Calling development of the Marcellus Shale play “a great opportunity” for New York, the Public Policy Institute of New York State Inc. (PPI) said a scenario where 500 gas wells were drilled every year in the state would create 62,620 jobs, $2.7 billion in added value and $1 billion in local, state and federal tax revenue.
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Report: U.S. Energy Security Risks Worsened in 2010
The energy security risks of the United States worsened significantly in 2010, but shale gas has the potential to improve the security of natural gas supplies and lower energy costs, according to the second edition of an annual report by the U.S. Chamber of Commerce’s Institute for 21st Century Energy.
Shale Gas to Spur a National Reordering of Pipe Systems
Continuing flat energy demand in a time of record hydroelectric supplies has natural gas stakeholders in the Pacific Northwest watching as the shale gas boom redefines energy delivery patterns and markets. As Ruby Pipeline on Thursday brought an added 1.5 Bcf/d of gas capacity into the West, these stakeholders told NGI’s Shale Daily that a national reordering of gas delivery systems needs to take place before gas’ future role in the region can be determined.
Marcellus Spending Could Near $13B This Year
Economic activity in the Marcellus Shale quadrupled between 2008 and this year, according to an industry-backed study released Wednesday.
Arkansas Injection Wells Face Closure
Staff of the Arkansas Oil and Gas Commission (AOGC) has recommended the permanent shut-in of saltwater disposal wells in an area north of Conway, AR, in the Fayetteville Shale where a recent earthquake swarm is thought to have resulted from waste injection activities.
Permanent Shut-In of Fayetteville Disposal Wells Recommended
Staff of the Arkansas Oil and Gas Commission (AOGC) has recommended the permanent shut-in of saltwater disposal wells in an area north of Conway, AR, in the Fayetteville Shale where a recent earthquake swarm is thought to have resulted from waste injection activities.
North Carolina Fracking Study Bills Nearing Passage
Two separate bills calling for a comprehensive study of hydraulic fracturing (hydrofracking) in North Carolina — a state where the practice is currently illegal — are expected to be sent to Democratic Gov. Bev Perdue this week.
Pennsylvania Proposals Aim to Lower Personal Taxes
The debate over taxing shale gas production in Pennsylvania is increasingly focusing on where the money would go, as two Philadelphia-area Republican lawmakers proposed severance taxes last week designed to ease the tax burden on individuals.
Storm Threat Wanes, Not Heat; Prices Mixed
The double-digit advances that pervaded the market Monday were disappearing rapidly Tuesday except in the Northeast, where forecasts are getting hotter. Close-to-flat numbers were common outside the Northeast, and small losses were resurfacing in the price mix for the first time since one last Friday.
Lights Out at FERC for Second Day
FERC’s doors were closed for a second day in a row Thursday due to a power outage that has affected the North Capitol Street corridor in Washington, DC, where the agency’s headquarters is located.