Posted July 31, 2013
Oil and Gas Journal – Study: U.S. Unconventional Plays Will Help Reduce Imports from Abroad
According to a new Wood Mackenzie study, unconventional oil and natural gas plays will continue to drive US and Canadian production for years. The Bakken and Eagle Ford shale plays are expected to account for more than half of anticipated North America tight oil production volumes of more than 5 million barrels per day by 2019.
CNN Money – Ford to Offer F-150 That Runs on Natural Gas
Ford’s best-selling truck is set to roll out of factories in 2014 with a new option: the pickup can run on liquefied natural gas. The lower cost of natural gas – about the equivalent of $2.11 per gallon of gasoline – means that “customers will be able to save money within 24 to 36 months of ownership, even though they will have to pay nearly $10,000 more for the option.
The U.S. has analyzed the Keystone XL pipeline project for nearly five years. And after four reviews, the State Department has come to the same conclusion: the project would present no significant harm to the environment. “Canada’s oil is going to be moved and refined. The only question that remains is how the oil will be transported... Shipment by pipeline results in less emissions than other alternatives and American refiners are some of the cleanest in the world."
The Business Journal – Hanoverton Becomes Crossroads of Utica Shale
Business Journal notes the benefits of increased shale development in Ohio. Columbia County commissioner Mike Halleck: “When I took office 2 years ago, unemployment was around 15%,” the commissioner says. The unemployment rate countywide for June 2013 stood at 8.2%. “Unemployment has almost been cut in half.”
Akron Beacon Journal – New Shale Processing Plants in Eastern Ohio Up and Running
To keep up with shale development in Ohio’s Utica play, new processing plants have recently opened. These plants will make processing and shipping oil and natural gas from hydraulic fracturing more efficient. Jobs bonus: more than 1,700 workers were employed to construct the new facilities, and more facilities are set for completion in December.
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.