ShaleBlog.com

Oil Shale: The Next Fossil Energy Boom?

admin — Thu, 02 Feb 2012 16:57:44 +0000

The current fossil energy boom in the United States is natural gas from shale. The next one could be oil shales.

Fracking = Profanity?

admin — Thu, 02 Feb 2012 01:43:36 +0000

Some people don’t like the word “fracking” and want the term hydraulic fracturing to always be used in its place.

Consumer Natural Gas Prices

admin — Wed, 01 Feb 2012 18:22:15 +0000

The Energy Information Administration’s Natural Gas Monthly features a short-term history graph of natural gas prices for four consumer categories (residential, industrial, commercial, electric power). It clearly shows long term trends and how residential prices spike in the summer when consumers are being billed at low-volume rates.

Oil and Natural Gas Data for Pennsylvania

admin — Wed, 01 Feb 2012 05:01:10 +0000

The Pennsylvania Department of Environmental Protection has created interactive reports that allow citizens create reports that summarize oil and gas production information, permits issued, drilling commence date, county data, operator specific data, as well as inspections, violations and enforcement actions.

Eminent Domain and Pennsylvania Pipelines

admin — Wed, 01 Feb 2012 04:58:04 +0000

An article on the ABC News website reports on how eminent domain is being used in Pennsylvania by a natural gas pipeline company to acquire missing pieces of a pipeline right-of-way.

Promoting Natural Gas Trucks

admin — Fri, 27 Jan 2012 05:01:44 +0000

President Obama proposes a tax credit that will refund 50% of the extra cost paid for a natural gas-fueled truck above what would have been paid for the same truck with a diesel or gasoline fuel system. This is the type of incentive needed to assure that US natural gas contributes to US energy independence.

Turkmenistan Oil and Natural Gas Report

admin — Fri, 27 Jan 2012 01:24:39 +0000

“Turkmenistan has some of the largest natural gas reserves in the world, yet the country faces a myriad of challenges in bringing those reserves to world markets. It is geographically far from end-use markets and lacks sufficient pipeline infrastructure to export more hydrocarbons.” Quoted from the EIA report.

Homeowner Savings from Low Natural Gas Prices

admin — Thu, 26 Jan 2012 04:55:42 +0000

An article on BusinessWeek.com reports that the recent slump in natural gas prices could save US homeowners $16.5 billion if prices persist for a year.

Will Exporting Natural Gas Damage Domestic Energy Markets?

admin — Thu, 26 Jan 2012 04:51:32 +0000

DOE/FE asked the U.S. Energy Information Administration to assess how specified scenarios of increased natural gas exports could affect domestic energy markets, focusing on consumption, production, and prices.

Overproduction in the Natural Gas Industry

admin — Thu, 26 Jan 2012 01:13:18 +0000

National Public Radio has a podcast titled: “Is The Booming Natural Gas Industry Overproducing?”. It explores how natural gas companies are cutting back on production, filling underground storage and moving their rigs out of the dry gas areas.

EIA Cuts Shale Gas Resource Estimates

admin — Tue, 24 Jan 2012 01:24:04 +0000

“The estimated unproved technically recoverable resource (TRR) of shale gas for the United States is 482 trillion cubic feet, substantially below the estimate of 827 trillion cubic feet in AEO2011. The decline largely reflects a decrease in the estimate for the Marcellus shale, from 410 trillion cubic feet to 141 trillion cubic feet.” Quoted from the Annual Energy Outlook 2012 Early Release.

Economic Benefits from the Haynesville Shale

admin — Sun, 22 Jan 2012 15:23:07 +0000

An article on the NOLA.com website reports on the economic benefits that natural gas from the Haynesville Shale as brought to Louisiana. The Shreveport Times website reports on two new reality shows that focus on lifestyle changes brought to the area by natural gas money.

Natural Gas Prices are Still Falling

admin — Sun, 22 Jan 2012 13:53:42 +0000

The price of natural gas is still going down, hitting $2.32/MCF on Thursday, January 19th. This is the lowest natural gas price since early 2002.

Bank of America expects the price to fall below $2.00.

Shale Gas Increases 17X

admin — Fri, 20 Jan 2012 05:57:14 +0000

Since 2000, shale gas production in the United States has increased 17-fold and now comprises about 30 percent of total United States dry production.

Fracking Backlog in North Dakota

admin — Fri, 20 Jan 2012 05:35:57 +0000

Even though oil production from North Dakota’s Bakken Formation has propelled the state to new production records there is still a backlog of wells to be fracked.