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Mary Leshper

Mary Schaper
Posted May 9, 2013

AEI IdeasThe Economic Ripple Effect of the Bakken Shale Boom

Blogger Mark J. Perry writes about a recent analysis by the Minneapolis Fed that delved into the economic impact of increased shale development in the Bakken area of North Dakota. The report found that counties within 100 miles of the Bakken experienced the next-largest increase in wages and the next-lowest level of unemployment, compared to other counties in the state.

CNBCMarcellus Shale Turns Pennsylvania into ‘Saudi Arabia’ of Natural Gas

CNBC highlights the surge in natural gas production through hydraulic fracturing in the Marcellus Shale play. The Marcellus "is at the sunrise of this [energy] renaissance. This is going to be just the beginning of an economic juggernaut for the US and Pennsylvania."

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barnett-formation  bakken-shale  natural-gas  energy-101 

Mark Green

Mark Green
Posted April 30, 2013

The U.S. Geological Survey has new estimates for oil and natural gas in the Williston Basin shale area that simply blows the doors off previous estimates:

  • 3.65 billion barrels of undiscovered, technically recoverable oil for the Bakken Formation.
  • 3.73 billion barrels for the Three Forks Formation.
  • The total, 7.38 billion barrels, is a two-fold increase over USGS’ 2008 estimate, which included only the Bakken Formation because Three Forks wasn’t thought to be productive.

The chart below shows how resource estimates have skyrocketed since 2008 and 1995, when the assessment totaled only in the millions of barrels:

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access  bakken-shale  boemre  boemre  deepwater-drilling  deepwater-drilling-moratorium  domestic-energy  drilling-permits  eagle-ford-shale  energy-information-administration  energy-policy  gulf-of-mexico  moratorium  offshore-drilling  offshore-drilling-moratorium  oil-production  permits  offshore-oil-production 

Jane Van Ryan

Jane Van Ryan
Posted January 3, 2011

The administration announced today that 13 oil and natural gas companies can resume deepwater drilling activities in the Gulf of Mexico without submitting revised exploration or development plans for supplemental environmental reviews. 

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alternative-energy  bakken-shale  department-of-the-interior  domestic-energy  energy-policy  government-revenue  gulf-of-mexico  obama-administration  renewable-energy  unemployment  oil-and-natural-gas-leases  western-energy-alliance 

Jane Van Ryan

Jane Van Ryan
Posted December 28, 2010

If anyone doubts the current administration's negative impact on U.S. oil and natural gas development, the Western Energy Alliance (WEA) has some news for you: The numbers don't lie. 

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access  bakken-shale  domestic-energy  energy-information-administration  energy-policy  fracking  hydraulic-fracturing  moratorium  new-york 

Jane Van Ryan

Jane Van Ryan
Posted November 30, 2010

The New York State Assembly passed a measure placing a six-month moratorium on hydraulic fracturing late yesterday. The state Senate passed the ban in August, and now the legislation will go to Gov. David Paterson for his signature.

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bakken-shale  domestic-energy  eagle-ford-shale  horizontal-drilling  hydraulic-fracturing  hydro-fracking  texas 

Jane Van Ryan

Jane Van Ryan
Posted April 29, 2010

We've told you about the BakkenMarcellusHaynesvilleBossier, and other U.S. shale formations that are helping to provide much-needed domestic energy supplies. But have you heard of Eagle Ford

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