Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

Cracked: 15 Things to Know About Gas, Money and Power

By Eric Roston and Tom Randall - 2014-02-21T13:10:53Z

Sources: U.S. Energy Information Administration, U.S. Bureau of Labor Statistics, Resources for the Future, U.S. Federal Energy Regulatory Commission. GRAPHIC: ALEX TRIBOU & DAVE MERRILL/BLOOMBERG VISUAL DATA

Company Symbol % Change
6 of 16

These Wells May Fizzle

Engineers are concerned by the rapid fizzle of shale oil and gas wells. 

Production at some fracked wells drops much faster than anticipated -- a decline as fast as 75 percent in the first year. Wells that peter out too quickly are raising costs and imperiling production growth, a problem the industry must solve before it derails the march toward U.S. energy independence. Geologists and engineers are coming together to diagnose and fix the wells, a novel collaboration to address a new kind of problem. 

Official projections see U.S. natural gas production rising 44 percent by 2040 over 2011 levels, to 33.1 trillion cubic feet a year, assuming the wells cooperate.

Advertisement