Oldest U.S. Shale gas & oil fields plateauing or in decline…
Fracking is not a pathway to UK energy security. An average shale gas well produces 1 billion cubic feet (bcf) of gas, an average coal bed methane well (CBM) produces half of that. Divide that by UK gas consumption and you realise that we’d need to be drilling 8-10 new wells each and every day! 3,500 each year!!!
Latest drilling productivity report from the U.S. Energy Information Agency: http://www.eia.gov/petroleum/drilling/pdf/dpr-full.pdf
See average shale gas and CBM production figures from U.S. here: http://pubs.usgs.gov/of/2012/1118/OF12-1118.pdf
See our article of fracking and well numbers here: https://frack-off.org.uk/wells-wells-and-more-fracking-wells/