Keyword: shalegas

Brevity: Headers | « Text »
  • America‚Äôs Top Shale Gas Basin in Decline

    12/23/2015 2:56:25 PM PST · by bananaman22 · 10 replies ^ | 23-12-2015 | Marcellus
    The natural gas drilling frenzy is grinding to a halt, as the industry struggles with excess supply. Natural gas prices have plunged to their lowest levels in more than a decade this month, dipping below $1.80 per million Btu (MMBtu). The shale gas revolution is an old story at this point, one that everyone is familiar with. But the revolution never really ended, even though the media moved on to focus on the tight oil boom. Natural gas production continued to rise over the past decade, reaching record heights in 2015. However, demand has not kept up, despite the rise...
  • New York-Style Fracking Ban Defeated by Colorado Task Force

    02/24/2015 7:16:19 PM PST · by george76 · 12 replies
    Energy in Depth ^ | February 24, 2015 | Simon Lomax
    An activist who was using his position on Coloradoís oil and gas task force to push for a New York-style ban on oil and natural gas development has given up on the fringe proposal for lack of support, according to documents released by state officials overnight. The proposalís demise is yet another defeat for national anti-fracking groups in Colorado, such as Food and Water Watch and the Sierra Club, which are desperately trying to reboot their failed campaign for an effective statewide oil and gas development ban. Itís also a reminder of how outside of New York, the ďban frackingĒ...
  • Shale gas provides largest share of U.S. natural gas production in 2013

    11/25/2014 8:58:42 AM PST · by thackney · 5 replies
    Energy Information Administration ^ | 11/25/2014 | Energy Information Administration
    Total U.S. natural gas gross withdrawals reached a new high at 82 billion cubic feet per day (Bcf/d) in 2013, with shale gas wells becoming the largest source of total natural gas production. Natural gas gross withdrawals are a measure of full well stream production including all natural gas plant liquids and nonhydrocarbon gases after oil, lease condensate, and water have been removed. According to the Natural Gas Annual, gross withdrawals from shale gas wells increased from 5 Bcf/d in 2007 to 33 Bcf/d in 2013, representing 40% of total natural gas production, and surpassing production from nonshale natural gas...
  • Magnum Hunter has Ďmonsterí on its hands with biggest Utica well Ė ever

    10/03/2014 4:43:05 PM PDT · by ckilmer · 34 replies
    bizjournals ^ | Sep 25, 2014, 11:29am EDT | Tom Knox
    Magnum Hunter has ‚Äėmonster‚Äô on its hands with biggest Utica well ‚Äď ever Sep 25, 2014, 11:29am EDT Share on Google + Share on Facebook Share on LinkedIn Share on Twitter Email this article Save Order Reprints Print Enlarge Photo ¬† Industry Supplier of the Year: Gary C. Evans of Magnum Hunter Resources Corp. ¬† ¬† Tom KnoxReporter- Columbus Business FirstEmail ¬†|¬† Google+ ¬†|¬† LinkedIn ¬†|¬† Twitter So far, natural gas drillers have only dipped their toes into West Virginia‚Äôs Utica shale play. It‚Äôs safe to say some might dive in head first now.Magnum Hunter Resources Corp. announced results...
  • US shale oil growth covers up production drop in rest-of-world

    09/18/2014 7:24:16 AM PDT · by ckilmer · 19 replies
    resilience ^ | Sep 17, 2014 | by Matt Mushalik,
    US shale oil growth covers up production drop in rest-of-world by Matt Mushalik, originally published by Crude Oil Peak  | Sep 17, 2014  We use the period starting with January 2010 when crude production had come back to 2005 levels after the exceptional year of 2009.Fig 1: US crude oil vs crude oil in rest-of-world   While US shale oil production is growing, there was a drop in crude production in the rest of world since February 2012 of almost 2 million barrels/d. How did this come about? As usual, there is decline and growth and then we have geopolitics....
  • 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,...
  • Marcellus Region production continues growth

    08/05/2014 5:04:27 AM PDT · by thackney · 2 replies
    Energy Information Administration ^ | 8/5/2014 | Energy Information Administration
    Natural gas production in the Marcellus Region exceeded 15 billion cubic feet per day (Bcf/d) through July, the first time ever recorded, according to EIA's latest Drilling Productivity Report. The Marcellus Region, mostly located in West Virginia and Pennsylvania, is the largest producing shale gas basin in the United States, accounting for almost 40% of U.S. shale gas production. Marcellus Region production has increased dramatically over the past four years, increasing from 2 Bcf/d in 2010 to its current level. The rig count in the Marcellus Region has remained steady at around 100 rigs over the past 10 months. Given...
  • New Utica wells rival core Marcellus output

