Realm Energy, Halliburton driving shale development
Posted: 18 December 2009
In an effort to accelerate shale gas development, Realm Energy International Corporation and Halliburton are continuing the evaluation of high potential shale deposits throughout Europe and select emerging countries.
"Following our evaluation, Realm is pleased to inform its shareholders that the Company is in the process of acquiring large contiguous tracts of land over significant shale formations," said Realm Chairman Craig Steinke.
"As we enter the exploration and development phase of our strategy, we can rapidly transfer Halliburton’s extensive shale knowledge and modify best practices from all North American shale plays to continental Europe and beyond."
In early 2009, Realm began collaborating with Halliburton Consulting on a global evaluation of shale plays with potential for natural gas and oil production.
Shale deposits are a proven and significant resource in North America and an emerging unconventional resource in other areas of the world.
Realm and Halliburton successfully selected eight discrete sedimentary basins in seven European countries, identified key prospect trends and targeted a substantial amount of petroleum and natural gas leases for acquisition.
Posted by Richard Price, Editor, EnergyME.com
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