The People of America's Oil and Natural Gas Indusry

Energy Tomorrow Blog

ohio  utica-shale  fracking  hydraulic-fracturing  vote4energy  states2016 

Mark Green

Mark Green
Posted September 26, 2016

Energy in Ohio – one of the cradles of the oil and natural gas industry – is trending up, to say the least. This is because development of safe fracking technology is unlocking the Utica shale play that underlies much of the eastern part of the state, as well as the westernmost edge of the Marcellus play a layer above the Utica. As a result, Ohio ranked 10th in natural gas production last year, nearly doubling from 2014 to 2015.

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pennsylvania  marcellus  utica-shale  natural-gas  fracking  emission-reductions  vote4energy  states2016 

Mark Green

Mark Green
Posted September 19, 2016

Sitting atop the prolific Marcellus and Utica shale plays, Pennsylvania is a natural gas production powerhouse – thanks to modern hydraulic fracturing and horizontal drilling. The U.S. Energy Information Administration (EIA) reports that the two plays provided 85 percent of U.S. shale gas production growth since the start of 2012, reflecting the blossoming production from shale and other tight-rock formations through safe fracking. 

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news  energy-exports  crude-oil  shale-energy  utica-shale  alberta-oil-sands  infrastructure  technology-innovation  water-management  keystone-xl-pipeline 

Mark Green

Mark Green
Posted May 6, 2015

BloombergBusiness: The U.S. will become one of the world’s largest oil exporters if domestic production continues to surge and policy makers lift a four-decade ban that keeps most crude from leaving the country, a government-sponsored study shows.

America would be capable of sending as much as 2.4 million barrels a day overseas in 2025 if federal policy makers were to eliminate restrictions on most crude exports, an analysis by Turner, Mason & Co. for the Energy Information Administration shows. That would make the U.S. the fourth-largest oil exporter, behind Saudi Arabia, Russia and the United Arab Emirates, based on 2013 EIA data. The report assumes domestic output rises by 7.2 million barrels a day from 2013.

The analysis is part of a series of studies the U.S. government is performing following a 71 percent surge in domestic oil production over the last four years. Drillers including Harold Hamm of Continental Resources Inc. and John Hess of Hess Corp. have been calling on the government to lift the ban on crude exports as they pump more light oil out of shale formations from North Dakota to Texas.

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news  oil-imports  domestic-oil-production  shale-energy  fracking  liquefied-natural-gas  arctic  marcellus  utica-shale  efficiency 

Mark Green

Mark Green
Posted May 5, 2015

Energy Outlook Blog (Geoff Styles): The US Energy Information Administration's latest Annual Energy Outlook features the key finding that the US is on track to reduce its net energy imports to essentially zero by 2030, if not sooner. That might seem surprising, in light of the recent collapse of oil prices and the resulting significant slowdown in drilling. EIA has covered that base, as well, in a side-case in which oil prices remain under $80 per barrel through 2040, and net imports bottom out at around 5% of total energy demand. Either way, this is as close to true US energy independence as I ever expected to see.

It wasn't that many years ago that such an outcome seemed ludicrously unattainable. I recall patiently explaining to various audiences that we simply couldn't drill our way to energy independence. The forecast of self-sufficiency that EIA has assembled depends on a lot more than just drilling, but without the development of previously inaccessible oil and gas resources through advanced drilling technology and hydraulic fracturing, a.k.a. "fracking", it couldn't be made at all. The growing contributions of various renewables are still dwarfed by oil and natural gas, for now.

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ohio  oil-and-natural-gas-development  shale-energy  utica-shale  hydraulic-fracturing  horizontal-drilling  fracking  safe-operations 

Mark Green

Mark Green
Posted March 12, 2015

Ohio is returning to the ranks of the country’s leading energy-producing states – thanks to the Utica Shale and safe hydraulic fracturing and horizontal drilling. We say returning, because Ohio was one of the “cradle” states for U.S. oil production.

This “Back to the Future” aspect of Ohio energy is illustrated on the Energy From Shale website in a new photo gallery that features 19th-century photographs alongside contemporary shots for a fascinating then-and-now portrayal of the state’s oil and natural gas development.

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us-crude-oil-production  global-markets  shale-energy  hydraulic-fracturing  horizontal-drilling  saudi-arabia  exxonmobil  epa-regulation  pipelines  utica-shale 

Mark Green

Mark Green
Posted December 4, 2014

National Journal: World oil producers have put oil prices into a free fall, refusing to pare back global supplies in the hopes that low prices will derail the fracking-backed production boom in the U.S. and preserve OPEC's power over world energy markets.

But global analysts are skeptical that the move will work.

The basic reason: Prices remain high enough to keep pumping. "Looking out there, it seems like there's a huge amount of oil that can be produced at $60, $70 per barrel," said Michael Lynch, president of consulting firm Strategic Energy and Economic Research, referring to the prices for Brent crude oil, a global reference point.

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keystone-xl-pipeline  oil-imports  exports  natural-gas-pipelines  utica-shale  hydraulic-fracturing 

Mark Green

Mark Green
Posted November 6, 2014

National Journal: Republicans' midterm victory means a Keystone XL pipeline is coming front-and-center to Congress's energy agenda, but that doesn't mean President Obama wants to talk about it.

Obama got a question during his Wednesday presser about a bill that ascendant Republicans plan to send him on approving the Keystone XL oil-sands pipeline. Obama didn't say point blank whether he'd reject the bill, instead saying he would let the "process play out" with the ongoing State Department review. He added that his parameters for evaluating the project are whether it would be good for U.S. pocketbooks, would really create jobs, and would not worsen climate change.

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ohio  economy  jobs  fracking  infrastructure  utica-shale 

Mark Green

Mark Green
Posted April 16, 2014

The story of the impact of oil and natural gas production story in Ohio is old – and new. Old in the sense the state was one of the country’s earliest producers of oil and natural gas. But also new, because development of the Utica Shale play in the past few years is responsible for an oil and natural gas resurgence, one that parallels what’s happening in the country as a whole.   Thanks to shale development through advanced hydraulic fracturing and horizontal drilling the state is seeing job creation, investment and economic growth.

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energy-investments  utica-shale  eagle-ford-shale  oil-and-natural-gas-investments  drilling  economic-growth  job-creation 

Mark Green

Mark Green
Posted March 18, 2014

A few of the new good-news stories resulting from America’s oil and natural gas revolution:  

Investing in Ohio Production …

The state’s geologist says Utica shale development has triggered $20 billion to $24 billion in spending investments and more will come, reports the Akron Beacon Journal’s online edition. The newspaper cites an unreleased report by Ohio state geologist Mike McCormac that says drilling companies have spent about $6 billion on drilling plus approximately $2 billion on leases. Investments in processing plants and pipelines are estimated at $12 billion to $16 billion.

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oil-and-natural-gas-development  hydraulic-fracturing  fracking  utica-shale  efficiency 

Mary Leshper

Mary Schaper
Posted March 18, 2014

Colorado Breaks Nearly 60-Year Record for Oil Production

Denver Business Journal: Colorado’s booming energy industry produced nearly 63.2 million barrels of crude oil in 2013, a new state record for annual oil production, according to a Denver Business Journal review of records from the Colorado Oil and Gas Conservation Commission (COGCC), which oversees the multi-billion dollar industry.

That’s a 28 percent jump from 2012, when the state’s oil and gas wells produced nearly 49.3 million barrels of oil, according to COGCC records.

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