Keyword: fracking

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  • Landmark fracking study finds no water pollution

    09/16/2014 1:43:10 PM PDT · by Olog-hai · 14 replies
    Associated Press ^ | Sep 16, 2014 3:05 PM EDT | Kevin Begos
    The final report from a landmark federal study on hydraulic fracturing, or fracking, found no evidence that chemicals or brine water from the gas drilling process moved upward to contaminate drinking water at a site in western Pennsylvania. The Department of Energy report, released Monday, was the first time an energy company allowed independent monitoring of a drilling site during the fracking process and for 18 months afterward. After those months of monitoring, researchers found that the chemical-laced fluids used to free gas stayed about 5,000 feet below drinking water supplies. Scientists used tracer fluids, seismic monitoring, and other tests...
  • Weak Wells Not Fracking Caused US Gas Leaks Into Water

    09/16/2014 6:12:51 AM PDT · by lbryce · 19 replies
    BBC ^ | September 15, 2015 | Matt McGrath
    A new study suggests that the contamination of drinking water by shale gas is due to faulty wells and not hydraulic fracturing. Researchers in the US analysed the gas content in 130 water wells in Pennsylvania and Texas. They were able to trace the methane found in the water to problems with the casing or lining of wells drilled to extract the gas. The report appears in the Proceedings of the National Academy of Sciences. In many parts of the US, the migration of gas into drinking water has raised questions about the fracking process.
  • Study: Leaky wells, not fracking, taint water

    09/15/2014 2:52:33 PM PDT · by grundle · 5 replies
    Associated Press ^ | September 15, 2014 | Seth Borenstein
    WASHINGTON (AP) — A new study says that the drilling procedure called fracking didn’t cause much-publicized cases of tainted water, blaming contamination on leaky natural gas wells instead. The study finds that eight hydraulically fractured wells in Pennsylvania and Texas leaked gas because the piping and cement seals in the wells themselves weren’t working properly.
  • Denton extends drilling moratorium until 2015; vote on frack ban looms

    09/12/2014 1:53:51 PM PDT · by 2ndDivisionVet · 10 replies
    The Dallas Business Journal ^ | September 10, 2014 | Nicholas Sakelaris
    Land-use conflicts between Barnett Shale wells and homes continues to pose a “major impediment” to Denton’s future quality of life and economic development, gas well administrator Darren Groth told the City Council Tuesday. The Council agreed, voting unanimously Tuesday to approve a moratorium on gas wells applications and permits through Jan. 20. This moratorium is separate from the Nov. 4 referendum to ban hydraulic fracking in the city of Denton, a first for Texas. The four-and-a-half-month extension gives city staff time to iron out problems with the city ordinance to prevent a repeat of what happened in the Vintage neighborhood...
  • Fracking dollars help save a sports icon in fracking-free New York (NFL's Buffalo Bills)

    09/12/2014 1:37:43 PM PDT · by 2ndDivisionVet · 6 replies
    The Barrel ^ | September 12, 2014 | John Kingston
    Another chapter in the never-ending love/hate relationship between New York and fracking. The former has banned the latter, as we’re sure you know. First, let’s go back to 2010. East Resources, which is a privately held independent oil and gas company operating in the Marcellus, among other areas, sells a vast amount of acreage in the Marcellus and other areas to Royal Dutch Shell for $4.7 billion. Then go back to earlier this year. Ralph Wilson, the only man who ever owned the Buffalo Bills, dies in March. So his heirs put the Bills–who haven’t made the NFL playoffs since...
  • Energy Minister: Half of Scottish Oil Reserves Yet to Be Exploited

    09/12/2014 12:24:40 PM PDT · by Lorianne · 19 replies
    RIA Novosti ^ | 10 September 2014 | Mark Hirst
    Scotland’s oil and gas sector is facing a bright future as half of oil reserves remain to be exploited, the Scottish Government's Minister for Energy, Enterprise and Tourism Fergus Ewing said Wednesday, commenting on a new study. Earlier, world leading oil expert Professor Alex Kemp, by using detailed financial modelling, predicted significant discoveries in Scottish oil sector made over the next 30 years. “His new predictions – based on that modelling – show a bright future for Scotland’s oil and gas sector for decades to come – with 99 new economic discoveries over the next three decades,” Ewing told RIA...
  • Barnet Shale still alive

    09/12/2014 6:12:36 AM PDT · by q_an_a · 7 replies
    Dallas Business Journal ^ | 9.10.2014 | Nicholas Sakelaris
    The Barnett Shale generates $11.8 billion in gross product per year and 107,650 permanent jobs for North Texas, according to economist Ray Perryman.
  • The Utica Shale Is Starting to Look "Extraordinary"

