The Haynesville Shale, a sedimentary rock formation spanning parts of northwest Louisiana, southwest Arkansas and northeast Texas, could contain the largest natural gas deposit in U.S. history. New technology has made extracting natural gas from the shale commercially viable in recent years and created wealth opportunities in some of the state’s more impoverished parishes. And [...]
Shale is a fine-grained sedimentary rock that forms from the compaction of silt and clay-size mineral particles that we commonly call “mud”. This composition places shale in a category of sedimentary rocks known as “mudstones”. Shale is distinguished from other mudstones because it is fissile and laminated. “Laminated” means that the rock is made up [...]
Arguably the biggest story in the United States energy scene, and de facto for the rest of the world, has been the development of shale gas. Natural gas production in the United States was flat from about 1995 to 2005, standing at about 2 Tcf per month. But over the last five years, production started going [...]
Calgary-based Talisman Energy Inc. (TLM-T ) is helping to take North America’s shale-gas boom global. Already a major investor in the most prolific plays in the United States and Canada, Talisman is completing seismic work and planning to drill several wells in Poland in the coming year, joining a rush of companies eager to develop Eastern Europe’s unconventional [...]
Independent energy company Petrohawk Energy Corp (HK.N) sold its natural gas assets in Fayetteville shale, Arkansas, to Exxon Mobil Corp (XOM.N) unit XTO Energy for $650 million, in a deal that analysts said undervalued the assets. Petrohawk shares were down 2 percent at $18.26 in midday trade on Thursday on the New York Stock Exchange, [...]
CALGARY – Talisman Energy’s joint venture with South Africa-based Sasol could yield a gas-to-liquids (GTL) plant in Western Canada to convert shale gas production into transportation fuels, company officials said Monday. As part of a $1.05-billion farm-in deal, the two companies have agreed to conduct a feasibility study into constructing what is essentially a “natural [...]
BBC Environment analyst Roger Harrabin visits the Louisiana shale fields and writes about the process of obtaining fuel from hard rock. Read the Full BBC Article HERE
Current Environment US producers of Natural Gas, Liquefied Natural Gas LNG, and Oil like Chesapeake Energy (CHK) continue to drill the Eagle Ford Shale and other unconventional plays when natural gas prices are at depressed levels. The US rig count has increased from 750 rigs at the beginning of 2010 to currently 964 rigs despite [...]
Enterprise Products Partners L.P. (NYSE:EPD) announced today that the partnership has entered into 10-year agreements to handle a substantial portion of Chesapeake Energy Corporation’s (NYSE:CHK) liquids-rich natural gas production in the Eagle Ford Shale. Chesapeake’s gross acreage position currently comprises more than 625,000 acres in and around the oil and natural gas liquids (NGL)- rich [...]
Existing gas-powered generators can reduce CO2 emissions in the electricity sector by 10%. What if the near-term solution to reducing greenhouse gas emissions actually began with the increased use of fossil fuels? This is a real possibility because using natural gas to generate energy results in much lower emissions of carbon dioxide than does using [...]
