The People of America's Oil and Natural Gas Indusry

Energy Tomorrow Blog

news  energy-exports  crude-oil  oil-and-natural-gas-development  north-dakota  colorado  ohio  fracking  biofuels 

Mark Green

Mark Green
Posted May 1, 2015

Ravalli (Mont.) Republic: The nation’s energy future is strong, with oil and natural gas production driving the country closer to becoming a net exporter of energy, the commissioner of the Federal Energy Regulatory Commission said Wednesday.

Commissioner Norman Bay said the U.S. has ramped up its oil and gas production while slowing domestic demand for petroleum.

Growth of the nation’s electrical consumption has also slowed to 1 percent a year, and coal is playing a smaller role in U.S. power generation.

“In 2009, all that natural gas flooded the market and the share of electricity generated from coal dropped from 50 percent to 45 percent,” Bay said. “Over time, the share of generation by natural gas continues to increase and electricity generated from coal continues to decrease. It’s primarily driven by market forces.”

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hydraulic-fracturing  fracking  colorado  safe-operations  oil-and-natural-gas-development 

Mark Green

Mark Green
Posted March 19, 2015

More from petroleum geologist Barbara Pickup in Breckenridge, Colo., featured in an API television ad earlier this year, talking about hydraulic fracturing and the environment.   

In the video below, Pickup talks about her love for the outdoors and environmental roots – and how they’re compatible with safe, responsible energy development using advanced hydraulic fracturing and horizontal drilling.

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american-energy  fracking  ethanol  rfs34  colorado  new-york  exports 

Mary Leshper

Mary Schaper
Posted March 6, 2015

Denver Business Journal: Colorado posted a new record for oil production in 2014, with more than 82.8 million barrels of crude oil pumped from the ground — about 85 percent of it from Weld County oil and natural gas wells, according to a Denver Business Journal analysis of figures posted on the Colorado Oil and Gas Conservation Commission (COGCC) website. The state, along with the nation, has ridden a boom in oil development and production in the last few years.

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oil-and-natural-gas-development  texas  colorado  shale-energy  new-york  liquefied-natural-gas  lng-exports 

Mary Leshper

Mary Schaper
Posted March 4, 2015

AEI Carpe Diem Blog: The Energy Information Administration (EIA) released new state crude oil production data last week for the month of December, and one of the highlights of that monthly report is that oil output in America’s No. 1 oil-producing state – Texas – continues its phenomenal, eye-popping rise. Here are some details of oil output in “Saudi Texas” for the month of December and the economic impact that production is having on the state and national economies:

For the ninth straight month starting in April 2014, oil drillers in Texas pumped out more than 3 million barrels of crude oil every day (bpd) during the month of December.

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economy  energy-security  american-energy  fracking  ohio  colorado  arctic 

Mary Leshper

Mary Schaper
Posted February 18, 2015

NPR: Drilling companies in Pennsylvania have broken yet another record, as shale gas production jumped 30 percent last year, according to new data released by the state Department of Environmental Protection. Marcellus Shale drillers produced more than 2 trillion cubic feet of gas in the second half of 2014. Throughout all of last year, they produced 4 trillion cubic feet– or about 16 percent of what the entire United States consumes on an annual basis.

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economy  jobs  american-energy  crude-oil  exports  colorado  texas 

Mary Leshper

Mary Schaper
Posted October 14, 2014

Huffington Post (Aspen Institute’s Thomas Duesterberg): The largely unanticipated boom in oil production in the last five years has revived a debate over whether the United States should reverse the forty-year old ban on exports of crude oil. Even though we still import around 30 percent of total crude and refined products, the U.S. refinery industry is unable to process much of the new supply of light crude oil produced from domestic light shale formations. In turn, domestic prices for light oil lag the world price and eventually could result in reduced levels of new production. Allowing exports would likely equalize domestic and world prices and also lead to more efficient global processing because many refineries abroad, especially in Europe, can do a better job than their U.S. counterparts. The United States would continue to import heavier grades of crude oil which its refineries are built to process.

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colorado  oil-and-natural-gas-development  economic-benefits  government-revenues  hydraulic-fracturing  horizontal-drilling  fracking  safe-operations 

Mark Green

Mark Green
Posted October 10, 2014

A new University of Colorado study affirms the dynamic and critical role energy development is playing in the state – in terms of support for public schools, job creation and the economy.

Just looking at 2012, oil and natural gas activity generated more than $200 million for Colorado schools, supported nearly 94,000 jobs in the state and created more than $23 million in state economic activity, according to the report conducted by the university’s Leeds School of Business and commissioned by API.

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economy  jobs  american-energy  fracking  ethanol  colorado 

Mary Leshper

Mary Schaper
Posted September 5, 2014

Greeley Tribune: A study by an energy initiative at Duke University shows that Colorado’s booming oil and gas industry has had a positive impact on public finances to date.

“Our research indicates that the net impact of recent oil and gas development has generally been positive for local public finances,” states the report, conducted by Daniel Raimi and Richard Newell of the Duke University Energy Initiative. “While costs arising from new service demands have been large in many regions, increased revenues from a variety of sources have generally outweighed them or at least kept pace, allowing local governments to maintain and in some cases expand or improve the services they provide.”

In Colorado, besides some harsher impacts on the Western Slope, the industry’s impact was a net positive, the study found, meaning that the benefits of the industry outweighed the costs of supplying services to support the industry.

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energy-security  economy  jobs  american-energy  fracking  marcellus  lng-exports  colorado  texas 

Mary Leshper

Mary Schaper
Posted August 8, 2014

Penn Live (Brian Hollister): I was retired at age 49. After service in the military and a career as an Electronic Quality Engineer, I was pleased to be working independently at what I enjoy most, small construction projects. I was living comfortably while doing work for friends and community members.

But then came the economic collapse of 2008, and like so many Americans, my fortune - quite literally - changed. Overnight I lost much of what I'd saved for my future and I needed to return to work. It's a familiar story. After time away, the job market I found was quite different from the one I'd left behind.

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economy  energy-security  jobs  american-energy  fracking  lng-exports  colorado 

Mary Leshper

Mary Schaper
Posted August 6, 2014

The Hill (Toby Mack): America , along with its oil and gas producers, energy supply chain companies, and millions of American workers, are quite literally "missing the boat" as a result of the federal government-imposed ban on crude oil exports, and severe limits on liquefied natural gas (LNG) exports. Eliminating these restrictions would set the stage for dramatically more rapid growth in energy production and for the supply chain businesses that support energy operations.

Applications to export as much as 25 billion cubic feet per day (bcf/d) equivalent of natural gas are stuck in the Department of Energy's limbo of lengthy review processes.  Recently released studies and analysis indicate that each additional 10 bcf/d of natural gas produced to meet export demand would create 110,000 new jobs and $20 billion annually of new business for the energy supply chain - construction contractors, equipment companies, materials suppliers and production service providers. And with other nations rushing to fill the void left by the absence of U.S. exports, this window of opportunity will close and the business lost if we don't accelerate processing of these applications.

On the crude oil front, research firm IHS Energy conservatively projects that enabling exports would cause U.S. production to increase by an average of 1.2 million barrels per day by 2016, which would result in an additional $86 billion of GDP per year. With models showing about half of production-related output being created by the energy supply chain, this yields approximately $40 billion more per year in potential business for supply chain companies, with about another 200,000 new jobs.

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