Economic

The only thing holding back the country’s tremendous opportunity in shale gas is permitting — for petrochemical facilities, liquefied natural gas (LNG) export projects and drilling in some states — according to ExxonMobil Chemical’s President Stephen D. Pryor.

The only thing holding back the country’s tremendous opportunity in shale gas is permitting — for petrochemical facilities, liquefied natural gas (LNG) export projects and drilling in some states — according to ExxonMobil Chemical’s President Stephen D. Pryor.

Consol Energy Inc. and Pennsylvania’s Allegheny County Airport Authority (ACAA) have unveiled a drilling proposal for Pittsburgh International Airport property that would allow 47 wells to be drilled into airport property overlying the Marcellus Shale, with the potential to explore Upper Devonian targets.

New York Gov. Andrew Cuomo said he believes high-volume hydraulic fracturing (HVHF) could mesh with the state’s economic development plans, but he said there was no news regarding a health impact analysis of the practice.

President Obama’s tilt toward accepting the economic opportunities from U.S. natural gas abundance may have been in fits and starts, but the right-leaning oil and gas industry is finding a lot to praise today, industry officials said Wednesday.

State lawmakers in West Virginia plan to meet in Wheeling on Thursday to discuss the impact the oil and gas industry is having on local roadways.

Coming out of its coldest April and wettest May ever recorded, North Dakota’s latest oil and natural gas statistics show the amounts of oil transported by rail shot up to 75% in April while new wells connected set a record at 185. Overall, April oil/gas production was down compared to March, but the daily averages set all-time records on a preliminary basis (793,249 b/d and 846 MMcf/d).

While a majority of Californians support curbs on hydraulic fracturing (fracking), when they are aware of the economic advantages coming from the drilling practice a majority (56%) supports its use, according to a statewide public opinion survey released last Friday.

A group of elected officials, economic development and real estate experts in northeastern Ohio have developed a proposal to create a network of wet gas gathering lines and other infrastructure in the Utica Shale, using the region’s steel industry, abandoned or partially used rail lines and existing highways.