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  • After dismal 2016, shale gas drillers begin to turn a corner

    07/04/2017 7:45:13 PM PDT · by Olog-hai · 6 replies
    Associated Press ^ | Jul 4, 2017 11:21 AM EDT | Michael Rubinkam
    Pennsylvania’s drilling industry is showing signs of life. Natural gas producers drilled more than twice as many shale wells in the first half of 2017 compared to the same period last year. About 20 additional drilling rigs are exploring for natural gas and fracking crews are suddenly in short supply. One big reason is that natural gas prices have recovered from 20-year lows, nearly doubling since last year. …
  • America’s Top Shale Gas Basin in Decline

    12/23/2015 2:56:25 PM PST · by bananaman22 · 10 replies
    Oilprice.com ^ | 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 Colorado’s 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 proposal’s 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. It’s also a reminder of how outside of New York, the “ban fracking”...
  • 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 ‘monster’ on its hands with biggest Utica well – 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 ‘monster’ on its hands with biggest Utica well – 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’s Utica shale play. It’s 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 – Natural gas, and not oil, has turned out to be the dominant fossil fuel in Ohio’s Utica Shale, a big disappointment to the industry that prompted BP and Halcón Resources to abandon the play earlier this year.But Aubrey McClendon’s 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 — 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
    fool.com ^ | 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
    TheLocal.de ^ | 20 Apr 2014 10:34 GMT+02:00 | (AFP)
    EU energy commissioner Günther Oettinger has urged Germany to make use of shale gas options and added that the he saw no danger of Europe’s access to Russian gas falling victim to possible economic sanctions in the standoff over Ukraine. […] “I am against scaling back or even cutting our gas links with Russia in the coming years,” the commissioner said. “But we must pursue our strategy of diversification. […] I would also urgently press Germany to make use of the shale gas option and allow fracking projects.” …
  • 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
    fool.com ^ | 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
    fool.com ^ | March 6, 2014 | Arthur Berman
    Shale, the Last Oil and Gas Train: Interview With Arthur Berman By Oilprice.com | 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...