Chevron, Occidental Continue Investing in their Major Shale Assets

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Hira Shahnawaz Akhtar
Published on
Updated on

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 requires producers to invest too much to continue production. It is also noted that shale oil extraction reduces by about 70 percebt after the first year, said Mike Tims, Chairman of…

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Hira is a financial analyst whose expertise lies in commodity and other financial markets. Hira is currently an independent financial consultant and is working with many international firms like American Arab Solutions (AAS). She has previously served as a Senior Research Analyst at Alternate Research (Pvt.) Ltd. as the Team Leader for the International Equities Research. She has also worked as an equities analyst of Pakistani E&P stocks at Invest Capital Markets. She has experience in business development and conducting feasibility studies in commodity markets, specifically in sugar, palm oil and canola oilseeds. She has cleared all three levels of her CFA (Chartered Financial Analyst) and has an undergraduate degree in Finance.