Lies

The Interior Department is “very close” to releasing rules governing the use of hydraulic fracturing (fracking) of oil and natural gas wells located on public lands, Secretary Sally Jewell said Tuesday in her first appearance before Congress.

Lawsuits have been filed in federal and state courts over a part of North Dakota’s prosperous Bakken Shale that lies under the Fort Berthold Reservation, which according to the state’s latest statistics makes up nearly 20% of the play’s ever-growing oil production.

Carrizo Oil & Gas Inc. has nearly completed a vertical test well in New York State’s portion of the Marcellus Shale and will make its next move in the play once geological samples are analyzed and regulatory uncertainty in the state clears.

If there is a “bet-the-farm” opportunity in natural gas infrastructure, it lies in the potential production growth in the Utica and Marcellus shale formations, according to Mark McGettrick, CFO of Dominion Resources in Virginia.

It’s no exaggeration that the shale gas boom has “momentous” implications and it is “revolutionary” in an historic perspective, according to ExxonMobil Corp.’s Paul Greenwood, who spoke Tuesday at the LDC Gas Forum Midcontinent meeting in Chicago.

Between Alaska’s North Slope, where there is a lot of gas, and the Lower 48, where there also is a lot of gas, lies Alaska’s Southcentral region, where there is not so much. The region’s utilities comprise a group that believes the time is now to begin developing liquefied natural gas (LNG) import capability to head off a 2 Bcf supply shortfall projected to occur in 2014 and grow in the following years.

The Interior Department’s Minerals Management Service (MMS) believes “substantial amounts” of natural gas could exist in the North Aleutian Basin, which lies in the southern Bristol Bay region of the Bering Sea off the northern shore of Alaska, the Governmental Accountability Office (GAO) told Congress.

The Interior Department’s Minerals Management Service (MMS) believes “substantial amounts” of natural gas could exist in the North Aleutian Basin, which lies in the southern Bristol Bay region of the Bering Sea off the northern shore of Alaska, the Governmental Accountability Office (GAO) told Congress.

The Interior Department’s Minerals Management Service (MMS) believes “substantial amounts” of natural gas could exist in the North Aleutian Basin, which lies in the southern Bristol Bay region of the Bering Sea off the northern shore of Alaska, the Governmental Accountability Office (GAO) told Congress.