    06/12/2014 4:05:34 PM PDT · by ckilmer · 11 replies
    fuelfix ^ | une 12, 2014 at 3:00 pm | by Collin Eaton
    New Utica wells rival core Marcellus output Posted on June 12, 2014 at 3:00 pm by Collin Eaton in featured, Natural gas, Shale A drilling rig in the Utica Shale. (Chesapeake) HOUSTON ‚Äď Natural gas, and not oil, has turned out to be the dominant fossil fuel in Ohio‚Äôs Utica Shale, a big disappointment to the industry that prompted BP and Halc√≥n Resources to abandon the play earlier this year.But Aubrey McClendon‚Äôs new wildcatting venture American Energy Partners and a handful of players are racing to snap up land in the southeastern corner of the play, where operators have found...
  • America Is Blowing The Shale Revolution

    06/05/2014 5:33:02 AM PDT · by ckilmer · 29 replies
    businessinsider ^ | Jun. 4, 2014, 4:25 PM | Rob Wile
    We recently declared that¬†the fracking debate was over. Despite clear evidence of the shale boom's local environmental effects, it's probably added about 50 basis points to GDP, shrunk the trade deficit, and created tens of thousands of jobs. Despite all that, Goldman Sachs believes America has left tons of figurative barrels and cubic feet on the table by not more aggressively investing in spurring demand. While¬†the U.S. share of global upstream (that is, production) investment outpaced funds into Saudi Arabia and Russia by 10:1, the rest of the world outspent the U.S. on demand-side investment ‚ÄĒ places to put all...
  • US Shale Plays to Watch in 2014

    06/04/2014 12:13:37 PM PDT · by ckilmer · 14 replies
    rigzone ^ | Wednesday, November 27, 2013 | Karen Boman |
    US Shale Plays to Watch in 2014 by  Karen Boman | Rigzone Staff | Wednesday, November 27, 2013 The U.S. shale exploration and production boom has dramatically changed the U.S. energy landscape, unlocking enough natural gas resources to turn the country into a future exporter of liquefied natural gas while reversing the decline seen a few years ago in U.S. crude oil production.While unconventional plays such as the Eagle Ford and Bakken are well-known, DrillingInfo CEO Allen Gilmer told Rigzone he sees potential for exploration and production activity in 2014 and beyond for some emerging U.S. shale plays.These plays...
  • Aubrey McClendon Continues to Bet Big on the Utica Shale

    05/29/2014 8:58:34 PM PDT · by ckilmer · 10 replies ^ | May 29, 2014 | Matt DiLallo
    Aubrey McClendon Continues to Bet Big on the Utica Shale By Matt DiLallo | More Articles | Save For Later May 29, 2014 | Comments (3) †Source: Chesapeake Energy. Former Chesapeake Energy (NYSE: CHK††) CEO Aubrey McClendon once boasted that the Utica Shale would prove to be "the biggest thing economically to hit Ohio, since maybe the plow." He called it a half-trillion dollar opportunity because "it sounds bigger" than a $500 billion opportunity. Unfortunately for McClendon, the Utica Shale didn't work out exactly how he envisioned it would. Many of his peers pulled back on the play after it...
  • Germany should make use of shale gas: EU

    04/21/2014 3:08:00 AM PDT · by Olog-hai · 2 replies ^ | 20 Apr 2014 10:34 GMT+02:00 | (AFP)
    EU energy commissioner GŁnther Oettinger has urged Germany to make use of shale gas options and added that the he saw no danger of Europeís access to Russian gas falling victim to possible economic sanctions in the standoff over Ukraine. [Ö] ďI am against scaling back or even cutting our gas links with Russia in the coming years,Ē the commissioner said. ďBut we must pursue our strategy of diversification. [Ö] I would also urgently press Germany to make use of the shale gas option and allow fracking projects.Ē Ö
  • Fracking foes cringe as unions back drilling boom

