A few years ago I sat with a friend who was close to retirement. He had spent his life in oil drilling and I picked his brains. He told me about the new age of information in drilling and that drillers today pull terabytes of data out of every drill. Imagine this with the tens of thousands of drills in US shale and you get the picture. This unique treasure trove of information gets exposed to Silicon Valey wizards that pull useable patterns from this haystack. Today, drillers get live data from the drill and have computer-assisted tools at hand to make educated decisions while the drillbit turns. There is still a lot of room at the bottom.
Researchers from Penn State University claim that they have found a more cost-effective way of finding shale gas reserves