Countries and operators that are embarking on the global development of shale gas resources can benefit from the United States’ experience in water management from shale gas operations, according to a new report from Accenture (NYSE: ACN).
The report – “ Water and shale gas development: leveraging the US experience in new shale developments ” – identifies water as one of the key challenges that make the development of shale gas different from conventional gas.
The research looks at how countries with proven reserves, such as Argentina, China, Poland and South Africa, can leverage U.S. lessons and trends in water regulation, water use and management, and water movements to develop shale gas reserves economically and sustainably.
The report also identifies implications of shale gas development for oil and gas companies and highlights areas in which these operators should aim to build their capabilities to succeed in the current operating landscape.“Successful oil and gas operators will be those that understand the local water challenges, leverage the learnings from the U.S. plays and develop the right water sourcing, use/reuse, treatment, disposal and supply chain strategy,” said Melissa Stark, managing director and Clean Energy lead for Accenture's energy industry group. “One key opportunity for new geographies where infrastructure is a challenge is to explore sharing the development of infrastructure, water treatment facilities and the development of the local supply market.” The report emphasizes that countries will have different issues, options and solutions to the water challenges depending on the geology of the shale and the particular regional characteristics. For example, the report compares the water sourcing challenges in South Africa’s Karoo basin with Poland, and shows how different the flowback volumes and total dissolved solids (TDS) levels are across U.S. plays. Flowback is the injected fracture fluid mixed with the formation water containing dissolved minerals from the formation that flows back to the surface after fracking. Flowback water contains clays, chemical additives, dissolved metal ions and TDS.
Select the service that is right for you!COMPARE ALL SERVICES
Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.
- Real Money + Doug Kass + 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV