Shell Oil has made its Global Onshore Tight/Shale Oil and Gas Operating Principles available to the public with examples of how the company delivers them. The move is intended to address public concern about tight/shale oil and gas development – especially regarding hydraulic fracturing – encourage feedback and challenge from our stakeholders, and drive continuous [...]
The world’s biggest liquefied natural gas purchaser is buying into a northeastern B.C. shale gas play. Korea Gas Corp. is acquiring a five per cent stake of the Cordova Embayment project from Mitsubishi Corp. KOGAS becomes the latest participant in the Cordova Embayment, which has reserves of 5-8 trillion cubic feet of gas, amounting to [...]
Is there an exaggerated quality to the extraordinary projections and tens of billions of dollars pouring into shale gas, the newly available fuel that has shaken up markets and geopolitics? The answer is yes — estimates for global shale gas reserves and future production are all but certainly over the top; likewise, the world’s major [...]
New Jersey lawmakers are set to vote Wednesday on a statewide ban on hydraulic fracturing in the state. The New Jersey Assembly and Senate both will vote on Wednesday to ban fracking. Gov. Chris Christie, who supports the use of natural gas for energy, has not said whether he would sign a law if passed. [...]
The boom in shale gas production has changed the conversation in Washington from one of how to manage dependence on imported natural gas to a debate over whether (and to what extent) to export the fuel. I’m unsure of exactly where I come down on the matter. But I want to lay out a series [...]
Americas Petrogas has announced that drilling of the first deep vertical shale gas well on the Huacalera block in the Neuquen Basin of Argentina is currently at approximately 3,900 meters (12,800 feet). The well is programmed for total depth of 4,200 meters (approximately 13,800 feet). The company anticipates that total depth will be reached in early to mid [...]
Rejecting what it called an “inaccurate and misleading article,” Chesapeake Energy Corporation struck back at the New York Times. In this past Sunday’s edition, the Times accused the Chesapeake of exaggerating the productivity of shale gas wells and industry reserve estimates of future well performance. Aubrey K. McClendon, Chesapeake’s Chief Executive Officer, commented, “Chesapeake stands [...]
However, natural gas may not be as easy and cheap to extract from shale formations deep underground as the companies are saying, according to hundreds of industry e-mails and internal documents and an analysis of data from thousands of wells. In the e-mails, energy executives, industry lawyers, state geologists and market analysts voice skepticism about [...]
A year after Exxon Mobil’s $36 billion acquisition of Fort Worth-based XTO Energy, the international oil giant and the independent natural gas producer are mobilizing to become a global leader in the shale gas revolution that began with the Barnett Shale in North Texas. Jack Williams, a 47-year-old Exxon Mobil veteran, took the reins of [...]
The U.S. Environmental Protection Agency will commence visits to locations in five states where its investigators will study the safety of hydraulic fracturing or ‘fracking’ as it is more commonly referred to. EPA investigators will study places where fracking has already taken place and look for any impact on residential water wells and other sources [...]
