Sentences with phrase «because shale drillers»

While those oil stockpiles have fallen this year, they haven't come down as quickly as hoped, because shale drillers promptly ramped back up.

Not exact matches

The recent oil shale boom was powered mostly by small firms because larger multinationals like Exxon and BP are structured for big payoff, technically - difficult projects like deep water drilling and Arctic exploration.

At the same time, many argue the OPEC cuts still need to be extended because a $ 60 price signal will spur more shale drilling, putting downward pressure on the market all over again.

The crash in prices meant that shale drillers moved on to greener pastures, and most of them began looking for oil rather than gas because crude fetched $ 70 to $ 80 per barrel.

The EPA's comments, in a series of letters this week to the state's Department of Environmental Conservation, are significant because they suggest the agency will be watching closely as states in the Northeast and Midwest embrace new drilling technologies to tap vast reserves of shale gas.

There is very very little competition in the GOM because people have been investing in shale instead and it's been very hard to get permits to drill (so drill rig rates are very low).

I'm cross-linking because these posts relate nicely to examinations here of the «dread to risk ratio» in arenas ranging from shale gas drilling (a k a fracking) to nuclear power, toxic chemicals to climate.

The Department of Energy's Energy Information Administration has posted a short update on trends in natural gas production in the United States that's worth noting simply because it illustrates the profound nature of the energy transitions that are being propelled by the exploitation of shale deposits using hydraulic fracturing, known best as fracking, along with horizontal drilling.

From the article: There is a lot of talk these days of the U.S. becoming energy independent because of the new horizontal drilling and fracking techniques, which have opened up the vast shale plays across the country.

And from what is now known about all the major US plays (excepting the Moneterey shale, where because of folding and faulting no one has yet figured out how to successfully use the technology), EIA has simply figured out how many more wells could be drilled before all the known pay is fully drilled.

The problem is that treating oil and gas waste from fracked wells remains particularly tricky because the industry is still allowed to keep secret information about which chemicals drillers use when injecting fluids to crack open shale formations to release oil and gas.

Because of the expansion of safe, advanced hydraulic fracturing and horizontal drilling in the past seven to 10 years, oil that was locked in shale and other tight - rock formations now is accessible at a cost that's economical for producers.

The average U.S. household saw its disposable income rise $ 1,337 in 2015 because of lower utility bills and other energy - related cost savings, thanks to natural gas produced from shale with hydraulic fracturing and horizontal drilling.