    04/20/2014 10:24:03 AM PDT · by mdittmar · 15 replies
    yahoo ^ | 4/20/2014 | Kevin Begos, Associated Press
    Environmental groups cringe as some trade unions support oil and gas drilling, pipelines PITTSBURGH (AP) -- After early complaints that out-of-state firms got the most jobs, some local construction trade workers and union members in Pennsylvania, Ohio and West Virginia say they're now benefiting in a big way from the Marcellus and Utica Shale oil and gas boom.That vocal support from blue-collar workers complicates efforts by environmentalists to limit the drilling process known as fracking."The shale became a lifesaver and a lifeline for a lot of working families," said Dennis Martire, the mid-Atlantic regional manager for the Laborers' International Union,...
  • Exxon Mobil bearish on shale drilling abroad

    03/11/2014 8:54:23 PM PDT · by ckilmer · 6 replies
    dallasnews ^ | 12:37 pm on March 5, 2014 | James Osborne
    Exxon Mobil bearish on shale drilling abroad
  • Is Marcellus Shale Gas Production Nearing a Peak?

    03/10/2014 9:02:24 PM PDT · by ckilmer · 7 replies ^ | March 9, 2014 | Arjun Sreekumar
    †Is Marcellus Shale Gas Production Nearing a Peak? By Arjun Sreekumar | More Articles | Save For Later March 9, 2014 | Comments (0) Natural gas industry observers will attest that growth in gas production from Pennsylvania's Marcellus shale has surpassed even the most optimistic of projections. And, according to a new report by a prominent investment research firm, Marcellus production growth won't be peaking anytime soon. Let's take a closer look. Source: Wikimedia Commons.The rapid growth in Marcellus gas production Last year, natural gas output from the Marcellus surged 61% year over year to average 10.4 billion cubic feet...
  • Shale, the Last Oil and Gas Train: Interview With Arthur Berman

    03/07/2014 5:00:13 PM PST · by ckilmer · 29 replies ^ | March 6, 2014 | Arthur Berman
    Shale, the Last Oil and Gas Train: Interview With Arthur Berman By | More Articles | Save For Later March 6, 2014 | How much faith can we put in our ability to decipher all the numbers out there telling us the US is closing in on its cornering of the global oil market? There's another side to the story of the relentless US shale boom, one that says that some of the numbers are misunderstood, while others are simply preposterous. The truth of the matter is that the industry has to make such a big deal out of...
  • Why natural gas rigs continue to drop to the lowest 2014 levels

    02/24/2014 12:55:12 PM PST · by ckilmer · 4 replies
    marketrealist ^ | 2/24/2014 | Ingrid Pan, CFA
    Why natural gas rigs continue to drop to the lowest 2014 levels By Ingrid Pan, CFA 7 hours ago   Why oil rig counts keep climbing while natural gas rigs drop (Part 3 of 3)(Continued from Part 2)Natural gas rigs continued to drop last week, down 9% since the beginning of 2014Baker Hughes, an oilfield services company, reported that rigs targeting natural gas dropped last week, from 351 to 337 for the week ended February 14, 2014. Natural gas rigs are down by 35 since the beginning of the year, a decrease of ~9%. Note that Baker Hughes anticipates that...
  • The High Cost of Fracking Regulation

    02/12/2014 1:34:05 PM PST · by neverdem · 8 replies
    American Thinker ^ | February 12, 2014 | Jeffrey Folks
    In Europe, where fracking is heavily regulated or prohibited altogether, consumers pay more than twice for natural gas than what they do in America (currently $11.59 per mBtu vs $4.78). As consumers, businesses, and electric utilities pay more, the result is a stalled economy and lower standard of living. Thanks in part to its large investment in solar energy, Spain's per capita GDP in current U.S. dollars has dropped from $31,679 in 2010 to $28,624 in 2012. Based on his recent words and actions, Obama wants the same for the U.S. Over half the homes in America heat with natural...
  • EU ditches plan to regulate on shale gas

    01/22/2014 4:15:24 PM PST · by Olog-hai · 2 replies
    EU Observer ^ | 22.01.14 @ 17:35 | Benjamin Fox
    The European Commission has backed away from tabling new laws to regulate shale gas extraction, choosing to leave national governments in charge on the controversial practice. Instead, the EU executive proposed a set of recommendations for governments to maintain environmental standards. These include rules on minimum distances between fracking sites and residential and water-protection areas. The EU executive also wants governments to make sure that fracking companies put in place water-management plans, capture and use gases such as methane that are also extracted, and minimize gas flaring. The list of recommendations, which are not legally binding, marks the completion of...
  • Shocking Prediction: The 'Second Phase' Of The Oil Boom Could Eclipse The First

