Bloomberg: Saudis May Have Fifth-Largest Shale Reserves

Saudi Arabia may hold as much as 645 trillion cubic feet of technically recoverable shale gas, according to an estimate by Baker Hughes Inc. 

“This number will put Saudi Arabia as the fifth-largest holder of shale gas behind China, the U.S., Argentina and Mexico,” Robert Kennedy, lead petroleum engineer at Baker Hughes, said today at a Society of Petroleum Engineers conference in Khobar, Saudi Arabia. MORE