca de Burgos (Mexico), America, China and several other nations. Moreover, since the energy of the rock has extremely low emission of carbon in comparison to other energy sources, it can solve the problems related to environment pollution created by industrialization in developing and developed countries.

If things go as planned, gas shale has the capacity to replace imported natural gas and oil from limited stocks within Russia and the Arab countries. Innovative techniques are being developed by scientists that can make shale gas production cheaper than gas and oil imports at present rates. New technologies have been created, where chemicals and sand are injected within the rocks to get gas to the surface. The reserves of energy of gas shale can stimulate extreme economic growth, help in reducing carbon emissions and decrease dependence on imports from the Gulf world. As per the figures available on the Internet, the amount of reserves of gas shale in tamaulipas and other parts of Mexico can help meet the gas needs of not only the United States but also countries across the world.

Shale Gas Extraction in Coahuila

As per the U.S. Energy Information Administration, Mexico has the fourth largest reserve of shale gas in the world. These deposits are assumed to contain rich pockets of oils and natural gas and are spread in several different regions of the country. One of such areas is Coahuila. Because of this development, Antonio Gutiérrez Jardón, secretary of economic development for Coahuila, expects to obtain U$64 billion in the form of investments for exploring and producing unconventional hydrocarbons over a period of fifteen years. During this time, the secretary anticipates about 8,000 shale wells to be created with the help of hydraulic fracking. 

As a result of industrial activity and investments, Coahuila hopes to create as much as two hundred thousand jobs. The 8,000 wells have been located through seismic testing. Presently, Coahuila maintains three unconventional basins that hold the shale oil and shale gas: Burro-Picachos, Sabinas and Burgos. It is projected that the prospective reserves in these three basins amount to almost twenty five billion barrels of crude petroleum, or 40% of the entire hydrocarbon reserves expected for entire Mexico. 

As a result of energy reform implementation, Pemex will carry on with its activities in the area. In addition to this, a concession of approximately eight blocks of gas shale in coahuila will be given for private investment that includes fifteen thousand square kilometers located in the town of Jiménez. US companies such as Lewis Energy Group that maintain partnership agreements with Pemex to work on certain wells in the North part of Mexico will be able to work through 100% ownership for the purpose of production and exploration of gas shale in coahuila.

For the aforementioned reasons, the government of Coahuila is certain that the Mexican state will become one of the most important areas for the hydrocarbons industry. Due to states like Coahuila, Mexico will transform itself from an importer of natural gas to a global gas powerhouse if it is able to tap into its shale resources.

Without shale, the production of natural gas is only predicted to grow 0.5 percent in 15 years, while the demand will rise to approximately 2.5 percent. This means expanding imports at a steady rate of around seven percent to keep up. It is not clear, however, if the public company Pemex will remain enthusiastic about shale gas extraction. It intends to spend $2.36 billion (30.5 billion pesos) on exploration of shale over the next few years, merely 2 percent of the required budget for that same period.

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