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10.22.13

Marcellus Shale gas growing faster than expected

Natural gas production from the Marcellus Shale region is growing faster than expected, according to a new federal report issued Tuesday. Marcellus production has now reached 12 billion cubic feet a day, the Energy Information Administration report found. That's the energy equivalent of about 2 million barrels of oil a day, and more than six times the 2009 production rate.

 

10.20.13

These Shale Gas Plays Are Changing America's Energy Landscape

Shale gas flowing out of the Utica and Marcellus shale plays currently accounts for 18% of current total U.S. output. Over the next decade, those two shale gas plays will grow to account for about a quarter of America's natural gas production. This soaring production growth is really changing the energy landscape in America, especially when it comes to our pipeline infrastructure.

 

10.20.13

Proposed natural gas pipeline could create 15,000 jobs

Construction of a large-diameter liquefied natural gas pipeline that North Slope producers are considering could put as many as 15,000 people to work. ExxonMobil project manager Steve Butt, speaking during an update on the company’s work on a large-scale pipeline to the Support Industry Alliance forum in Fairbanks on Friday, said that scale of people is also one of the project’s biggest logistical challenges.

 

10.20.13

Monterey Shale would provide thousands of jobs, billions of dollars

Developing California’s oil-bearing Monterey Formation could mean up to 195,000 new jobs, more than $22 billion in personal income and $6.7 billion in new taxable sales for the San Joaquin Valley, according to a new study by economists from California State University, Fresno.

 

10.17.13

Study: Natural gas becoming focal point of global energy

A new study released by General Electric provides some encouraging predictions for the shale gas industry. A white paper titled the Age of Gas finds that natural gas is becoming a focal point of global energy supply and demand.

 

10.17.13

Opportunities abound here, if we're smart

Bruce Katz, who makes his living by making big ideas accessible to the likes of me, was telling a roomful of prosperous Pittsburghers Wednesday that we're sitting pretty if we play our cards right.

 

10.15.13

Northeast's gas boom is reshaping U.S. energy industry: report

More than one third of the U.S. natural gas production increase expected between 2013 to 2033 -- some 9.1 billion cubic feet per day -- will come from the Utica and Marcellus shale formations in the Northeast, an oil and natural gas analytics firm said Tuesday.

 

10.15.13

U.S. Becomes World’s Top Oil Producer in 2013, PIRA Says

The U.S. is expected to overtake Saudi Arabia as the world biggest total supplier of oil this year when natural gas liquids and biofuels are added to crude, PIRA Energy Group said.

 

10.14.13

Northeast poised to become a major nautral gas supplier

Hydrofracking is driving a major change, and could make the Northeast a major natural gas supplier to the Southeast, according to a new report.

 

10.14.13

Sizing up the Permian Basin

You may have noticed that the US is in the midst of a dramatic turnaround in oil production. This turnaround is often referred to as the “shale revolution.” Certainly the marriage of the decades-old techniques of hydraulic fracking and horizontal drilling had a huge role in this reversal as shale plays across the country became economical prospects for the first time.

 
 
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