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.
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Conservancy Group Advocating Cooperation in Utica Shale
The head of the Western Reserve Land Conservancy (WRLC) said the organization is not opposed to Utica Shale development and hydraulic fracturing (fracking), but wants to see the industry, landowners and other stakeholders come to an agreement over developing eastern Ohio’s portion of the play.
Pennsylvania, Shell Officials Say Due Diligence Continuing on Cracker
Contrary to a media report, there is no time frame for when a subsidiary of Royal Dutch Shell plc will make a decision over whether to build a proposed “world scale” ethane cracker in western Pennsylvania, state and company officials told NGI’s Shale Daily.
Safety of Marcellus Shale Gathering Lines to Be Federally Regulated?
The federal government is considering the possibility of regulating the safety of gathering lines that serve the Marcellus Shale play in Pennsylvania, the head of the Department of Transportation’s Pipeline and Hazardous Materials Safety Administration (PHMSA) told a Senate panel Monday.
PwC: Shale Gas Transforming U.S. Chemicals Industry
The shale natural gas market in North America is helping to revamp the U.S. chemicals industry and may benefit a variety of other manufacturing sectors through lower costs for raw materials and energy, according to a report issued on Tuesday by PwC US.
Cabot Hits Record Output in Marcellus
Cabot Oil & Gas Corp. announced Tuesday that its gross production in the Marcellus Shale has averaged more than 700 MMcf/d for the last two weeks, hitting a record 752 MMcf for one 24-hour period.
Societe Generale: More Bears in Sight for U.S. Gas Markets
The U.S. natural gas supply situation remained bearish at the end of March, despite “historic lows” in Canadian imports and the dry gas Haynesville Shale continuing to lose popularity among exploration and production (E&P) players, according to a review by Societe Generale’s Laurent Key and Stephanie Aymes.
Societe Generale: More Bears in Sight for U.S. Gas Markets
The U.S. natural gas supply situation remained bearish at the end of March, despite “historic lows” in Canadian imports and the dry gas Haynesville Shale continuing to lose popularity among exploration and production (E&P) players, according to a review by Societe Generale’s Laurent Key and Stephanie Aymes.
The Next NGL Problem in Marcellus: Propane
With the Marcellus and Utica shale ethane situation under control for the moment, propane is becoming the next natural gas liquid (NGL) to trouble producers in Appalachia.
Pennsylvania DEP Returns to Site of Condensate Pipeline Leak
Inspectors with the Pennsylvania Department of Environmental Protection (DEP) returned to the site of a condensate leak in Washington County on Tuesday to take soil and water samples near a natural gas well owned by a Chevron Corp. subsidiary.