"Tight oil" and "tight gas" has been the domain of independent drilling companies but the majors are now entering the market in a serious way. Shell plans to make a major push into shale oil and gas. Their current cost is about $2/ million BTU and the current price is $3.70. They expect gas to fall into the $4-$8 range, but assume that in the near-term it will stay near the low-end of their range.
With the major comes more capital, the oil and gas bubble in the US will not go away anytime soon with the money and effort flowing.
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