WASHINGTON — Just how much natural gas is trapped underground in the United States? The difficulty and uncertainty in predicting natural gas resources was underscored last week when the Energy Information Administration released a report containing sharply lower estimates. The agency estimated that there are 482 trillion cubic feet of shale gas in the United [...]
Forbes decided to set the hydraulic fracking record straight by using facts, not playing on emotion like many of the frac-tivists do. To many walking the planet, fracking has a seriously bad reputation. Thanks to hyperbole and misinformation, fracking opponents have convinced a lot of people that the operators who drill and then hydraulically fracture [...]
The U.S. Energy Department cut its estimate for natural gas reserves in the Marcellus shale formation by 66 percent, citing improved data on drilling and production. About 141 trillion cubic feet of gas can be recovered from the Marcellus shale using current technology, down from the previous estimate of 410 trillion, the department said today [...]
The hydraulic fracturing technology that opened vast US natural gas shale resources could be snared in what one analyst calls “a regulatory race to the top.” The industry is arguing that regulation of hydraulic fracturing should stay at the state level, where it is traditionally managed. Environmentalists disagree, saying the states’ record is spotty and tougher federal standards [...]
From Australia and China to South Africa and Eastern Europe, the global economy is being transformed by the extraction of huge amounts of natural gas from shale rock. The United States has played a major part in this revolution; new “plays,” as fields of shale gas are known, are now producing in Texas, Louisiana, Illinois, [...]
Pennsylvania plans to implement numerous recommendations of the Marcellus Shale Advisory Commission, including changes to enhance environmental standards, an impact fee, and a plan to help move Pennsylvania toward energy independence. “This natural resource will fuel our generating plants, heat our homes and power our state’s economic engine for generations to come,” Governor Tom Corbett [...]
By SteveLeVine The shakeup over shale gas — a newly available fuel that has overturned assumptions about energy, climate-change and geopolitics — has now stretched across the Atlantic to England. A drilling company backed by John Browne, the former CEO of BP, says it has discovered the gas equivalent of up to 35 billion barrels [...]
According to a Quinnipiac University poll, New Yorkers are almost evenly split over natural gas drilling in the Marcellus Shale formation that lies under the state. About 45 percent favor drilling because of economic benefits and 41 percent oppose it because of environmental risks, according to the survey of 1,016 registered voters released today. The [...]
The shale gas industry has had its collective ass kicked, and kicked hard, by Gasland and others opposed to hydraulic fracturing and needs to redefine its core messages to defuse a burgeoning negative public perception of the controversial drilling technique, the President and Chief Executive Officer of the Colorado Oil & Gas Association (COGA) said [...]
Consol Energy Inc. sold the potential Utica Shale gas exploration and development rights in Ohio to Hess Corp. for $593 million, the company said on Wednesday. The deal that will give Hess half of Consol’s mineral rights to about 200,000 acres, envisages Hess paying Consol $59 million at the time of its closure in October [...]
