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Shell: Liquid Shales Could Have Big Impact On Energy Mix

May 17,2012

LONDON -(Dow Jones)- Shale rock formations that contain liquid hydrocarbons as well as natural gas could have a ” significant” impact on world energy supplies but it is too early to say for sure, a senior Royal Dutch Shell PLC (RDSB) executive said Thursday.

“It is too early to predict the impact if liquid rich shales. It could be significant,” said Ruth Cairnie, Shell executive vice president for strategy and planning.

Chastened by plunging U.S. natural gas prices in the wake of the shale gas boom, producers like Shell that have invested heavily in North American are increasingly switching their focus to ‘liquid-rich’ shales that contain hydrocarbon liquids as well as gas. These more valuable liquids can more easily be turned into higher-margin fuel products.

“We are moving fast into these emerging U.S. liquid-rich shales,” said Cairnie.

-By Alexis Flynn, Dow Jones Newswires, +44 207 842 9471, [email protected]

 (END) Dow Jones Newswires 05-17-121034ET Copyright (c) 2012 Dow Jones & Company, Inc.
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