The United States could produce 5 million b/d from shale oil deposits by 2017 and may become the world’s largest oil producer — reaching up to 16 million b/d in just a few years by combining shale with conventional oil, liquefied natural gas (LNG) and biofuels, according to a researcher at Harvard Kennedy School.
Articles from Enacted
An Oklahoma tax break for horizontal wells enacted in 2010 is depriving the Sooner State of revenue that could beef up its rainy day fund and should be reconsidered, the state’s secretary of finance and revenue said.
Natural gas producers in Pennsylvania have paid most of the $202.7 million owed under the drilling impact fee enacted under Act 13, the state’s omnibus Marcellus Shale law.
In what is believed to be a first in the industry, elected officials in Mora County, NM, have enacted a total ban on oil and gas drilling.
Three bills that if enacted would place a moratorium on using hydraulic fracturing (fracking) in drilling operations, as well as review oil and gas drilling practices, have advanced in the California legislature along partisan lines in a body dominated by Democrats.
The Boulder County, CO, commission on Tuesday formally extended a moratorium on new oil and natural gas drilling permits to June 10. However, the commission left the door open to lifting the ban earlier if the county’s new drilling rules are in place.
Legislators and state government officials in Ohio, as well as industry groups, are discussing a bill that, if enacted, would require oil and natural gas land agents to register with the state and provide homeowners with several disclosure forms.
An appellate court in Pennsylvania on Friday ordered a lower court to reconsider a request by two newspapers to have court records in a water contamination case unsealed.