The Bowland-Hodder Shale of northern England has between 822 and 2,281 Tcf of natural gas in place, according to a new study that is the first to integrate all existing seismic data, geological analyses and well samples from the shale, the British Geological Survey (BGS) said Thursday. The assessment is higher than earlier estimates.
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DNV Recommends Transparent Global Shale Practices
Det Norske Veritas (DNV), a Norwegian-based risk management foundation, has published recommended practices (RP) to guide operators that extract shale natural gas.
Congress Refuels NGVs in Fiscal Cliff Action
The natural gas vehicle (NGV) sector was one part of the economy that benefited from Congress’ fiscal cliff action on Tuesday, gaining new life from the extension of clean vehicle tax incentives.
New Brunswick Premier Pushes for More Shale Gas Research
Asserting that a complete moratorium on shale exploration “would limit the potential” for research, the government of the Canadian province of New Brunswick said Tuesday it intends to continue to identify and act on the opportunity for greater scientific work to be done relating to shale gas exploration.
Colorado Governor: Blanket ‘No Fracking’ Policy Makes No Sense
Colorado Gov. John Hickenlooper said Wednesday the state hopes to avoid a lengthy court battle with the City of Longmont over newly enacted natural gas and oil drilling regulations, which challenge the state’s authority to regulate energy operations.
Researchers: Housing Shortage Affects Eagle Ford Workers, Locals
As the Bakken and Eagle Ford shale plays have shown, oil and gas wells go up long before there are enough homes for all the workers who flock to the energy patch for high-paying jobs. A study released Tuesday intends to lay out a strategy for Eagle Ford counties in South Texas to meet regional housing needs over the next 10-15 years.
Ohio Panel OKs New Drilling Rules; More Inspectors Coming
A legislative panel in Ohio has cleared four rules proposed by the Ohio Department of Natural Resources (ODNR), which include new requirements for the permitting and construction of oil and natural gas wells and rules governing hydraulic fracturing (fracking).
CFTC Inspector Drops Position Limits Misconduct Probe
There is no evidence that the Commodity Futures Trading Commission (CFTC) acted in a potentially criminal manner when establishing its position limits rule to curb speculation in energy markets, according to a report of a preliminary investigation conducted by the agency’s Office of Inspector General (OIG).
CFTC OIG Drops Probe of Alleged Position Limits Rule Misconduct
There is no evidence that the Commodity Futures Trading Commission (CFTC) acted in a potentially criminal manner when establishing its position limits rule to curb speculation in energy markets, according to a report of a preliminary investigation conducted by the agency’s Office of Inspector General (OIG).
Total Takes 25% Stake in Chesapeake’s Utica Leasehold
As has been rumored for weeks, French energy giant Total SA is paying $2.32 billion to acquire a one-quarter stake in Chesapeake Energy Corp.’s massive Utica Shale leasehold in Ohio in the second big partnership targeting unconventional oil and gas between the companies.