    01/01/2014 7:37:40 AM PST · by ckilmer · 75 replies
    investinganswers ^ | December 31, 2013 | Jody Chudley
    Shocking Prediction: The 'Second Phase' Of The Oil Boom Could Eclipse The First By Jody Chudley December 31, 2013 Shocking Prediction: The 'Second Phase' Of The Oil Boom Could Eclipse The First Five years ago the idea of an oil boom happening in the North America was not much more than a dream. Today, the U.S. is on pace to overtake Saudi Arabia as the world's top oil producer by the end of the decade. It isn't as though the oil industry didn't always know that formations such as the Bakken in North Dakota and Eagle Ford in Texas contained...
  • Shale gas to the rescue?

    12/31/2013 3:06:01 PM PST · by ckilmer · 13 replies
    koreatimes ^ | 2013-12-31 16:55 | Robert Skidelsky
    Shale gas to the rescue? By Robert Skidelsky LONDON ‚Äē The developed world is slowly emerging from the Great Recession, but a question lingers: How fast and how far will the recovery go? One big source of pessimism has been the idea that we are running out of investment opportunities ‚Äē and have been since before the 2008 crash. But is that true? The last big surge of innovation was the Internet revolution, whose products came on stream in the 1990s. Following the dot-com collapse of the early 2000s, speculation in real estate and financial assets ‚Äē enabled by cheap...
  • Israel's New Conflict: Battle Over Sustained Energy Policy

    12/29/2013 8:18:12 PM PST · by ckilmer · 1 replies
    ibtimes ^ | October 22 2013 10:32 AM | David Kashi
    Israel's New Conflict: Battle Over Sustained Energy Policy By David Kashi on October 22 2013 10:32 AM The Levant Basin has an untapped natural gas reserve of 122 trillion cubic feet. The U.S. Energy Information Agency With new discoveries of natural gas off Israel's shores, the Middle Eastern country that had always been an energy importer now faces major policy decisions for safeguarding and capitalizing on its new resource. Thanks to Houston-based Noble Energy Inc.'s (NYSE:NBL) major deep-water discovery, the country is now able to tap into huge natural gas reserves in the Eastern Mediterranean Sea, called the Levant...
  • U.S. energy boom firing on all cylinders for 2014

    12/29/2013 7:49:50 PM PST · by ckilmer · 12 replies
    globeadvisor ^ | Tuesday, December 24, 2013 | DAVID BERMAN
    News from U.S. energy boom firing on all cylinders for 2014 Tuesday, December 24, 2013 DAVID BERMAN dberman@globeandmail.comDavid Berman writes for Inside the Market (, which offers up-to-the-minute analysis of stock trends and market-moving news throughout the trading day.It is amazing how fast U.S. energy production has gained traction in our imaginations. One minute, the country is talking up a need to move toward energy independence; the next, it is on the verge of becoming the world's largest oil producer, according to the International Energy Agency.James Hamilton at Econbrowser highlights the transition this way: Just eight months ago, the...
  • The US Energy Boom: More than Just an Oil Story

    12/29/2013 7:43:40 PM PST · by ckilmer · 14 replies
    goldstockstoday ^ | December 23, 2013 | Frank Holmes
    The US Energy Boom: More than Just an Oil Story December 23, 2013 by Frank Holmes Leave a Comment As we come to the end of 2013, it’s a good time to reflect on some of the biggest resources stories of the year. One that immediately comes to mind is the U.S. energy resurgence and its tremendous effect on oil and gas.Only a few years ago, we were contemplating the supply constraints facing the petroleum industry, as many major oil fields around the world were declining in production. Now, with the disruptive technology in shale oil and gas, we may...
  • Innovation Behind Drilling Efficiency & Well Productivity Fueling Americaís Energy Boom

    12/29/2013 7:33:46 PM PST · by ckilmer · 1 replies
    hardassetsinvestor ^ | December 27, 2013 | Tom Vulcan
    Written by Tom Vulcan ¬†|December 27, 2013 Innovation Behind Drilling Efficiency & Well Productivity Fueling America‚Äôs Energy Boom Fewer rigs but more wells per rig proving powerful combination, among other new tricks of the trade.¬†In the world of fracking, the last few months have been significant on a number of counts. Two, in particular, were indicative of just how important fracking really has become in the U.S.First, at the end of October, the U.S. government‚Äôs Energy Information Administration commenced publication of its new ‚ÄúDrilling Productivity Report‚ÄĚ (DPR). Initially covering six production basins (which, in 2011-2012, accounted for nearly all...
  • Continental basks in shale glory

