British Columbia holds two of Canada’s most significant shale gas deposits with resources estimated to provide more than 100 years of supply at current demand levels. The northeastern town of Fort Nelson, a town with just one traffic light and about 4,000 resident, is expected to triple in size, as thousands of workers descend on [...]
The Marcellus Shale natural gas industry has gotten tripped up by the F-bomb. Not that word. “Fracking has become almost a dirty word,” said Brian McDermott, spokesman for Gregory FCA Communications, an Ardmore public relations firm that has measured popular sentiments associated with various resource-extraction terms. It found fracking lacking, scoring even lower in positives [...]
The West Virginia Department of Environmental Protection has announced new rules on natural gas drilling operations in the state’s Marcellus Shale. The new emergency set of temporary measures regarding Marcellus Shale requires operators to submit erosion, sediment and water management plan. Drilling applications must include public advertisements about their activity 30 days prior to work [...]
Ten years ago, Devon Energy made a multibillion-dollar bet on the Barnett Shale. On Aug. 14, 2001, the Oklahoma City-based oil and gas company announced a deal to acquire Mitchell Energy & Development of Houston for $3.5 billion. Mitchell Energy, led by legendary oilman George Mitchell, was the pioneering company that cracked the code of [...]
Adios, OPEC. By Amy Myers Jaffe For half a century, the global energy supply’s center of gravity has been the Middle East. This fact has had self-evidently enormous implications for the world we live in — and it’s about to change. By the 2020s, the capital of energy will likely have shifted back to the [...]
After 15 years of research in central North Carolina studying 59,000 acres, it has been concluded that Lee, Chatham and Moore counties have enough shale gas to make the state self-sufficient for the next 40 years at current levels of consumption. “That’s what we think,” said Kenneth Taylor, chief of the N.C. Geological Survey “We could [...]
Matthew Scotland, Energy Reports Writer, Visiongain provides an overview of The Shale Gas Market 2011-2021 The amalgamation of hydraulic fracturing and horizontal drilling technologies in the 1980s enabled the US to become the pioneers of commercial shale gas production. Although the first shale gas well was drilled in 1821, the technical and economic feasibility of [...]
As gasoline approaches a national average of $4 per gallon, a new push to exploit shale gas may offer some relief to American’s feeling the pinch petrochemicals on their wallets. In recent years, a combination of techniques – horizontal drilling and hydraulic fracturing or “fracking” — have made it possible to extract shale gas economically. [...]
Three years after the first successful well reached the 11,000-foot-deep Haynesville shale formation in northwest Louisiana, more than 1,060 wells using new horizontal drilling and “fracking” methods are producing natural gas at record levels. Their number could soon double. Another 930 wells are permitted and either awaiting drilling, being drilled or awaiting the complex hydraulic [...]
Statoil ASA says it could drill as many as 17,000 natural gas wells in the Marcellus Shale field over the next 20 years. The company which is partnering in Chesapeake Energy’s holdings in West Virginia’s Northern Panhandle. The agreement between the two companies covers 1.8 million acres and more than 32,000 leases in West Virginia, [...]
