Opposition has mounted in Delaware against shale development with serious public challenges to drilling in the Marcellus coming from grass roots opposition to regulations being proposed by the Delaware River Basin Commission (DRBC). The commission regulates water use and quality along the Delaware River under a 1961 compact among the states of Delaware, New Jersey, [...]
A new pictorial spread by National Geographic is lending some scientific insight into the process of drilling for shale gas in the US. Highlighting some of the key differences between oil production, and shale gas production, the article provides pictures and descriptions of some of the highly specialized equipment needed to extract shale gas. “Just [...]
Enerplus Resources Fund, a Canadian oil and gas trust company, sold $405 million worth of oilsand leases this week in order to pick up some more US shale gas assets. Enerplus already has several investments in US shale plays, including undeveloped land in northwest West Virginia and Maryland that is prospective for Marcellus shale gas. [...]
India’s Reliance Industries (RIL) announced Sunday the completion of its deal to acquire a 60 per cent stake in the Marcellus Shale gas asset for $392 million. The deal is joint venture with Carrizo Oil & Gas Inc and will see RIL cover an additional 104,000 gross acres in the Pennsylvania shale. Though this is [...]
Marcellus Shale gas wells in Northeast and Northcentral Pennsylvania led the state in natural gas production last year, exceeding even industry predictions about the promise of the gas-rich shale, according to an article printed in The Times-Tribune. n the 12 months between July 1, 2009. and June 30, 2010, the state’s 632 producing Marcellus wells [...]
Last week, Statoil – Norway’s largest oil and gas company – unveiled plans to expand its shale operations globally, saying its current experience in the Marcellus Shale play is giving the company the know-how to take their show on the road “Our goal is to take what we are now learning in Marcellus and transport [...]
Though shale gas drilling has only been taking place in the Marcellus Shale for under a decade, the industry is already contributing millions of dollars to the state of Virginia’s economy, according to an article written for West Virginia Public Broadcasting. Coal – Virginia’s primary source of income in the energy sector – is still [...]
Talisman Energy is reporting a cash flow of over $800 million in its second quarter and is giving some of the credit to production on its major shale plays. “In North America, natural gas production from continuing operations grew 5% year over year,” said John A. Mazoni, President and CEO of Talisman. “In Pennsylvania, Marcellus [...]
A new article in this month’s edition of The Economist details how global oil giants have, over the last several years, been rushing to join the booming shale industry. From Shell to Total, from BP to Chesapeake and ExxonMobil, nearly every major oil company has been making mergers and acquisitions to become players in the [...]
The Gulf Coast region will produce most of the shale gas in the U.S. in 2020, according to the U.S. Energy Information Administration (EIA)’s Annual Energy Outlook 2010. The Gulf Coast, which contains the Barnett, Haynesville, Cotton Valley, Bossier and Eagle Ford shale plays, will supply 1.5 Tcf of shale gas production in 2020 and [...]