    12/28/2013 6:49:28 PM PST · by ckilmer · 18 replies
    gulfnews ^ | 12:54 December 28, 2013 | Ed Crooks
    Continental basks in shale glory The company leads production of the Bakken shale of North Dakota and Montana The US shale revolution is ďthe best thing going on in the world since the computer chipĒ, says Harold Hamm, chairman and chief executive of Continental Resources. ďLook at whatís going on today, how the worldís changing. Itís the best thing for America, in my opinion, in 40 years. Itís completely transformative.Ē No one embodies that transformation better than Hamm. Continental, which has its origins in a company he founded back in 1967, is now the leading producer in the Bakken shale...
  • Shale Gas to the Rescue?

    12/24/2013 1:54:41 PM PST · by ckilmer · 14 replies
    project syndicate ^ | DEC 18, 2013 | Robert Skidelsky
    The last big surge of innovation was the Internet revolution, whose products came onstream in the 1990ís. Following the dot-com collapse of the early 2000ís, speculation in real estate and financial assets Ė enabled by cheap money Ė kept Western economies going. The post-2008 slump merely exposed the unsoundness of the preceding boom; the mediocrity of the recovery reflects the mediocrity of previous prospects, coolly considered. The risk now is that a debt-fueled asset spike merely perpetuates the boom-bust cycle. The economist Larry Summers has reintroduced the term ďsecular stagnationĒ to describe what awaits us. By the mid-2000ís, Summers argued...
  • Drilling efficiency gushing in Marcellus Shale

    12/20/2013 10:58:48 PM PST · by ckilmer · 5 replies
    citizen's voice ^ | December 20, 2013 | Andrew Maykuth (
    Drilling efficiency gushing in Marcellus Shale By Andrew Maykuth (The Philadelphia Inquirer) Published: December 20, 2013 †† TROUT RUN - When David Dewberry landed in Pennsylvania in 2010, the veteran of the migratory worldwide oil-and-gas workforce said he required more than a month to drill a typical Marcellus Shale natural gas well.On Dec. 4, a crew under Mr. Dewberry's direction dug into the mountaintop of a state forest near here with a diamond-studded drill bit. Mr. Dewberry reckons it will require only 16 days to finish drilling the well's full length, more than 2 miles."Since I came up here...
  • Hereís how the shale gas boom is saving Americans money

    12/18/2013 8:15:42 PM PST · by ckilmer · 7 replies
    wonk blog ^ | December 18, 2013 at 9:30 am | Brad Plumer
    That cheap gas is also saving Americans money on their energy bills. But how much? Ask the experts, and you get a fairly wide range of answers.
  • U.S. Shale Gas: Who Gets The Pie?

    12/10/2013 8:47:13 AM PST · by shove_it · 7 replies
    SwwkingAlpha ^ | 10 Dec 2012 | Robert Rhodes
    What is the U.S. going to do with natural gas? Whether we intentionally frack for it or it comes as a byproduct of fracking for oil, what do we do? We have a 50% reduction in rig count over the last two years and yet a steadily increasing supply of natural gas...
  • 'Monsterí Well Goes Online in East Ohio

    12/09/2013 9:03:05 AM PST · by ckilmer · 12 replies
    tribtoday ^ | November 30, 2012
    | MORRISTOWN - Deep within Belmont County lurks a "monster" that is producing as much as 28.5 million cubic feet of Utica Shale natural gas per day. As Gulfport Energy begins selling methane, propane, butane, pentane and oil from the Shugert 1 well here, the driller's partner, MarkWest Energy, is now processing Gulfport gas from the first phase of its processing complex near Cadiz. "Gulfport's success in the Utica Shale and the commencement of operations at our Cadiz Complex are significant accomplishments in the ongoing Utica Shale development in Eastern Ohio," said Frank Semple, chairman, president and chief executive officer...
  • Marcellus region to provide 18% of total U.S. natural gas production this month

