The Ohio shale experience suggests how development of the UK’s Bowland Shale may go and the future is looking pretty darned good.
A lot has advanced in the six years since Cuadrilla Resources revealed their estimate of 200 TCF in natural gas reserves for their section of the Bowland Shale back in 2010. Sadly, the UK debate hasn’t been one of them. Yet. But the time is coming. Back in 2010, people saw shale as a flash in the pan. It was, of course, the biggest bang to hit energy markets since the light bulb. Yet, the UK debate still uses outdated economics, 2010 flow rates and 2010 energy policy concerns. Shale is still “controversial.” Meanwhile, in the US, the unconventional is the new normal, 70% or higher of 2016 production and nowhere is it more conventional than in Ohio.