Shale Revolution Spreads With Record Wells Outside U.S.: Energy

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http://www.bloomberg.com/news/2013-11-15/shale-revolution-spreads-with-record-wells-outside-u-s-energy.html

The hydraulic fracturing of shale in search of oil and gas has hardly started outside the U.S., but that’s changing.

A record 400 shale wells may be drilled beyond U.S. borders in 2014, with most in China and Russia, according to energy consultants Wood Mackenzie Ltd. While that’s a fraction of the thousands of shale wells drilled in the U.S., the number of rigs used onshore in Europe and the Asia-Pacific region has increased 10 percent over the past year, data compiled by oil services company Baker Hughes Inc. show. Most of those rigs are meant for shale, Bloomberg Businessweek reports in its Nov. 18 issue.

“It’s likely there will be a revolution,” Maria van der Hoeven, executive director at the Paris-based International Energy Agency, said in an interview in London. “But not everywhere at the same time. And you just can’t copy the U.S. experience.”

Fracking in the U.K. will start next year, after the government lifted an 18-month moratorium imposed when a drilling company found it had accidentally caused earthquakes. Two utilities -- Centrica Plc (CNA) of Britain and GDF Suez (GSZ) SA of France - - have bought stakes in the country’s drilling licenses to help bankroll the drillers and win a cut of any profit.

[Champion Jack]

1. 4 to 7,000,000 gallons of fresh water never to reenter the natural cycle from how many wells…?