    12/09/2013 7:12:29 AM PST · by thackney · 17 replies
    Energy Information Administration ^ | DECEMBER 9, 2013 | Energy Information Administration
    Production of natural gas in the Marcellus region, located in Pennsylvania and West Virginia, is expected to exceed 13 billion cubic feet per day (Bcf/d) this month, based on estimates in the U.S. Energy Information Administration's latest Drilling Productivity Report (DPR), which will be released later today. The Marcellus region, which produced less than 2 Bcf/d as recently as 2010, is expected to provide 18% of total U.S. natural gas production this month. The total natural gas production estimate is marketed production, while the DPR estimates gross withdrawals, so coming up with a precise percentage is difficult. The rise of...
  • Pennsylvania counties weigh shale gas drilling on public land [lease to raise money]

    12/09/2013 1:40:01 AM PST · by Cincinatus' Wife · 4 replies
    Pittsburg Tribune ^ | December 8, 2013 | Bill Vidonic
    County governments are considering leasing public land or mineral rights for shale gas drilling to raise money. Beaver County commissioners have begun marketing county land, including 1,400 acres in its biggest park, for drilling as it struggles with its finances. Allegheny County last month received a proposal from Range Resources and Huntley and Huntley to drill underneath Deer Lakes Park. Officials in Washington and Butler counties are looking, too. ďThere's an opportunity for money, but on the other hand, we're stewards of this land,Ē said Doug Hill, executive director of the County Commissioners Association of Pennsylvania. ďI wouldn't say there's...
  • America's Unevenly Distributed Resurgence In Manufacturing Starts In The Shale Fields

    11/19/2013 10:13:39 PM PST · by 2ndDivisionVet · 8 replies
    Forbes ^ | November 4, 2013 | Mark P. Mills
    Our economy is straining at the bit to grow out of the Great Recession. You wouldnít know that from the dreary news on both the jobs and GDP growth front. The good news is found in the incredible potential for high-paying jobs, growth and wealth creation bubbling up in Americaís manufacturing sector. Manufacturing is hot, even though weíre supposed to be in a post-industrial economy. The transformation in American manufacturing today is redolent of a century ago when innovation and growth in the industrial landscape was blossoming in both big companies and start-ups. On todayís start-up front we have emerging...
  • On the Verge of a Global Shale Revolution?

    11/18/2013 10:23:32 AM PST · by thackney · 21 replies
    Oil Pro ^ | 11/16/2013 | Jeff Reed
    Thus far, the shale revolution has almost exclusively been confined to the U.S. But that will soon likely change. A study conducted by energy consultants Wood MacKenzie concludes that a record 400 shale wells may be drilled outside the U.S. next year, most of them in Russia and China. hile this is only a small percentage of the thousands of shale wells drilled in the U.S., the number of rigs used onshore in the Asia-Pacific region and Europe has grown 10% over the past year, Baker Hughes data show. And most of these rigs are purposed for shale exploration. In...
  • Shale gas exploration accelerated in China

    11/11/2013 1:42:05 AM PST · by TexGrill · 2 replies
    China Daily ^ | 11/11/2013 | Du Juan
    China's top two oil and gas companies have accelerated shale gas exploration. PetroChina Co, China's largest oil and gas producer, announced on Friday that its first shale gas project in Daqing, Heilongjiang province, started test runs in early October. Sinopec Co, the country's largest refiner, said it has discovered enough shale gas resources for commercial scale production in Chongqing on Oct 28. The company said its shale gas block in Chongqing has reached the maximum daily output of 547,000 cubic meters. Insiders said the top two oil and gas companies Ė PetroChina Co and Sinopec Co Ė have accelerated their...
  • Rethinking rig count as a predictor of natural gas production

    10/30/2013 10:52:19 AM PDT · by ckilmer · 30 replies
    eia ^ | October 28, 2013
    October 28, 2013 Rethinking rig count as a predictor of natural gas productionSource: U.S. Energy Information Administration, based on Drillinginfo, and Baker Hughes Note: Natural gas production includes volumes that after being produced may be vented, flared, reinjected, separated, or otherwise processed; this is also known as produced natural gas or gross withdrawals. Republished October 28, 2013, 3:45 p.m., text was modified to clarify content. In the past, the number of gas-oriented drilling rigs in a particular region has been a common metric for estimating the production of natural gas. However, technological advances have led the way to the widespread...
  • How the U.S. Shale Boom Is Splitting OPEC Apart

    For decades, OPEC nations have, for the most part, enjoyed a good living. As long as oil prices remain high, they can recover billions of barrels of oil at relatively low cost and sell it to the rest of the oil-thirsty world. But the North American shale oil boom is shaking things up for the cartel. In fact, the surge in U.S. and Canadian oil production resulting from the application of new drilling technologies threatens to reduce OPEC's share of the global oil market this year to its lowest level in more than a decade. Does that imply gloom and...
  • Shale gas firms to be brought under Ďrobustí new EU law