    09/11/2014 1:51:17 PM PDT · by ckilmer · 20 replies
    fool.com ^ | September 11, 2014 | Matt DiLallo |
    The Utica Shale Is Starting to Look "Extraordinary" By Matt DiLallo | More Articles | Save For Later September 11, 2014 | Comments (1)   Chesapeake Energy.  Few people are as bullish on the future of the Utica shale as the founder and former CEO of Chesapeake Energy (NYSE: CHK  ) , Aubrey McClendon. He famously once called it the "biggest thing economically to hit Ohio, since maybe the plow." More recently, he called it "extraordinary" and said that "pound for pound, it's the best gas rock in the U.S." What's different this time is McClendon is no longer alone in his...
  • Mother Jones Calls Hillary a Fracker

    09/10/2014 11:38:17 AM PDT · by PJ-Comix · 16 replies
    NewsBusters ^ | September 10, 2014 | P.J. Gladnick
    One of the worst things you can call a liberal, especially one running for president, is a fracker. And that is exactly what Mother Jones called Hillary Clinton when it accused her of strongly supporting fracking in other countries while she was Secretary of State. It will be interesting to see how Hillary will react to the fracking charges since it could make her anathema to the liberal base whose support she needs to win the Democrat nomination for president. It is a long detailed article but here are some highlights from How Hillary Clinton's State Department Sold Fracking to...
  • A Big Summer Story You Missed: Soaring Oil Debt

    08/29/2014 1:58:24 PM PDT · by ckilmer · 12 replies
    resilience.org ^ | 8/29/2014 | by Andrew Nikiforuk,
    A Big Summer Story You Missed: Soaring Oil Debt by Andrew Nikiforuk, originally published by The Tyee  | TODAY Over 100 of the world's largest energy companies are running out of cash. Photo of Keystone pipeline in Nebraska by Shannon Ramos. Creative Commons licensed.Some of the summer's biggest news stories took place in the bombed schools of Gaza, the abandoned hospitals of the Democratic Republic of Congo, the wheat fields of eastern Ukraine and the bloody mountains of northern Iraq.But one of the most important made virtually no headlines at all, and seemed to only appear on the website of...
  • Domestic crude begins to cut into Saudi sales volumes

    08/26/2014 12:22:14 PM PDT · by thackney · 30 replies
    Fuel Fix ^ | Robert Grattan | Robert Grattan
    Since about 2009 and until just recently, Saudi Arabia shipped discounted crude to the U.S. in growing volumes even as total U.S. waterborne imports fell. But while Saudi Arabia isn’t about to exit the U.S. market, cheaper domestic crude oils are beginning to displace Saudi imports. Daily U.S. crude imports fell from 11.8 million barrels in 2010 to 9.8 million barrels in 2013. Over roughly the same period, U.S. daily oil imports from Saudi Arabia rose from an annual average of just under 1.1 million barrels to about 1.5 million barrels, according to data from the U.S. Energy Information Administration....
  • Pioneer believes that through 2016 it can add more than 600 million BOE in proved reserves

    08/25/2014 4:15:19 PM PDT · by ckilmer · 15 replies
    fool.com ^ | August 25, 2014 | By Matt DiLallo
    3 Reasons Why Pioneer Natural Resources Stock Could Rise By Matt DiLallo | More Articles | Save For Later August 25, 2014 | Comments (0) Pioneer Natural Resources (NYSE: PXD  ) stock has gone up nearly 600% in just the past five years. That has crushed the market, which is up just over 92% over that same time period. Despite the market-crushing returns, there's still a lot of fuel left in Pioneer Natural Resources' tank. Here are three reasons why the stock could continue to rise.It's sitting on nearly 10 billion barrels of recoverable oil and gas Pioneer Natural Resources believes...
  • Inside North Dakota's latest fracking problem

    08/25/2014 3:41:20 PM PDT · by Lorianne · 26 replies
    CNBC/Reuters ^ | 22 August 2014 | Brad Quick | Morgan Brennan
    From his driveway, Tom Wheeler's view of North Dakota's sprawling grasslands seems endless. Fields of soy, wheat and canola stretch to the horizon in all directions. But as drillers flock to the state to cash in on North Dakota's booming shale play, that horizon has become increasingly marked by natural gas flares. Flaring is the burning of natural gas that can't be processed or sold. All those flares, meanwhile, are adding up. They burn so brightly that NASA astronauts have taken pictures of their glow from space. For some landowners like Wheeler, it's not the noise or light pollution that...
  • Why Is It So Hard for Employers to Fill These Jobs?

