What happened to Polish shale?
Poor drilling results, weak gas prices and an expected supply onslaught have damaged Poland's unconventional hopes. Imports will rise
With 200 years' worth of domestic gas resources and a keen government, Poland was once Europe's most promising shale gas destination. Investors flocked to its upstream. 3Legs Resources drilled Poland's first fractured well in 2011. Other smaller players-Canada's BNK Petroleum and UK-based San Leon Energy-followed it, lured by big reserve estimates. The US Energy Information Administration pegged these at up to 187 trillion cubic feet-almost 57 times more than the conventional resources. ConocoPhillips, Chevron, ExxonMobil and Eni all jumped in. Five years after the land rush, things look very different. Difficult geology, confusing or inadequate regulations and an onslaught of conventional g
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