A report commissioned by the Energy Information Administration (EIA) estimates that technically recoverable shale natural gas resources in the United States are as much as 750 Tcf.
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EXCO Gives Up On Sale
The EXCO Resources Inc. board of directors is ending its bid to sell the company.
Fracking Prohibition Would Turn LNG Tankers This Way, Speaker Says
Back in 2007 the United States was in store to get about 130 metric tons of liquefied natural gas (LNG) imports. However, North American shale gas plays have changed all that. But if hydraulic fracturing (fracking) well stimulation is outlawed or severely curtailed, it could be back to the future where LNG imports are concerned.
PG&E Ties Loose Ends, Eyes Mid-Year Deadline in Pipe Review
Completed pressure test records have been confirmed on another 134 miles of transmission pipelines since data became available in mid-March, Pacific Gas and Electric Co. (PG&E) said Tuesday in a status report it filed with the California Public Utilities Commission (CPUC). The latest data is as of the end of April.
Ohio Landowners’ Group Signs with Chesapeake
After months of conducting their own research into the booming oil and gas industry, thousands of landowners with the Associated Landowners of the Ohio Valley (ALOV) have recently signed Marcellus Shale lease agreements with Chesapeake Energy Corp.
Proposed Pipeline Would Carry Shale Oil to Gulf Coast
A proposed pipeline to carry crude oil currently stranded at Cushing, OK, to higher-priced markets in Houston would also serve crude production from established and emerging shale plays in the Midcontinent, the project’s backers said.
Onshore Independents Seen Fueling U.S. Economy
Onshore independent natural gas and oil producers supported almost 400,000 direct workers and generated $263 billion in gross economic output in 2010, the Independent Petroleum Association of America (IPAA) said Monday.
Louisiana Hydrofracking Regulation Checks Out
A review of the Louisiana program regulating the hydraulic fracturing (hydrofracking) of oil and gas wells has concluded that the program is well managed; however, some recommendations for improvements were made.
ICF Official: Shale Accounts for Half of U.S. Rig Activity
Shale development currently accounts for about half of the total rigs targeting natural gas development in the United States, a top executive with ICF International said.
Marcellus Production Drove Pennsylvania Increase in 2010
Natural gas production in Pennsylvania is expanding wildly, according to new data released by the state Department of Environmental Protection, which revealed 256 Bcf of natural gas was produced from 1,148 Marcellus Shale wells in the second half of 2010.