We Still Don't Understand the U.S. Energy Boom
A recent report by Deloitte suggests that we have only scratched the surface of shale drilling, both in the U.S. and around the world. With foreign companies pouring tons of money into joint ventures to team up with U.S. shale producers, adoption of these new methods will catch on around the world.
Another thing to consider is how young these new technologies and methods really are. With even top shale producers such as Continental Resources optimistically getting well recovery rates of 5%, there's still a lot of opportunity for this technology and methodolgy to advance. In this video, Fool.com contributors Tyler Crowe and Aimee Duffy look at some of the other reasons we haven't fully grasped the potential of shale drilling and some of the companies that could help further advance the cause.
Thanks to several joint venture deals, Chespaeake Energy has been shaving down its debt levels and focusing more on putting all those assets into production. While the debt issues still persist for the company, giant steps have been taken to help mitigate the problems. To learn more about Chesapeake and its enormous potential, you're invited to check out The Motley Fool's brand-new premium report on the company. Simply click here now to access your copy.
The article We Still Don't Understand the U.S. Energy Boom originally appeared on Fool.com.Fool contributors Aimee Duffy and Tyler Crowe have no position in any stocks mentioned. You can follow them both on Twitter @TMFDuffy and @TylerCroweFool, respectively. The Motley Fool recommends Statoil and Total, owns shares of Denbury Resources, and has options on Chesapeake Energy. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.