Posted June 18, 2013
Chicago Tribune – Illinois Governor Signs Bill to Regulate Fracking
Illinois is one step closer to hydraulic fracturing after bipartisan legislation regulating the process was signed into law by Gov. Pat Quinn. Lawmakers say they hope the new regulations will encourage the oil and natural gas industry to invest in Illinois, helping to create jobs.
Fuel Fix Blog – Colleges Plan Training for Gas Drilling Jobs
Two colleges in southern Illinois are getting a jumpstart on possible oil and natural gas development in the state. Southeastern Illinois College and Rend Lake College are planning to provide training programs focused on safety and other areas related to energy development.
Posted June 17, 2013
Washington Post – Why We Should Speed U.S. Gas Exports
In an op-ed for the Post, U.S. Sen. John Barrasso of Wyoming writes that the United States has a rare opportunity through natural gas exports to simultaneously create jobs, strengthen our foreign policy hand and help allies abroad. “Make no mistake: Our allies need energy to grow,” he writes. “If the United States does not supply that energy, someone else will.”
The Telegraph – U.S. Having Real Energy Revolution with Oil Surge
“Despite disruptions to oil supply in Africa and parts of the Middle East, rising US output ensured that global oil production continued to grow,” writes Garry White.
Posted June 14, 2013
Fuel Fix Blog – Report: Renewables, Natural Gas Should Work Together On the Grid
According to a new report by the Texas Clean Energy Coalition, natural gas and renewables “have a strong complimentary relationship” that is beneficial for providing the energy Americans need every day.
Today in Energy – U.S. Crude Oil Production Could Reach 10M Barrels Per Day By 2040
EIA projects that thanks in large part to increased tight oil production – shale development – domestic production could continue to expand to 10 million barrels per day or higher by 2040.
Posted June 13, 2013
Wall Street Journal – U.S. Oil Notches Record Growth
In the latest sign that the shale revolution is remaking world energy markets, the WSJ cites BP’s 2012 Statistical Review showing crude production in the U.S. jumped 14 percent last year to 8.9 million barrels a day. (subscription publication).
Pittsburgh Post-Gazette – Pennsylvania to See $202.47 Million in Per-Well Fracking Impact Fees
A new Pennsylvania Public Utility Commission report notes that more than $200 million from hydraulic fracturing impact fees will be distributed to local governments across the state. Bradford County in the state's northeast will collect the most at $7.3 million while Washington is second at $4.7 million. Lycoming and Tioga counties follow with $4.4 million each.
Posted June 12, 2013
Fuel Fix Blog – U.S. Led World in Oil Growth in 2012
According to a new BP report, U.S. oil production growth, the largest in the country’s history, helped keep global crude prices from rising sharply. Shale development had the biggest impact on this increase in oil production.
Washington Times – U.S. Gains Global Competition as Shale Revolution Heats Up
While the U.S. has been “the dominant player in the shale revolution until now,” the newspaper cites new estimates showing that Russia and China have potential to rise in the global market by exploiting their own shale resources.
Posted June 11, 2013
Pittsburgh Business Times – Marcellus Royalties Rising
The newspaper reports on a study by the Allegheny Institute for Public Policy showing that royalty income paid to land and mineral rights owners in Marcellus Shale play has skyrocketed in recent years, from an estimated $10.9 million in 2008 to an estimated $731 million last year.
MSN Money – Meet the State with America’s Strongest Economy
Thanks to the surge in hydraulic fracturing and shale development in North Dakota, the state’s GDP rose 13.4 percent in 2012 over 2011 to lead the U.S. Per capita personal income also has soared, doubling since 2000.
Posted June 10, 2013
Wall Street Journal – Fracturing in California
In an editorial, WSJ comments on a bipartisan vote in the state assembly to defeat a ban on hydraulic fracturing: "...about one-third of the active wells now use this innovative drilling process... A moratorium would throw thousands of Californians out of work."
EIA Today in Energy – Shale Oil and Natural Gas Resources Are Globally Abundant
A new EIA report shows that shale resources in the United States and worldwide represent 10 percent of the world's crude oil and 32 percent of the world's technically recoverable natural gas resources.
Posted June 7, 2013
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 Online – No 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.”
Posted June 6, 2013
The surge in U.S. shale development through hydraulic fracturing and horizontal drilling in North Dakota, Oklahoma and Texas has boosted domestic oil production – 7.3 million barrels a day last week alone – to the highest level since 1986, according to the U.S. Energy Information Administration.
Fuel Fix Blog – Feds Give More Time To Study Proposed Drilling Rule
Last month API asked for an additional 90 days to study BLM’s proposed rule governing hydraulic fracturing. Today, Interior Secretary Sally Jewell said that she would allow an additional 60 days for stakeholders to review the proposed regulations.
Posted June 5, 2013
The Hill – Fueling the Future
Bill Cooper, president of the Center for Liquefied Natural Gas, talked with The Hill about the future of natural gas exports. “This is not the first time the country has argued protectionism versus exports and that kind of thing,” he said. “Historically, if we look back over it, protectionism tends to lead to economic stagnation.”
Dallas Morning News – U.S. Oil and Natural Gas Investment at 10-year High
An Ernst & Young study released Tuesday found that in 2012 the 50 largest U.S. oil and natural gas companies spent $185.6 billion on domestic exploration and new production. That represented a 20 percent increase over the previous year and the most in the past 10 years.