    08/24/2014 6:54:55 AM PDT · by 2ndDivisionVet · 178 replies
    The Daily Signal ^ | August 23, 2014 | Stephen Moore
    America has a deficit of workers. Willing workers. Capable workers. Skilled, or at least semi-skilled workers, who can do a job and do it well. There are at least one million jobs that go begging day after day if only employers could find workers to fill them. This probably seems hard-to-believe. After all, how can America have a worker shortage when we have about 18 million Americans who are unemployed or underemployed? When the real unemployment rate is 12 percent? Well certainly the economy isn’t creating nearly as many jobs as it should – in large part because of regulatory...
  • Ending ban on oil exports would mean cheaper gasoline, energy executive says

    08/22/2014 10:12:52 PM PDT · by ckilmer · 27 replies
    fuelfix.com ^ | August 22, 2014 at 7:51 pm | Vicki Vaughan
    Ending ban on oil exports would mean cheaper gasoline, energy executive says Posted on August 22, 2014 at 7:51 pm by Vicki Vaughan in Crude oil, Eagle Ford, Gasoline, LNG, Markets EmailPrint2 inShare (Jeff Pachoud/AFP/Getty) Should the government end its 40-year-old ban on exporting crude oil, the nation would enjoy benefits ranging from jobs to a decline in gasoline prices, an oil industry economist said in a talk this week in San Antonio.ConocoPhillips senior economist Helen Currie, citing a study by the energy consulting firm IHS Inc., said prices at the pump would fall by about 8 cents a gallon...
  • Must-know: Tighter-than-expected oil supply in the future

    08/21/2014 4:09:40 PM PDT · by ckilmer · 24 replies
    marketrealist ^ | Aug 21, 2014 10:08 am EDT | Russ Koesterich, CFA
    Must-know: Tighter-than-expected oil supply in the future By Russ Koesterich, CFA - Disclosure • BlackRock  • Aug 21, 2014 10:08 am EDT First, here’s a quick look at my expectations for oil supply and demand. Currently, oil prices remain elevated because global demand has continued to climb, despite slower growth in China (FXI), and supply overall has been unexpectedly constrained by both geology and geopolitical unrest. Looking forward, oil supply is likely to remain constrained and oil demand is likely to continue to grow.Oil supply: There’s a good chance that future oil supply may be tighter than expected. Currently, oil prices...
  • Refracking brings 'vintage' oil and gas wells to life

    08/21/2014 9:24:35 AM PDT · by ckilmer · 26 replies
    samachar ^ | Aug 20, 2014,
    Refracking brings 'vintage' oil and gas wells to life Aug 20, 2014, 10.43AM IST (The development highlights…) HOUSTON/WILLISTON, NORTH DAKOTA: A fracking boom isn't enough for U.S. oil and gas producers - they're now starting the re-fracking boom.Wells sunk as little as three years ago are being fracked again, the latest innovation in the technology-driven shale oil revolution. Hydraulic fracturing, which has upended global energy markets by lifting U.S. crude oil output to a 25-year high, has been troubled by quick declines in oil and gas output. The development highlights how producers must constantly invest and tinker, both to...
  • Turn natural gas into gasoline for $1 per gallon

    08/21/2014 8:50:09 AM PDT · by ckilmer · 73 replies
    peakoil.com ^ | August 21, 2014
    Turn natural gas into gasoline for $1 per gallon The clear liquid flowing from a collection of pipes and wires in a Hayward industrial park smells just like gasoline, and for all practical purposes, it is.But it wasn’t made from crude oil. Instead, it came from natural gas, the fuel whose sudden abundance in America is reshaping the country’s energy landscape.Siluria Technologies says it can produce large quantities of gasoline, diesel, jet fuel and chemicals at a lower cost than traditional refineries and chemical plants. At today’s natural gas prices, Siluria’s technology could make gasoline at roughly $1 per gallon, according to...
  • Pickens: Brent crude will be above $100 forever

    08/19/2014 12:54:27 PM PDT · by ckilmer · 6 replies
    cnbc ^ | 4 Hours Ago | Jackie DeAngelis
    Pickens: Brent crude will be above $100 forever Jackie DeAngelis | @JackieDeAngelis 4 Hours AgoCNBC.com 72 SHARES                         39COMMENTSJoin the Discussion Oil and gas entrepreneur T. Boone Pickens thinks international oil prices will stay high indefinitely—over $100 a barrel—despite recent declines in the futures market. Adam Jeffery | CNBC T. Boone Pickens At the Investools 4th Annual Investor Education Conference in Dallas, Pickens reminded investors that OPEC's largest producer, Saudi Arabia, needs oil prices to remain elevated in order to maintain its social spending programs; therefore, the Organization...
  • Oil production in Permian causes pipeline bottleneck in Texas

