Bloomberg: Poland's No Texas as Europe's Shale Drillers Capitulate

When Cuadrilla Resources opened an office in Poland in 2009, it had a reason to be optimistic: the shale boom was transforming the US into the world's largest producer of natural gas. To the companies rushing to imitate that success in Europe, Poland looked like the next Texas.

Six years later, the UK explorer has yet to drill its first Polish well - and that's in the country that's most eager to allow hydraulic fracturing in Europe. The so-called super-majors like Exxon Mobil, Chevron and Royal Dutch Shell have packed up and moved on.

Read the full article HERE.