Posted June 11, 2013
Pittsburgh Business Times – Marcellus Royalties Rising
The newspaper reports on a study by the Allegheny Institute for Public Policy showing that royalty income paid to land and mineral rights owners in Marcellus Shale play has skyrocketed in recent years, from an estimated $10.9 million in 2008 to an estimated $731 million last year.
MSN Money – Meet the State with America’s Strongest Economy
Thanks to the surge in hydraulic fracturing and shale development in North Dakota, the state’s GDP rose 13.4 percent in 2012 over 2011 to lead the U.S. Per capita personal income also has soared, doubling since 2000.
Wall Street Journal Live – Interview: Chevron’s John Watson
Chevron’s CEO sat down with WSJ to discuss the evolving global shale market and the impacts of U.S. shale reserves. He also discusses how energy companies are becoming safer and more productive.
Investing in communities: Thanks to the surge in Marcellus Shale development in Pennsylvania, local businesses like McKees Rocks are getting a much-needed boost.
According to a new EIA report, global shale resources are vast enough to cover more than a decade of oil consumption. The report said natural gas from shale formations increased world natural gas resources by 47 percent to 22,882 trillion cubic feet.
ABOUT THE AUTHOR
Mary Schaper is a Digital Communications Manager for the American Petroleum Institute. She previously worked on Capitol Hill for the Senate Energy and Natural Resources Committee as Digital Director and for Senator Lisa Murkowski. Before coming to D.C., she spearheaded digital strategy for Murkowski's successful Senate write-in campaign in 2010. Schaper enjoys traveling and taking in the local culture alongside her husband, their son and loyal springer spaniel.