    08/17/2014 8:05:45 PM PDT · by ckilmer · 13 replies
    rigzone ^ | Tue Aug 12, 2014 12:56pm EDT | Catherine Ngai
    Oil Production In Permian Causes Pipeline Bottleneck In TexasCatherine Ngai|Tuesday, August 12, 2014 NEW YORK, Aug 12 (Reuters) - Oil production from the burgeoning Permian Basin of West Texas is outpacing pipelines' ability to transport oil to the Gulf Coast, causing coastal refiners to pay an additional premium to acquire oil.On Monday, that bottleneck caused oil for delivery at Midland, Texas <WTC-WTM> to trade at nearly $20 a barrel less than Gulf Coast benchmark Light Louisiana Sweet <WTC-LLS>, the deepest discount in 17 months. It was little changed on Tuesday.The deep discount is a consequence of the U.S. shale revolution, which...
  • Why This Oil Baron Thinks U.S. Oil Production Could Double

    08/17/2014 3:17:37 PM PDT · by ckilmer · 47 replies
    fool.com ^ | August 17, 2014 | Adam Galas
    Why This Oil Baron Thinks U.S. Oil Production Could Double By Adam Galas | More Articles August 17, 2014 | Comments (0) America's oil production is on a roll. After peaking in November of 1970 at 10 million barrels per day (bpd) and declining for nearly 40 years to a low of just 5 million bpd in 2008, today's oil production has soared 67%. The Energy Information Administration (EIA) is expecting another 13.6% increase by 2016 to 9.5 million bpd, before production tapers off in 2020. This miracle has been made possible by soaring shale oil production out of Texas...
  • Wind Power Requires 700 Times As Much Land As Fracking

    08/15/2014 1:34:20 AM PDT · by right-wing agnostic · 72 replies
    Powerline Blog ^ | August 14, 2014 | John Hinderaker
    One of the weirder facts of contemporary life is that “environmentalists” generally prefer wind power to fracking. Unless you suffer from an anti-carbon fetish, there is no comparison, as the Telegraph reports: A wind farm requires 700 times more land to produce the same amount of energy as a fracking site, according to analysis by the energy department’s recently-departed chief scientific advisor. … Prof MacKay said that a shale gas site uses less land and “creates the least visual intrusion”, compared with a wind farm or solar farm capable of producing the equivalent amount of energy over 25 years. This...
  • Christie vetoes bill aiming to ban fracking waste in N.J.

    08/08/2014 9:39:04 PM PDT · by MikeNJ · 3 replies
    The Star-Ledger ^ | August 08, 2014 | Brent Johnson
    TRENTON — For the second time in two years, Gov. Chris Christie has vetoed a bill that would have banned the dumping of fracking waste in New Jersey. Environmentalists and lawmakers from both parties had championed the measure, which would have prohibited companies from treating, discharging, disposing, and storing waste from hydraulic fracturing — the controversial practice of pumping water, sand, and chemicals deep underground to harvest natural gas. Though an increase in fracking in recent years has caused U.S. energy production to spike, critics worry that the practice could pollute drinking water supplies. And while fracking doesn't happen in...
  • Pioneer CEO: US oil production could hit 14 million barrels/day

    08/07/2014 3:32:58 PM PDT · by ckilmer · 29 replies
    fuelfix ^ | August 6, 2014 at 6:54 pm | y Jennifer A. Dlouhy
    Pioneer CEO: US oil production could hit 14 million barrels/day Posted on August 6, 2014 at 6:54 pm by Jennifer A. Dlouhy in General Scott Sheffield, chairman and CEO of Pioneer Natural Resources, speaks in Midland, Texas. (Tim Fischer\Reporter-Telegram) DENVER — Technological improvements will allow energy companies to scrape more crude out of the ground and drive U.S. oil production higher, even as producers seek new overseas markets for the fossil fuels, executives said Wednesday.Although government forecasters expect U.S. oil production to peak around 9.5 million barrels per day in 2016, Scott Sheffield, CEO of Irving, Texas-based Pioneer Natural Resources...
  • Shale gas: 'The dotcom bubble of our times'

    08/04/2014 5:51:58 PM PDT · by Lorianne · 33 replies
    Telegraph (UK) ^ | 04 August 2014 | Tim Morgan
    On the one hand, many environmental and conservation groups are bitterly opposed to shale development. Ranged against them are those within and beyond the energy industry who believe that the exploitation of shale gas can prove not only vital but hugely positive for the British economy. Rather oddly, hardly anyone seems to have asked the one question which is surely fundamental: does shale development make economic sense? My conclusion is that it does not. That Britain needs new energy sources is surely beyond dispute. Between 2003 and 2013, domestic production of oil and gas slumped by 62pc and 65pc respectively,...
  • We Could Unlock More Than 267 Billion Barrels of Oil in America

