by J. Summers and S. Tobben, April 24, 2018 in BloombergMarkets
The Permian shale play is all about setting records. Now, the region may even become the world’s largest oil patch over the next decade.
Output in the basin is forecast to reach 3.18 million barrels a day in May, according to the Energy Information Administration. That’s the highest since the agency began compiling records in 2007. By 2023, the basin may produce 4 million barrels a day, according to the International Energy Agency. The Ghawar field in Saudi Arabia is currently the world’s biggest oil field, with capacity of 5.8 million barrels a day, according to a 2017 EIA report.
by Energy Voice, April 17, 2018 in GWPF
Chinese shale gas production will almost double between now and 2020, energy consultancy Wood Mackenzie (Woodmac) has predicted.
by P. Homewood, April 17, 2018 in NotaLotofPeopleKnowThat
I was at the Mall last weekend, and came across this local anti fracking group holding some sort of a workshop.
One wonders if they realise where the energy they use every day comes from?
by Shane Hoover, April 4, 2018 in Inde.Online.com
Utica Midstream conference gives update on Utica Shale production and development.
NORTH CANTON Ohio has produced more natural gas than it uses since early 2015. Driven by prolific Utica Shale wells, the state produced a record 1.7 trillion cubic feet of natural gas last year.
Much of the regional economic development around that production has been in the form of pipelines and processing facilities.
Two interstate natural gas pipelines — Energy Transfer’s Rover project and the NEXUS Gas Transmission pipeline — cross Stark and neighboring counties.
by Climate Science, April 8, 2018
As the U.K. celebrates its final year as part of the European Union, it is standing on the brink of a major boost to its economy and prosperity as it awaits the first economic benefit from its rich oil and gas shales (…)
by P. Homewood, April 8, 2018 in NotaLotofPeopleKnowThat
Bit by bit, some reality appears to be intruding into the make believe world of the Climate Change Act:
No credible scenario’ exists for hitting the UK’s 2050 decarbonisation targets without continued reliance on gas, the National Grid has warned.
In a new report, entitled The Future of Gas: How gas can support a low carbon future’, the grid says that it is not feasible to switch over to electric heating on the scale required to reduce greenhouse gas emissions to 80 per cent of 1990 levels by the middle of this century.
by M. Bastach, March 19, 2018 in TheDailyCaller
U.S. exported more natural gas in 2017 than it imported for the first time in 60 years, according to the Energy Department.
Natural gas production has boomed in recent years, particularly in Pennsylvania and other parts of Appalachia, thanks to hydraulic fracturing or fracking and horizontal drilling. The boom has offset Canadian imports and allowed U.S. companies to ship more fuel abroad.
by L’essentiel, 18 mars 2018
Grâce à une production de pétrole en plein boom, les États-Unis exportent désormais sans complexe leur or noir dans le monde, entraînant une refonte des infrastructures sur leur territoire et rebattant les cartes sur le marché mondial. En pompant actuellement plus de 10 millions de barils par jour, le pays est devenu le deuxième producteur de brut au monde, derrière la Russie et devant l’Arabie saoudite. Un essor lié aux nouvelles techniques permettant d’extraire à moindre coût du pétrole de schiste
by J. Worland, March 6, 2018 in Time
The widespread adoption of fracking in the U.S. opened billions of barrels of oil and trillions of cubic feet of natural gas to production and transformed the global energy sector in a matter of a few years. Now, a leading global energy agency says U.S. natural gas is about to do it again.
The International Energy Agency (IEA) said in a new forecast this week that growth in U.S. oil production will cover 80% of new global demand for oil in the next three years. U.S. oil production is expected to increase nearly 30% to 17 million barrels a day by 2023 with much of that growth coming from oil produced through fracking in West Texas.
by W. Mahdi and B. Stanley, March 7, 2018 in Bloomberg
Saudi Aramco, the world’s largest oil exporter, is set to join the shale revolution with plans to start producing unconventional natural gas this month and exploit a deposit that could rival the Eagle Ford formation in Texas.
Saudi Arabia’s gas resources from shale and other alternative supplies are “huge,” Khalid Al Abdulqader, general manager of unconventional resources at Aramco, said Wednesday in Manama, Bahrain. Production at the kingdom’s North Arabia basin will start by the end of March and reach its target by the end of this year, he said, without giving details.
by J. Hodges and K. Gilblom, March 2, 2018 in BusinessDay
London — Britain’s natural gas fracking industry is using a cold snap that’s gripped large swathes of Europe this week and laid bare weaknesses in the UK’s energy supply to make its pitch.
Britain’s natural gas market has been stretched to its limits as the coldest spell since 2010 tests the nation’s energy and transport network. UK pipeline manager National Grid Plc even urged industry to curb its gas usage while the cold weather persisted. (…)
by Alex Nussbaum, February 23, 2018 in BloombergNews
Cube development,’ which taps multiple layers of shale all at once, could accelerate the U.S. shale boom and make the global supply glut even worse.
In the scrublands of West Texas there’s an oil-drilling operation like few that have come before.
Encana Corp.’s RAB Davidson well pad is so mammoth, the explorer speaks of it in military terms, describing its efforts here as an occupation. More than 1 million pounds of drilling rigs, bulldozers, tanker trucks and other equipment spread out over a dusty 16-acre expanse. As of November, the 19 wells here collectively pumped almost 20,000 barrels of crude per day, according to company reports.
by A. Watts, February 16, 2018 in WUWT
From the “thanks to fracking, the biggest driver of lower carbon dioxide emissions has been declining natural gas prices” department.
Even without the clean power plan, US can achieve Paris Agreement emissions reductions
CMU researchers point out that there are many paths to compliance
by Julian Lee, February 11, 2018 in BloombergGadlfy
The latest surge in U.S. oil output will probably hasten the country’s rise to the top of the producer pile. More important, it’s starting to look as though at least half of OPEC’s nightmare scenario for 2018 — a surge in shale output and slowdown in demand growth — is coming true.
Last week’s avalanche of releases from the U.S. Department of Energy showed daily oil production above 10 million barrels a day for the first time since 1970.
by Thomas Heath, December 31, 2017 in Washington Post
U.S. crude oil production is flirting with record highs heading into the new year, thanks to the technological nimbleness of shale oil drillers .
The current abundance has erased memories of 1973 gas lines, which raised pump prices dramatically, traumatizing the United States and reordering its economy. In the decades since, presidents and politicians have made pronouncements calling for U.S. energy independence.