Hughes Eagle Ford Shale update featured on DeSmogBlog
December 17, 2015
PCI’s latest report, Eagle Ford Reality Check: The Nation’s Top Tight Oil Play After a Year of Low Oil Prices, by Fellow Dave Hughes was featured in this article at DeSmogBlog.
From the article:
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A new report published by the Post Carbon Institute concludes that Texas’ Eagle Ford Shale basin, the most prolific shale oil basin in the U.S., has peaked and reached terminal decline status. The Post Carbon report dropped just as Congress is on the verge of lifting the oil export ban for U.S.-produced crude oil, which will only further incentivize drilling and fracking.
Titled “Eagle Ford Reality Check: The Nation’s Top Tight Oil Play After More Than a Year of Low Oil Prices,” the report is the latest in a series of long reports on the overhyped future of oil obtained via hydraulic fracturing (“fracking”) in the U.S. by Post Carbon Institute Fellow David Hughes. Hughes formerly worked for 32 years with the Geological Survey of Canada as a scientist and research manager before coming to Post Carbon.