    07/30/2014 6:51:03 PM PDT · by ckilmer · 36 replies
    fool.com ^ | July 30, 2014 | Tyler Crowe
    We Could Unlock More Than 267 Billion Barrels of Oil in America By Tyler Crowe | More Articles | Save For Later July 30, 2014 | Comments (0) Photo credit: WPX Energy If I had told you five or six years ago that America would be producing more oil than ever before and potentially becoming an exporter of crude within a decade, you probably would have had me institutionalized. Yet thanks to the advancements in drilling techniques, we have been able to access one of the most abundant resources we didn't think were possible: shale and tight oil. Today, oil...
  • One Year of Fracking in CO, Creates More Jobs than Obama’s Entire Economy Has for Millennials

    07/21/2014 7:25:59 AM PDT · by Kaslin · 27 replies
    Townhall.com ^ | July 21, 2014 | Katie Kieffer
    Fracking in the state of Colorado during the year 2012 created 111,000 jobs whereas Barack Obama’s entire economy has only generated 110,000 jobs for Millennials since 2007. What is wrong with our president? Does he suffer from a migraine headache or is he simply refusing to think straight? His administration is spending up to $1,000 a day caring for illegal immigrant children carrying measles, mumps, scabies, lice, chicken pox, strep throat and tuberculosis. Meanwhile, legal American citizens with law degrees are living with their parents and struggling to find jobs that even pay minimum wage. Describing the influx of undocumented...
  • Charts and maps of America’s Amazing Shale Oil Revolution;

    07/19/2014 3:11:31 PM PDT · by ckilmer · 25 replies
    aei-ideas ^ | July 15th, 2014 | Mark J. Perry |
    Charts and maps of America’s Amazing Shale Oil Revolution; and the new ‘Big Three’: Bakken, Eagle Ford and Permian Mark J. Perry | July 15th, 2014   Skip to Responses     Below are four charts and two maps that help tell the story of America’s Amazing Shale Oil Revolution:1. The Big Three. Yesterday, the Department of Energy’s Energy Information Administration (EIA) updated its monthly “Drilling Productivity Report” with new estimates of oil production through August in America’s three, super-giant oil fields, the “Big Three”: the Bakken in North Dakota and Eagle Ford Shale and Permian Basin in Texas. As...
  • A fracking problem for Dems

    07/19/2014 1:26:35 PM PDT · by Cincinatus' Wife · 2 replies
    The Hill ^ | July 19, 2014 | Laura Barron-Lopez
    Republicans love fracking in Colorado — and it could help them flip a critical Senate seat this fall. The onslaught against Democratic Sen. Mark Udall (Colo.) reached a fever pitch this week when Colorado Gov. John Hickenlooper (D) had to cancel a special legislative session meant to keep two hydraulic fracturing initiatives backed by Rep. Jared Polis (D-Colo.) off the November ballot. Udall, who had stayed out of the fray on the two measures, was forced to take a side much to the GOP's glee. Now, with Colorado as one of the top natural gas producing states in the nation,...
  • Texas city weighs ban on new fracking permits (Denton)

    07/16/2014 12:26:37 AM PDT · by Olog-hai · 16 replies
    Associated Press ^ | Jul 16, 2014 2:43 AM EDT | Emily Schmall
    A North Texas community that sits on a large natural gas reserve could become the first city in the state to partially ban hydraulic fracturing, with city leaders in Denton set to vote early Wednesday on a citizen-led petition to outlaw new permits for the drilling method. The process, also called fracking, has led to significant economic benefits but also to fears that the chemicals could spread to water supplies, worsen air quality and even cause small earthquakes. Scores of other cities and some states have considered similar bans, but the proposal in Denton is a litmus test on whether...
  • Huge North Dakota Wastewater Spill Prompts Calls For Fracking Regulations

    07/15/2014 2:04:19 PM PDT · by SeekAndFind · 19 replies
    OIL PRICE ^ | 07/15/2014 | By Andy Tully
    Beaver dams have so far prevented about 1 million gallons of fracking wastewater discovered spilled July 8 from a rural North Dakota pipeline from spreading too far. But area residents, environmentalists and even a Republican state legislator all want more reliable measures. The spill of the toxic saltwater, a byproduct of hydraulic fracturing, came from gas extraction operations at the Fort Berthold Indian Reservation and occurred days before it was discovered. The federal Environmental Protection Agency said the underground pipeline spilled about 24,000 barrels, or 1 million gallon, in North Dakota’s thriving oil and gas region. The water, which can...
  • Seven Facts for Fracking Deniers

