The People of America's Oil and Natural Gas Indusry

Energy Tomorrow Blog

offshore-production  environment  energy-security  economy  fracking  north-dakota  california 

Mary Leshper

Mary Schaper
Posted July 18, 2014

Washington Examiner: The Obama administration announced Friday that it would allow exploration for oil and gas off some portions of the Atlantic Coast using sonic testing devices that environmentalists say harm marine life.

 

The Interior Department's Bureau of Ocean Energy Management gave the OK for seismic airgun testing, which are boat-towed cannons that shoot sonar blasts off the ocean floor to scan for oil-and-gas deposits, in the mid- and south-Atlantic areas that stretch from the Delaware Bay to just south of Cape Canaveral, Fla. The approval is a prelude to potential offshore drilling there, though that is blocked through 2017 under President Obama's five-year offshore drilling plan.

"The bureau has identified a path forward that addresses the need to update the nearly four-decade-old data in the region while protecting marine life and cultural sites,” said Acting BOEM Director Walter D. Cruickshank, who noted the agency has several permits on hand to conduct the seismic tests. “The bureau's decision reflects a carefully analyzed and balanced approach that will allow us to increase our understanding of potential offshore resources while protecting the human, marine and coastal environments.”

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oil-and-natural-gas-development  texas  north-dakota  emssions  fracking  colorado  pennsylvania  oil-sands  utah 

Mark Green

Mark Green
Posted July 2, 2014

Oil and Gas Journal: Crude oil production in the US during April totaled 8.4 million b/d, with Texas and North Dakota accounting for 4 million b/d, according to data from the US Energy Information Administration's Petroleum Supply Monthly Report.

Texas production reached 3 million b/d for the first time since the late 1970s, more than doubling production in the past 3 years. North Dakota production, meanwhile, surpassed 1 million b/d for the first time in the state’s history, almost tripling its production over the same period.

Crude production volumes in North Dakota and Texas from April 2010 to April 2014 increased at average rates of 37%/year and 28%/year, respectively, compared with 2%/year average growth in the rest of the country.

During that period, North Dakota’s and Texas’s combined share of total US crude production rose to 48% from 26%, as the Gulf of Mexico’s crude production share declined to 17% from 27%.

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oil-and-natural-gas-development  north-dakota  ethanol-in-gasoline  keystone-xl-pipeline  lng-exports 

Mark Green

Mark Green
Posted June 19, 2014

Bloomberg:  North Dakota, which yesterday became just the fourth state to record oil production above 1 million barrels a day, could see even stronger growth over the summer as improved weather makes life easier for drilling crews.

Output increased to 1,001,149 barrels a day in April, the state’s Department of Mineral Resources reported yesterday. Texas, California and Alaska have crossed the million-barrel mark. Only Texas remains above the state, at almost 3 million barrels a day.

April oilfield work was hampered by heavy rain that shut roads and strong winds that closed down operations. Crews completed 200 wells during the month, and another 600 are already drilled and just waiting on hydraulic fracturing, or fracking. Better weather in the summer months should allow more new wells to start gushing oil.

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exports  jobs  ohio  maryland  texas  north-dakota 

Mary Leshper

Mary Schaper
Posted April 29, 2014

NEW YORK (AP) — Whether to allow more exports of U.S. oil and natural gas has become a matter of political debate in Washington. But to economists, the answer is clear: The nation would benefit.

The vast majority of economists surveyed this month by The Associated Press say lifting restrictions on exports of oil and natural gas would help the economy even if it meant higher fuel prices for consumers.

More exports would encourage investment in oil and gas production and transport, create jobs, make oil and gas supplies more stable and reduce the U.S. trade deficit, they say.

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job-creation  job-growth  wages  oil-and-natural-gas-development  bakken-shale  north-dakota 

Mark Green

Mark Green
Posted December 6, 2013

Say Anything Blog’s Rob Port has a suggestion for workers in different parts of the country who are dissatisfied with how much they’re earning in their present jobs: Come to North Dakota.

As Port and economics/energy blogger Mark J. Perry point out, North Dakota’s thriving economy, driven largely by surging oil and natural gas development (thanks, fracking!), is producing outrageously low unemployment – and rigorous competition for workers. You don’t have to be Milton Friedman to recognize that economic growth + worker demand = growing wages.

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lng-exports  hydraulic-fracturing  north-dakota  new-york-drilling-moratorium  ethanol  rfs34 

Mary Leshper

Mary Schaper
Posted September 11, 2013

Obama Administration Allows More natural Gas Exports

Fuel Fix Blog: The Obama administration on Wednesday authorized a fourth company to broadly export U.S. natural gas, giving Dominion conditional approval to sell the fossil fuel abroad after processing it at a Maryland facility.

The Energy Department’s decision means that as long as it secures other required permits, Dominion Cove Point will be able to sell as much as 770 million cubic feet of natural gas per day for the next 20 years to Japan and other countries that do not have free-trade agreements with the United States.

With the Dominion Cove Point decision, the Obama administration has now authorized 6.37 billion cubic feet of liquefied natural gas to be sold to non-free-trade nations.

Read more: http://bit.ly/17QBo0W

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ethanol  rfs34  marcellus  north-dakota 

Mary Leshper

Mary Schaper
Posted August 16, 2013

USA Today – Our View: Ethanol Quotas Pump Money from Your Pocket

USA Today’s editorial says that the increasing ethanol mandate is “bad public policy” that the “Obama administration has some flexibility to lower mandates, but a better approach would be to repeal the law entirely.”

City Journal – The View from Marcellus

Hydraulic fracturing “brings breathtaking economic and environmental benefits – at least to places that welcome it,” writes James Panero. He also notes that in 2000, shale produced only 2 percent of our domestic oil and natural gas supply. According to government studies, 50 percent now comes from shale and unconventional sources. 

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hydraulic-fracturing  exports  keystone-xl  regulations  natural-gas  lng34  north-dakota 

Mary Leshper

Mary Schaper
Posted June 7, 2013

CNN MoneyEnergy Helps North Dakota Grow Five Times Faster Than Nation

Propelled by a massive energy surge,  North Dakota’s economy grew  13.4 percent  in 2012, according to Bureau of Economic Analysis figures – nearly three times as fast as Texas, the No. 2 state. The oil and natural gas industry is a big economic driver, as well as manufacturing industries.

National Review OnlineNo More Energy Protectionism

In a guest post, the Heritage Foundation’s Nicolas Loris writes that, “In a free economy, goods and services go to their highest valued use. Natural gas is no different, and it should be treated the same as any other good the U.S. trades around the world.”

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