KKR's Bookout: The profit-potential story from unconventionals

摘要

It's still early days in the Lower 48 unconventional-resource play, says John Bookout, Houston- based managing director for multi-industry, global private-equity firm KKR. That's despite that the horizontal shale revolution is already more than 10 years old now, dating back to Mitchell Energy & Development Corp.'s success into the late 1990s in the Bamett shale. "We are only just beginning to understand the true extent of this disruptive technology (of horizontal drilling and multistage lateral fracturing) and what it can do.. .in shale basins—and conventional basins," Bookout told attendees at The Oil Council's annual Americas meeting in New York.