    07/10/2014 6:38:56 AM PDT · by rktman · 19 replies
    americanthinker.com ^ | 7/10/2014 | Jeffrey Folks
    At a recent town hall meeting in Edmond, Oklahoma, local citizens gathered to discuss the possible connection between fracking and increased seismic activity in their area. According to one published report, members of the audience left “disappointed” that no consensus had been reached linking fracking and seismic activity. According to the same report, many in the audience appeared to be “hostile to the oil and gas industry.” Even in this most oil-friendly of states, it seems, there is a rush to judgment linking fracking to every conceivable sort of damage.
  • Study links Oklahoma earthquake swarm with fracking operations

    07/07/2014 1:23:59 PM PDT · by mbarker12474 · 40 replies
    Los Angeles Times Science ^ | 3 July 2014 | Hailey Branson-Potts Los Angeles Times
    Study links Oklahoma earthquake swarm with fracking operations By Hailey Branson-Potts [skip to the last paragraph if you want to skip the nonsense.] Oklahoma ... boom ... recent years: oil and gas production and earthquakes. To many residents, the timing .... Before the oil and gas industry started drilling... rare to feel an earthquake. Today, Oklahoma... second-most seismically active state .... Now ... fresh scientific evidence .... Researchers from Cornell University and the University of Colorado say a large swarm of earthquakes ... caused by ... disposal wells, ... wastewater from drilling operations ... hydraulic fracturing ... deep geological formations.......
  • Germany Shelves Shale-Gas Drilling For Next Seven Years

    07/05/2014 6:26:52 PM PDT · by MinorityRepublican · 25 replies
    The Wall Street Journal ^ | July 4, 2014 | JAN HROMADKO and HARRIET TORRY
    BERLIN—Germany plans to halt shale-gas drilling for the next seven years over concerns that exploration techniques could pollute groundwater. "There won't be [shale-gas] fracking in Germany for the foreseeable future," Environment Minister Barbara Hendricks said Friday. The planned regulations come amid a political standoff with Russia, Germany's main natural gas supplier, and following intensive lobbying from environmentalists and brewers concerned about possible drinking-water contamination. The production of shale gas requires the application of the hydraulic fracturing technology known as fracking, which involves using a high-pressure mixture of water, sand and chemicals to break apart rocks to release the gas. The...
  • Why the Amazing Bakken Growth Story Isn't Over Yet

    07/04/2014 8:47:07 AM PDT · by ckilmer · 15 replies
    fool.com ^ | July 4, 2014 | By Callum Turcan
    Why the Amazing Bakken Growth Story Isn't Over Yet By Callum Turcan | More Articles July 4, 2014 | Comments (0) As many energy investors know, North Dakota's oil production recently surpassed 1 million barrels a day. Does this mean that the growth story is now over and all the best locations have been drilled, or, as downspacing allows oil and gas companies to target the Three-Forks benches just below the Middle Bakken interval, is the growth story still underway? Only time will tell, but Oasis Petroleum (NYSE: OAS  ) is one E&P player trying to shake things up by targeting the deeper...
  • Boris Johnson: Let households own shale gas and oil beneath their land

    07/02/2014 8:51:48 PM PDT · by 2ndDivisionVet · 8 replies
    The London Telegraph ^ | June 30, 2014 | Emily Gosden, Energy Editor
    People will be more likely to support fracking if they have a direct commercial interest in the extraction of shale oil and gas beneath their land, Mayor of London says. British households should be given ownership of the oil and gas beneath their homes so that they have a commercial interest in supporting fracking, Boris Johnson has said. The Mayor of London said that the law should be changed so that “mineral rights” belonged to the landowner, rather than the Crown. Currently, the Government grants licences to companies to explore for and produce oil and gas, while the owners of...
  • The First Crisis Hits Shale Drilling {hyperbole}

    07/02/2014 5:37:06 AM PDT · by thackney · 10 replies
    Real Clear Energy ^ | July 1, 2014 | Dave Forest
    "Crisis" may be a little hyperbolic. But shale production of oil and gas in America suddenly got a lot riskier this week. That's because of a landmark decision from one of the highest state courts in the land. Upholding the right of individual towns to regulate shale drilling, trumping state or federal regulatory regimes. The ruling came down yesterday in New York. Where the State Court of Appeals voted 5-2 to reject challenges to fracking rules imposed on the oil and gas industry by two municipalities in the state: Dryden and Middlefield. The saga started in 2011. When the two...
  • BP: The world has 53.3 years of oil left

