Chevron, Occidental Continue Investing in their Major Shale Assets

US shale reserves have aroused much excitement among E&P companies. EIA added fuel to this hype with its recent report declaring that US had the second largest shale reserves in the world comprising a total of 58 billion barrels.

However, there are a number of factors to consider before shale can be made commercially viable. Some analysts feel that shale is not a long-term and sustainable option as it . . .

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