    10/21/2013 12:48:04 PM PDT · by Olog-hai · 8 replies
    EurActiv ^ | 21 October 2013 | Arthur Neslen
    Shale gas companies operating in Europe will soon have to respect a muscular legislative package which the European Commission is preparing to publish in December or January, EurActiv has learned. This will almost certainly take the form of an unconventional fuels directive, similar to other EU laws covering wastewater and environmental impact assessments. Ö The legislation will set down rules for dealing with the risks of: Venting and flaring of greenhouse gasesSeismic disturbancesGroundwater contamination and management of the water supply and reservesImpacts on air quality, and noise emissionsAssociated infrastructural problems caused by heavy industrial activityďMethane is also an issue and...
  • Shale industry "just starting" in Columbiana County (Ohio)

    10/21/2013 4:02:48 AM PDT · by 2ndDivisionVet · 3 replies
    Tribune Today ^ | October 21, 2013
    LISBON - Some local and state officials updated residents on where the shale fracking natural gas industry currently stands in Columbiana County during an informational meeting held at the Crestview Performing Arts Center this past week. "We're just really getting started with this in Columbiana County," said County Commissioner Timothy Weigle, when asked. "We've talked to our friends in Carroll County (which has more than 10 times the number of wells producing gas as there are here). They are a couple million ahead in tax revenue." Here, commissioners are only seeing a slight tax increase at this point, but it...
  • EIA Raises 2013 US Natgas Production, Demand

    10/09/2013 5:05:37 AM PDT · by thackney · 5 replies
    Rig Zone ^ | October 08, 2013 | Reuters
    The U.S. Energy Information Administration on Tuesday slightly raised its estimate for domestic natural gas production in 2013, expecting output this year to be up about 1.2 percent from 2012's record high levels. In its October Short-Term Energy Outlook, the EIA said it expected marketed natural gas production in 2013 to rise by 0.82 billion cubic feet per day to 70.00 bcf per day, up fractionally from its September outlook of 69.91 bcf daily. If the forecast is realized, it would be the third straight year of record production. Domestic output in 2014 is expected to set another record high,...
  • Ashtabula will receive Texas-size shale boost

    10/07/2013 8:48:55 PM PDT · by 2ndDivisionVet · 14 replies
    Crain's Cleveland Business ^ | October 6, 2013 | Dan Shingler
    Ashtabula is about to benefit from the Utica shale boom, as a Texas energy company and a technology firm from Columbus plan to build a gas-to-liquids processing plant in the city. Houston-based Pinto Energy said it will spend about $300 million to build the plant, which is expected to be completed and online in early 2016. The plant would take processed natural gas from the Utica and Marcellus shale plays and convert it into diesel fuel, high-end lubricants and industrial waxes used in cosmetics, pharmaceuticals and other products. Once finished, the plant will employ about 30 people, but Pinto said...
  • Dangerous levels of radioactivity found at fracking waste site in Pennsylvania (o noes)

    10/04/2013 10:44:00 AM PDT · by Olog-hai · 15 replies
    Manchester Guardian ^ | Wednesday 2 October 2013 09.20 EDT | Felicity Carus
    Scientists have for the first time found dangerous levels of radioactivity and salinity at a shale gas waste disposal site that could contaminate drinking water. If the UK follows in the steps of the US ďshale gas revolutionĒ, it should impose regulations to stop such radioactive buildup, they said. The Duke University study, published on Wednesday, examined the water discharged from Josephine Brine Treatment Facility into Blacklick Creek, which feeds into a water source for western Pennsylvania cities, including Pittsburgh. Ö Elevated levels of chloride and bromide, combined with strontium, radium, oxygen, and hydrogen isotopic compositions, are present in the...
  • U.S. Fracking Success Threatens Russian Economy, Strategy

    10/03/2013 6:04:46 PM PDT · by raptor22 · 12 replies
    Energy Revolution: America's natural gas boom threatens Russia's economic strategy, an expert says, leaving it with few alternatives to rescue its economy while threatening to shatter its energy stranglehold on Europe. Russia's abundance of energy resources has long allowed it to use energy both as a foreign policy weapon and as the bedrock of the Russian economy. Whenever energy prices rose, Russia benefited and its neighbors often felt the restraining leash of dependence on Russian energy, particularly natural gas. Government-controlled energy giant Gazprom was in such a strong position it could demand decade-long contracts and link the price of gas...
  • Sweetwater to Host 'Shale Show' (George P. Bush will be presenting)

