Keyword: marcellusshale
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Energy: An oil company wants to invest its profits in clean-burning American natural gas. A Hungarian billionaire and a "green" politician want to stop it. This is the real Climate-gate scandal. While the greenies of the world united in Copenhagen to talk about the weather, emitting a Third World-country-size chunk of greenhouse gases to gather there, the world's largest oil company, Exxon Mobil, was doing something about it. On Dec. 14, Exxon agreed to buy XTO Energy, a natural gas firm, in a deal valued at $41 billion. XTO is one of the leaders in something called "fracking" technology, in...
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A vast reservoir of clean-burning natural gas could be available at reasonable cost in the coming years, freeing us from some of our dependence on imported energy. Yet there are those who consider such a development a threat. A small group of billionaires (and mere multimillionaires), formed under the aegis of the Democracy Alliance, has amassed a great deal of political influence in America on behalf of the Democratic Party and Democratic politicians. Among the more important members of this "club" are George Soros and his liberal allies, Herbert and Marion Sandler. The latter two are billionaire beneficiaries of the...
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CALLICOON, New York (AFP) – After a lifetime struggling to make money from the land, New York farmer Bill Graby has discovered he's sitting on treasure -- possibly the biggest natural gas deposit in America. "It's like winning the lottery," says the 6.6-foot (two-meter) dairy farmer from the picturesque town of Callicoon in the Catskills hills. The deposit, called the Marcellus shale, stretches all the way from New York to Tennessee, containing 168 to 500 trillion cubic feet of natural gas, according to New York State's Department of Environmental Conservation. That dwarfs the previous big daddy, the Barnett shale in...
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CHENANGO, N.Y. — Chris and Robert Lacey own 80 acres of idyllic upstate New York countryside, a place where they can fish for bass in their own pond, hike through white pines and chase deer away. But the Laceys hope that, if all goes well, a natural gas wellhead will soon occupy this bucolic landscape. Like many landowners in Broome County, which includes the town of Chenango, the Laceys could potentially earn millions of dollars from the natural gas under their feet. They live above the Marcellus Shale, a subterranean layer of rock stretching from New York to Tennessee that...
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An owner of Beck Oilfield Supply traveled from Oklahoma to Pennsylvania this year to find the best place in the midst of the Marcellus Shale natural gas drilling rush to plant one of his stores. He picked Wysox, a small town that borders Towanda, the Bradford County seat, and he wasn't alone. Two other stores that specialize in drilling and gas production supplies have opened within two miles of Beck Supply along Route 6 in the past year. The supply shops are more than specialty hardware stores; they are tailored to the uninterrupted pace and idiosyncratic needs of gas drilling....
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The Paterson administra tion has finally given a green light to proposed drilling in the Marcellus Shale, considered by many to be the nation's largest natural-gas reservoir. Covering several states and extending more than 600 miles, the basin may contain as much as six decades' worth of US natural-gas needs. Drilling is already under way in Pennsylvania and other Marcellus states. Well over a year ago, Gov. Paterson put energy production on hold here at home so regulators could study the issue. This delay satisfied the demands of anti-drilling greens, but it denied the Empire State's economy a much-needed boost....
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Energy Policy: New York's governor wants to tap into a shale formation that can supply the entire U.S. with natural gas for 65 years. Will NIMBY environmentalists let him stimulate New York's and America's energy economy? Last week, David Patterson released a draft report of his Energy Planning Board that does something Democrats are loath to do: It proposes developing a domestic energy resource — the huge amounts of natural gas trapped in the Marcellus Shale formation. New York produces 5% of its natural gas in-state and imports more than 95% from the Gulf Coast and Canada. The Marcellus Shale...
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Energy Policy: New York's governor wants to tap into a shale formation that can supply the entire U.S. with natural gas for 65 years. Will NIMBY environmentalists let him stimulate New York's and America's energy economy?Last week, David Patterson released a draft report of his Energy Planning Board that does something Democrats are loath to do: It proposes developing a domestic energy resource — the huge amounts of natural gas trapped in the Marcellus Shale formation. New York produces 5% of its natural gas in-state and imports more than 95% from the Gulf Coast and Canada. The Marcellus Shale stretches...
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Advanced drilling techniques that blast millions of gallons of water into 400-million-year-old shale formations a mile underground are opening up "unconventional" gas fields touted as a key to the nation's energy future. The mother lode of these deposits, where natural gas is so tightly locked in deep rocks that it's costly and complicated to extract, is the Marcellus shale underlying the Appalachians. Geologists call the Marcellus a "super giant" gas field. Penn State geoscientist Terry Engelder believes it could supply the natural gas needs of the United States for 14 years. But as word spread over the past year that...
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The rush to tie up drilling rights in Marcellus shale is ramping up just west of the Interstate 81 corridor, as companies compete to sign leases. The black sedimentary rock runs from western New York south into West Virginia. It has been promoted as one of the most promising natural gas sources in the United States. Piping the gas through the hills and mountains of Appalachia, however, will not be easy. New technologies that include horizontal drilling and pumping in water to fracture the rock, have been found to release more gas and make recoveries in shale more economical. Rising...
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You could have taken a nostalgic drive through the past on Thursday night, through the dreamy green landscape at the outer edges of the Catskills, past sleepy fishing towns like Roscoe and Downsville, to the lovingly restored Walton Theater, built in 1914 for vaudeville acts, honored guests like Theodore Roosevelt and community events of all shapes and sizes. And, if you got there, you would have received a distinctly less dreamy glimpse of the future. You would have heard an overheated mix of fear and greed, caution and paranoia, of million-dollar gas leases that could enrich struggling farmers, of polluted...
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The Marcellus Shale play is the latest huge thing in natural gas, considered by some to be a "super giant" gas field. Read more here http://www.petroleumnews.com/pntruncate/246893563.shtml The edge of the Marcellus Shale in Northeast PA and NY is about 100 miles from NYC, which means the gas needs only a very short trip by pipeline to the major metropolitan centers. Natural gas is the cleanest of the fossil fuels and also is a source for hydrogen for hydrogen powered vehicles. So here are a bunch of "concerned citizens" planning to oppose it with all their might. "The Damascus group has...
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Marcellus Shale DistributionThe New York Times HUGHESVILLE, Pa. — At first, Raymond Gregoire did not want to listen to the raspy voice on his answering machine offering him money for rights to drill on his land. They want to ruin my land, he thought. But he called back anyway a week later to hear more. By the end of February, he had a contract in hand for $62,000, and he pulled together a group of 75 neighbors who signed $3 million in deals. “It’s a modern-day gold rush in our own backyard,” Mr. Gregoire said. Not just his backyard either...
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Natural gas distributed throughout the Marcellus black shale in northern Appalachia could conservatively boost proven U.S. reserves by trillions of cubic feet if gas production companies employ horizontal drilling techniques, according to a Penn State and State University of New York, Fredonia, team. "The value of this science could increment the net worth of U.S. energy resources by a trillion dollars, plus or minus billions," says Terry Engelder, professor of geosciences, at Penn State. The Marcellus shale runs from the southern tier of New York, through the western portion of Pennsylvania into the eastern half of Ohio and through West...
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