Drilling companies can sustain the shale revolution if they continue to cut costs and educate the community about hydraulic fracturing, according to energy firms' presentations at the BakerHostetler Shale Symposium. The decrease in utility costs brought by lower natural gas prices has prompted the CEOs of some European energy firms to plan for increasing investment in the U.S., said Kenneth Fisher, chief financial officer of Noble Energy Group. Amid anti-fracking campaigns, companies must do more to inform people that fracking "can be done safely and in a sustainable manner and that it is a fundamental driver of our economy," Fisher added.

Related Summaries