    09/30/2013 8:13:17 PM PDT · by 2ndDivisionVet · 2 replies
    Big Country ^ | September 30, 2013
    Shale Show 2013 will take place Tuesday-Wednesday, Oct. 1-2 at the Nolan County Coliseum in Sweetwaterís Newman Park. Shale Show is an energy technology showcase, business networking, and information sharing event that will be held in every odd-numbered year in Sweetwater, in the heart of the Cline Shale and America's Energy Solutions Region. Shale Show is open free to the oil and gas industry, regional leaders and businesses, and to the general public. A very limited number of indoor and outdoor display spaces are still available for a fee. Shale Show is a nationwide event. With more than 150 exhibitors...
  • A US Energy Revolution in Shale Oil and Gas

    09/23/2013 8:43:38 PM PDT · by ckilmer · 8 replies
    countingpips ^ | September 16th, 2013
    In Texas these days, thereís a feeling of absolute and unwavering confidence in the concept of an US energy revolution. From the depths of reserves to the richness of the energy, an incredible transformation is taking place. Weíve been talking about the significant impact of the USís oil production for a while now, but the buzz about shale oil and gas is only getting louder. At Morgan Stanleyís energy forum in Houston in August, Director of Research John Derrick and Portfolio Manager Evan Smith said shale was the prevailing topic. One area thatís driving this game-changing trend is located only...
  • University Of Texas-Shale Gas Study Unmasks Politics Of Anti-Fracking Activist Cornell Scientists

    09/19/2013 11:58:26 PM PDT · by 2ndDivisionVet · 8 replies
    Forbes ^ | September 18, 2013 | Jon Entine
    One of the central tenets of anti-shale gas activistsóclaims that carbon pollution from methane leaked during the hydraulic fracturing extraction process makes natural gas more polluting than coalótook another, likely fatal, hit this week. A University of Texas-Austin study released Monday found that methane emissions from new wells being prepared for production, a process known as completion, captured 99% of the escaping methaneóon average 97% lower than estimates released in 2011 by the Environmental Protection Agency. It is the most comprehensive shale gas emissions study ever undertaken on methane leakage, covering 190 well pads around the United States. Methane is...
  • American Technologists and Entrepreneurs Re-Set Russian Relations (Shale boom threatens Putin)

    09/04/2013 8:50:20 AM PDT · by 2ndDivisionVet · 5 replies
    RealClearPolitics ^ | September 4, 2013 | Sir Tony Brenton and Mark Mills
    Unsurprisingly, oil prices are up in reaction to the Syrian mess. Itís worth keeping in mind that President Putin is at the top of the list of world leaders who benefit from this. The linkage between oil prices and Russiaís revenues cannot be ignored in calibrating what has, and may happen yet in the Middle East. Hydrocarbons account for two-thirds of Russian export revenues and nearly half of its state budget. And until very recently just two regions, Russia and the Middle East, dominated world trade in oil and gas. Russia has regularly boasted of being an ďenergy superpowerĒ. Indeed...
  • Saudis Fresh Prince Freaks Out About U.S. Fracking

    07/30/2013 4:31:51 PM PDT · by raptor22 · 42 replies
    Investor's Business Daily ^ | July 30, 2013 | IBD EDITORIALS
    Energy: A Saudi prince has warned that his oil-reliant nation is under threat because of fracking technology being developed in the U.S. and spreading around the world. OPEC is now caught between Riyadh and a hard place. Indicative of the panic rippling through the Organization of Petroleum Exporting Countries over the U.S.-led fracking boom, billionaire Saudi Prince Alwaleed bin Talal says his Gulf Arab kingdom needs to reduce its reliance on crude oil and diversify its revenues, lest the era of gold-plated toilets come to an end. In an open letter to his country's oil minister Ali al-Naimi and other...
  • Why Shale Gas Fractivists Are Doomed to Lose

    07/30/2013 4:25:16 AM PDT · by TShepstone · 13 replies
    Natural Gas NOW ^ | 07/28/13 | Tom Shepstone
    Shale gas fractivists are predictable true believers, the sort who are always around regardless of the issue, and we should never be discouraged at what sometimes appear to be victories on their side. They are losing the war.