Why there won’t be a Middle Eastern fracking hero any time soon | The National:
"Two insightful recent books tell the story of the shale gas revolution – Gregory Zuckerman’s The Frackers and Russell Gold’s The Boom. Both view it from the vantage of the stubborn entrepreneurs who persisted against industry consensus to make hydraulic fracturing of shales work, such as George Mitchell of Mitchell Energy and Aubrey McClendon of Chesapeake. And both present it as a uniquely American phenomenon.
This interpretation raises two interesting questions. Is the shale gas boom really the creation of a few brilliant wildcatters, or was it the inevitable outcome of higher prices and advancing technology? And why has shale gas not emerged in a region with more favourable geology, such as the Middle East?
Mitchell persisted in fracking the Barnett Shale in Texas during the 1990s despite poor results and low gas prices. A senior executive at a major oil company told me in 2002 that his company would not have drilled those wells, regarding them as marginal. But in 1998, Mitchell Energy had changed its fracking formula. The new wells were cheaper and more productive."
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