Realm Energy and Halliburton Evaluate and Rank Shale Plays in Emerging Markets

abarrelfullabarrelfull wrote on 02 Jun 2011 05:22
Tags: halliburton realm shale

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In an effort to accelerate shale gas development, Realm Energy International Corporation (TSX-V:RLM) has contracted Halliburton’s (NYSE: HAL) Consulting and Project Management team to work with Realm Energy to significantly expand the technical evaluation and ranking of the highest-potential shale deposits found in emerging prospective basins globally.

Realm Energy and Halliburton’s Consulting and Project Management team began their collaboration in 2009 with an emphasis on European basins. During this initial effort, Realm Energy, supported by Halliburton, targeted 10 discrete sedimentary basins in four European countries for evaluation. The collaboration identified key prospect trends, and Realm has now successfully acquired 650,000 gross acres and has 4.4 million acres under government application of contiguous tracts of land over significant shale resources.

“Realm Energy is now moving into an operational phase with our European leasehold and will contract with Halliburton to leverage its extensive shale-development knowledge, gained from Halliburton’s significant presence in the North American market,” said Realm Energy Chairman Craig Steinke . “We could not have achieved the quality of our European portfolio without the help of Halliburton’s consulting organization; this is why we have expanded our collaboration to assess and rank shale resources globally.”

“Halliburton has developed a rigorous and efficient approach to the assessment, appraisal and development of shale plays, based on our extensive experience in North America,” said Paul Koeller, vice president of Halliburton Consulting and Project Management. “Our work with Realm on the European shale plays has significantly increased our knowledge base for unconventionals, and we look forward to working with Realm on a global level.”

About Halliburton

Founded in 1919, Halliburton is one of the world’s largest providers of products and services to the energy industry. With more than 60,000 employees in approximately 80 countries, the company serves the upstream oil and gas industry throughout the life cycle of the reservoir – from locating hydrocarbons and managing geological data, to drilling and formation evaluation, well construction and completion, and optimizing production through the life of the field. Visit the company’s website at

About Realm Energy

Realm Energy International Corporation is a Canadian domiciled global energy company focused on driving the exploration and development of major shale plays throughout Europe and emerging countries. The Company presently has projects in Poland and Germany, and is in the process of acquiring additional petroleum and natural gas rights in other European basins which have been identified as high potential. Realm Energy is committed to leveraging the most advanced shale technology to bring these resources into production. Visit Realm Energy’s website at .

Realm Energy and Halliburton Evaluate and Rank Shale Plays in Emerging Markets

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