Right from day one in 2012 we see the continuing importance of  international M+A activity in shale development.  The implications in France of the Total investment in the Utica being seen as a disinvestment in a France will become clearer over time.  France is making the accidental choice between austerity and shale.  Nothing will be solved in France this side of May's presidential elections but solved it will be. The shale ban will come up against reality and the choice will be clear:  No shale = No prosperity. Guess what happens?  

This snippet from Aubrey McClendon ,who is one of the few people who can combine shooting his mouth off and making sense at the same time.

 We believe that the Utica Shale is a world-class asset with world-class returns and now we have a world-class partner to help develop the play more aggressively than we could have with our own resources.

The season for predicting 2012 shouldn't really be the period between Christmas and New Year when no one is in the office or lucid enough to digest forecasts,  it should be the first week of business.  This week, I'll point out a number of smaller trends in shale that I think we should watch out for, but first  we need to think of what is both a mega- and meta- trend.

I have been saying for over two years that shale won't change everything - it's far more important than that.  We can now see how important.  Shale is moving, far more rapidly than even bulls such as I predicted,  from an energy story to an  economic one.  

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  • Andy

    I have been describing what I have seen with shale as a "re-industrial revolution". The effects of shale are seen in the new rail tanker cars to haul the oil the pipelines can't handle, the silica sand quarries expanding everywhere, the steel mills expanding, and the barge and truck drivers hauling...
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The takeover of Greenpark Energy by partner Dart Energy for $42 Million signifies someone else besides Cuadrilla sees potential in UK Shale:

 The Greenpark acreage is complementary to Dart's existing UK footprint, it said, with similar coal bed methane and shale potential, a large resource base and an early stage development option.

This is a complex transaction, with Polish and German acreage also involved. The mystery here is why would BG,  the only party with any money want to get out?