With proper regulation, greenhouse gas (GHG) emissions from shale gas operations should represent only a small part of the total carbon footprint of shale gas and would fall within the nontraded sector of the United Kingdom’s carbon budgets, according to the Department of Energy & Climate Change (DECC).
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California Passes Fracking Bill; Governor to Sign
California’s legislature late Wednesday passed a heavily amended bill (SB 4) aimed at regulating the oil/natural gas practice of hydraulic fracturing (fracking), and Gov. Jerry Brown said he intends to sign the measure. For different reasons, industry, environmental and some major news media expressed displeasure with the version of SB 4 that ultimately passed both houses of state’s legislature.
September 13, 2013
Linn Bolts On Permian Acreage as Berry Merger Advances
Linn Energy LLC is buying Permian Basin oil and gas properties for $525 million, acquiring 30 million boe of proved reserves (about 70% oil) with a reserve-to-production ratio of about 17 years.
September 13, 2013
EOG Expecting to ‘Grow Gas Again’ in 2014 and Beyond
EOG Resources Inc. CEO William Thomas said Wednesday the unconventional natural gas drilling pioneer plans to keep its onshore oil and liquids drilling strong but would “grow gas again” beginning in 2014. Plans to sell more of the company’s dry gas inventory also have been postponed.
September 13, 2013
DOE’s LNG Action Could Mean Marcellus ‘Relief Valve’
The U.S. Department of Energy (DOE) this week gave Marcellus Shale gas producers hope for a waterborne route to market for the product that they have so much of.
September 13, 2013
House Coalition Cites Shortcomings of Interior’s Fracking Rule
Rep. Jared Polis (D-CO) and 14 other House Democrats have called on Interior Secretary Sally Jewell to strike a balance among oil and natural gas development, the environment, and the public health in the department’s final hydraulic fracturing (fracking) rule.
September 12, 2013
EPA Formally Ends Inquiry into Pavillion Water Contamination
The U.S. Environmental Protection Agency (EPA) said it is discontinuing the public comment period of its draft research report on alleged groundwater contamination from natural gas wells drilled near Pavillion, WY, which formally brings the agency’s inquiry into the matter to a close.
September 12, 2013
Midstates Shares Soar on Operations Update
An acquisition of acreage and production in the Anadarko Basin last spring is paying off for Midstates Petroleum Co. Inc., according to the company’s operations update released Wednesday. The news cheered investors, who lifted Midstates shares more than 14% Wednesday.
September 12, 2013
Appalachian Gas Should Go West, Says REX CEO
With up to 18 Bcf/d of natural gas supplies expected by 2018 from the Marcellus and Utica shales, the logical place to carry excess gas is west, according to Rockies Express Pipeline LLC (REX) CEO Bill Moler.
September 12, 2013
Continental Readies for Big Bounce in Bakken, SCOOP
Oklahoma City’s Continental Resources Inc. is preparing for a 26-32% increase in oil and natural gas production in 2014, CEO Harold Hamm said Tuesday.
September 12, 2013
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