    07/02/2014 6:22:50 AM PDT · by ckilmer · 41 replies
    fool ^ | 8:49 AM, July 1, 2014 | | By Matt DiLallo
    Motley Fool: The World Has 53.3 Years of Oil Left By Matt DiLallo | More Articles |  June 22, 2014 |   Photo credit: BP. BP (NYSE: BP  )  has provided an intriguing update to its global oil reserves estimate in the company's latest yearly review of energy statistics. BP raised its reserve estimate by 1.1% to 1,687.9 billion barrels, which is enough oil to last the world 53.3 years at the current production rates. However, there's likely a lot more oil left in the tank beyond what BP sees today. America's energy boom surgesA good portion of the growth in global oil reserves in BP's report comes from the...
  • The Real Significance Behind That Oil Export Hoopla

    06/30/2014 4:50:49 PM PDT · by ckilmer · 25 replies
    forbes ^ | 6/30/2014 @ 7:35PM | Christopher Helman
    There was a lot of hoopla last week over the news that the U.S. Department of Commerce had seemingly loosened rules governing the export of condensate — light weight hydrocarbons recovered from oil and gas wells. The excitement was palpable; shares in in oil refiners sold off. Was this the start of the big policy shift that oil producers have been dreaming of? An end to the 40-year oil export ban?
  • New York cities win right to ban fracking

    06/30/2014 3:10:00 PM PDT · by shove_it · 10 replies
    SeekingAlpha ^ | 30 Jun 2012
    New York’s cities and towns can block fracking within their borders, the state’s highest court rules, upholding the dismissal of lawsuits challenging bans in two small upstate towns.The ruling could lead the oil and gas industry to abandon fracking in New York, or it could mean that a patchwork of rules eventually may govern whether exploration can take place across the state; the case also may invigorate local challenges to the practice in states across the U.S.Parts of New York sit above the Marcellus Shale, some of whose top producers are: CHK, RRC, RDS.A, RDS.B, TLM, APC, ATLS, COG, CVX,...
  • New York top court OKs local gas-drilling bans

    06/30/2014 7:36:58 AM PDT · by Olog-hai · 10 replies
    Associated Press ^ | Jun 30, 2014 10:20 AM EDT | Michael Hill
    New York’s top court handed a victory to opponents of hydraulic fracturing for natural gas Monday by affirming the right of municipalities to ban the practice within their borders. The state Court of Appeals affirmed a midlevel appeals court ruling from last year that said the state oil and gas law doesn’t trump the authority of local governments to control land use through zoning. […] The court in a 5-2 decision stressed that it did not consider the merits of fracking, but only the “home rule” authority of municipalities to regulate their land use. The court said the towns of...
  • Energy boom fuels economic growth in Midwest states

    06/28/2014 6:28:04 AM PDT · by ckilmer · 3 replies
    miamiherald ^ | Friday, 06.27.14 | Patrick Gillespie
    Energy boom fuels economic growth in Midwest states     The drilling rig floor is slick with grease and oil in Watford City, N.D., Dec. 17, 2013. Jim Gehrz / Minneapolis Star Tribune/MCT By Patrick Gillespie McClatchy Washington Bureau WASHINGTON -- While the national business outlook remains tepid, the energy sector is driving fast economic growth in some states.A drilling boom for oil shale and natural gas has spurred prosperity throughout the middle of the United States. Despite having mostly smaller economies compared with coastal states, these states will continue growing for at least five more years, energy economists project,...
  • Peak Oil’s Revenge

    06/27/2014 1:05:09 PM PDT · by ckilmer · 13 replies
    peakoil.com ^ | June 27, 2014 | Christian DeHaemer
    Peak Oil’s Revenge A slew of events over the past few months have driven the price of oil higher.The ISIS incursion in Iraq has set up the entire Middle East for a multinational civil war. It’s not hard to envision a reign of destruction across the Arab Peninsula to the oil producing regions of Iran.Russia, the world’s largest producer of hydrocarbons, is stirring up nationalism and sending rebel groups into Ukraine.China just sent four jack-up rigs into disputed waters off Vietnam to look for oil.And two days ago, the Obama administration made it legal to export very lightly refined crude...
  • Must-know: Recent activity and growth in the Permian Basin

