A research team led by the University of Texas at Austin (UT), with input from nine of the nation’s leading natural gas producers and a conservation group, on Wednesday announced they are collaborating on a major field study to measure methane emissions at onshore gas well sites, about which only a handful of empirical data exist.
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Statoil plans to boost its North American production from less than 100,000 boe/d in 2011 to more than 500,000 boe/d in 2020. In the Bakken and Three Forks shale plays of North Dakota, the company said it will get its oil to market through greatly expanded use of rail transport beginning in September.
Monster U.S. oil supply growth will force domestic producers to curtail onshore activity in the upcoming weeks but it won’t be soon enough for 2013 oil prices, which likely will be “uglier than expected,” Raymond James & Associates Inc. analysts said Monday.
Exploration and production companies have heeded the call to improve transparency and institute better practices, but there’s more to do to address the concerns of stakeholders in the shale plays, a Range Resources Corp. executive said last week.
Life cycle greenhouse gas (GHG) emissions from Marcellus Shale natural gas are 20-50% lower than coal for electric generation, according to a new Carnegie Mellon University (CMU) study.
The Environmental Protection Agency (EPA), with input from the departments of Interior and Energy, industry and the states, is expected “very shortly” to issue permitting guidance to oil and natural gas producers on the use of diesel in hydraulic fracturing (fracking), said EPA Administrator Lisa Jackson last Tuesday.
The Environmental Protection Agency (EPA), with input from the departments of Interior and Energy, industry and the states, is expected “very shortly” to issue guidance to oil and natural gas producers on the use of diesel in hydraulic fracturing (fracking), said EPA Administrator Lisa Jackson Tuesday.
The Delaware River Basin Commission (DRBC) is giving the public another month to comment on proposed regulations for natural gas development in the four-state watershed. The federal/interstate agency will now take comments through April 15.
March natural gas futures ground lower in light trading Friday as traders noted little in the way of new weather input and a nonresponse to January employment figures. At the closing bell March had shed 2.7 cents to $4.310 and April had slipped 1.5 cents to $4.342. March crude oil tumbled $1.51 to $89.03/bbl.
The Commodity Futures Trading Commission (CFTC) plans to hold a series of hearings this month and in August to seek input from the public on how the agency should use all of its existing authorities to protect the integrity of the futures markets, said Chairman Gary Gensler. The first hearing will focus on whether federal speculative limits should be set by the CFTC on all commodities of finite supply, particularly energy commodities such as crude oil, natural gas, heating oil and gasoline.