    06/25/2014 2:07:12 PM PDT · by ckilmer · 17 replies
    marketrealist ^ | Jun 25, 2014 1:00 pm EDT | Avik Chowdhury
    Must-know: Recent activity and growth in the Permian Basin By Avik Chowdhury - Disclosure • Jun 25, 2014 1:00 pm EDT The Permian Basin and U.S. energy independenceAs we’ve seen, the Permian Basin has been one of the primary drivers of domestic oil growth and has been heralded as one of the pillars to move the U.S. closer to energy independence. The following statistics convey a sense of the recent growth and activity in the region.Recent growthThe chart below shows the growth in oil produced from the Permian Basin over the past few years. Production in the region had bottomed...
  • Fracking and Property

    06/23/2014 6:56:57 AM PDT · by rktman · 7 replies
    nationalreview.com ^ | 6/23/2014 | Jillian Kay Melchior
    The Sylvester family has been able to restore their farm only because they are mineral-rights owners. Royalty payments from the energy companies leasing their property have helped cover the expense — already more than $200,000. Without royalties as a source of income, there would have been “no way,” Sylvester says.
  • Shale Boom Will Spread Beyond North America Before 2020: IEA

    06/22/2014 7:19:56 PM PDT · by ckilmer · 22 replies
    ibtimes.com ^ | June 17 2014 8:45 AM | By Justin Scheck and Benoît Faucon
    Shale Boom Will Spread Beyond North America Before 2020: IEA By Meagan Clark on June 17 2014 8:45 AM Here's the EIA's latest assessment of where the world's known technically recoverable shale oil and gas deposits are located. The number of countries on the list has nearly doubled since 2011. U.S. Energy Information Administration Share this article   The North American shale boom that has transformed the oil industry here will spread beyond the continent before the end of the decade, the International Energy Agency (IEA) said Tuesday in its annual five-year oil market report.That’s sooner than IEA previously expected....
  • Fracking foes turn to cities

    06/22/2014 12:32:36 PM PDT · by 2ndDivisionVet · 13 replies
    The Denton Record-Chronicle ^ | June 21, 2014 | Peggy Heinkel-Wolfe
    Anti-fracking forces across the country have tapped into local governments to get them to tap the brakes on fracking, a technological advance that allows energy companies to extract oil and gas from deep rock formations by pressure-pumping them with sand, water and chemicals. Some states allow communities to regulate the energy industry, but some do not, according to Deborah Goldberg, a New York attorney with Earthjustice, a national nonprofit known for using the court system to protect the environment and people’s health. “Local authority varies substantially depending on the state you are in,” Goldberg said in a press briefing Friday....
  • Crude oil potential from Colorado's DJ Basin gets bigger (a lot bigger)

    06/22/2014 12:12:53 PM PDT · by ckilmer · 16 replies
    bizjournals ^ | Cathy Proctor | Cathy Proctor
    Apr 8, 2014, 6:20am MDT Updated: Apr 8, 2014, 7:52am MDT Crude oil potential from Colorado's DJ Basin gets bigger (a lot bigger)   Enlarge Photo Comstock Images via Thinkstock .     Cathy ProctorReporter- Denver Business JournalEmail  |  Facebook  |  Twitter The estimated amount of crude oil and other liquids that could be pumped from Colorado’s booming Denver-Julesburg Basin has grown to more than 4 billion barrels.And that’s just using estimates from the two biggest oil and gas companies — Noble Energy Inc. (NYSE: NBL) and Anadarko Petroleum Corp. (NYSE: APC) — working in the DJ Basin, which...
  • The World Has 53.3 Years of Oil Left

    06/22/2014 10:52:21 AM PDT · by ckilmer · 67 replies
    fool.com ^ | June 22, 2014 | Matt DiLallo
    The World Has 53.3 Years of Oil Left By Matt DiLallo |June 22, 2014 | Photo credit: BP. BP (NYSE: BP  )  has provided an intriguing update to its global oil reserves estimate in the company's latest yearly review of energy statistics. BP raised its reserve estimate by 1.1% to 1,687.9 billion barrels, which is enough oil to last the world 53.3 years at the current production rates. However, there's likely a lot more oil left in the tank beyond what BP sees today. America's energy boom surgesA good portion of the growth in global oil reserves in BP's report comes from the...
  • N.D. oil production tops 1 million-barrels-a-day milestone

    06/21/2014 5:31:59 PM PDT · by ckilmer · 3 replies
    startribune ^ | Updated: June 17, 2014 - 11:08 PM | DAVID SHAFFER ,
    North Dakota has joined the big leagues of crude oil production, surpassing 1 million barrels per day — an output second only to Texas in the U.S. State officials said Tuesday that North Dakota yielded 1,001,149 barrels daily in April from a record 10,658 wells. Jubilant oil industry officials hailed the benchmark as another sign that the United States is freeing itself from the grip of foreign oil.