Not exact matches
US oil exploration companies have flocked to the superrich Permian Basin
in recent years and used shale -
drilling technology to create an oil
boom that simultaneously helped trigger a price crash two years ago.
As detailed
in the first three installments of Power Shift, an NBC News / CNBC special report, the United States is experiencing an energy
boom created by new
drilling technologies that have unlocked vast domestic oil and natural gas reserves.
She agrees that this jar, by itself, proves nothing about the environmental impact of «fracking,» the
drilling technology largely responsible for America's
boom in oil and gas production.
Advances
in horizontal
drilling and hydraulic fracturing over the past 20 years led to a U.S. energy
boom in «unconventionals,» a category that includes the shale gas and «tight» oil found
in shale fields like the Cretaceous Eagle Ford and Mowry and older ones like the Barnett and Bakken.
Mitchell, who died two years ago at age 94, was reportedly among those urging for tighter regulation of the practice, fearing that small, independent
drillers might take dangerous shortcuts as they rushed to participate
in a historic oil
boom.
Tuesday's indictment followed a nearly four - year federal antitrust probe that began after a 2012 Reuters investigation found that Chesapeake had discussed with a rival how to suppress land lease prices
in Michigan during a shale -
drilling boom.
A
boom in natural gas
drilling in the U.S. has caused prices of that commodity to fall precipitously
in recent years.
Drilling for natural gas is
booming in Pennsylvania — thanks to fracturing shale rock with a water and chemical cocktail paired with the ability to
drill in any direction.
They are just beginning to emerge
in Pennsylvania, where the Marcellus Shale
drilling boom began
in earnest
in 2008.
Boom in Arctic Ocean
drilling means hazardous leaks under ice, hidden from sight — but not from sound
Other parts of the country with shale beds («plays»
in industry parlance), such as Wyoming, Colorado, Arkansas, and Louisiana, have experienced similar gas
drilling booms.
A
drilling boom is under way and
in June this year, oil production rose nearly 30 percent compared with the same period
in 2012, to 161,000 barrels of oil each day.
The
boom in oil and natural gas
drilling is deepening the uncertainties, geologists acknowledge.
March 12, 2012 • New
drilling technologies and rising fuel prices have generated a
boom in U.S. oil and gas
drilling.
An oil -
drilling craze that began here
in the 1850s created vast fortunes but would
boom, bust, and eventually dry up
in Pennsylvania, like coal and steel, leaving behind unemployment, a compromised ecology, and faded grandeur by the cubic foot.
On the other hand, the
boom in oil & gas
drillings has grown Timken's tubular business which now accounts for 20 % of sales.
The
boom from the first oil find was so spectacular that after the hundreds of wells already put
in had begun to run dry,
drillers attempted to expand their area of operations uncomfortably close to Santa Barbara.
Walter gave a
booming, outraged speech
in adamant opposition to the
drilling plan.
I've been meaning to post for awhile on «Gas Rush Stories,» a series of simple, but captivating short films on America's gas
drilling boom made by Kirsi Jansa, a Finnish video journalist currently living
in Pittsburgh.
Opponents of expanded gas
drilling have coined the term «frackademia» for university research on the potential impacts of the
boom in shale gas
drilling that involves industry money or experts with industry ties.
A broader question overlaying this particulate debate is how much economic incentive companies have to
drill in the Arctic, which has notoriously bad weather and is open for
drilling for only a few months of the year, when oil production is
booming onshore
in the lower 48 states.
I recently attended a Manhattan screening of «Promised Land,» a new feature film written by and starring Matt Damon and John Krasinski that aims to examine America's natural gas
drilling boom as a case study
in «what happens when real people and real money collide,» as Krasinski explained
in publicity materials.
The low price for gas now, after the
boom years since 2007 or so
in other states (which produced the problems and anger distilled into the film «Gasland «-RRB-, will insure that any
drilling effort plays out at a pace that will be manageable.
I hope you'll read «Applying Creativity to a Byproduct of Oil
Drilling in North Dakota,» a valuable Clifford Krauss feature on baby steps taken by the oil and gas industry to stanch the wasteful, polluting flaring of natural gas from the country's
booming Bakken oil fields
in North Dakota.
Boria reported his agency received more than 140 complaints related to water pollution or gas migration associated with a
boom in nearby conventional
drilling operations (prior to shale gas development).
State geologists had been criticized
in previous years for not making the connection to the water disposal surge from the
drilling boom.
8:21 p.m. Updated The producers of Bloggingheads.TV invited me to join Abrahm Lustgarten of ProPublica
in a discussion of the
drilling boom aimed at the vast deposits of natural gas identified
in deep shale layers and other deposits around North America and, increasingly, the world.
Thanks to fracking, horizontal
drilling, and the shale gas
boom, there is more natural gas at a lower price than there has been
in decades.
Such leaks from coal mines and gas
drilling sites are on the rise as a result of the shale gas
boom in the US.
For example, 44 % of Millennial Republicans support the increased use of offshore
drilling, compared with 75 % of Republicans
in the Baby
Boomer and older generations.
For example, 75 % of Republicans
in the Baby
Boomer and older generations support the increased use of offshore
drilling, compared with 44 % of Millennial Republicans.
Those that have experienced some
drilling activity since the Marcellus
boom began a decade ago, are shown
in red:
I'd rather have a
booming corn economy
in Iowa and Illinois producing ethanol than the Arabs
drilling the Earth and germinating terrorists.
Reuters: The U.S. government on Tuesday jacked up its forecast for oil production next year by 250,000 barrels per day (bpd) as the
boom in shale oil
drilling continues to confound expectations of slower growth.
The
drilling technology has helped usher
in a huge gas
boom but has also triggered much grassroots opposition due to a new set of environmental concerns.
The ability to
drill horizontal oil and gas wells and to «frack» shale by injecting pressurized sand and chemicals into the rock has enabled a huge
boom in natural - gas production over the past decade.
Denver Business Journal: The
boom in oil and natural gas production
in North America, largely due to the new technologies of horizontal
drilling and hydraulic fracturing, is changing the balance of power across the world, former Secretary of State Condoleeza Rice told attendees at the Vail Global Energy Forum.
Jenkins said the current
boom in natural gas is being driven by
drilling techniques that were largely the result of federally funded research and technology since the 1970s.
Measure 5
in North Dakota would earmark oil revenues from the state's
drilling boom strictly for land conservation.
Inside the fight: The recent
drilling boom has left North Dakota
in an enviable financial position.
Technological advances
in hydraulic fracturing and horizontal
drilling have unlocked vast energy resources that were previously inaccessible, leading to the greatest domestic energy
boom in U.S. history.
The Barnett Shale
boom became highly successful with vertical wells, and it was not until 2005 that horizontal wells being
drilled in the Barnett outnumbered vertical wells.
Finally, the Breakthrough Institute has produced excellent evidence that government subsidies for speculative technologies and research over at least 35 years have played a role
in the development of the energy
boom's key technology enablers: 3 - D seismology, diamond
drill bits, horizontal
drilling, and others.
His accession to office coincided (coincidentally) with the widespread adoption of hydraulic fracking to
drill for natural gas, resulting
in a sudden
boom in supplies and a rapid drop
in price, to the point where gas began to supplant coal as the fuel of choice for American power plants.
America's energy
boom can almost entirely be attributed to technological innovations
in hydraulic fracturing and horizontal
drilling.
Drilling accidents, which can and do happen, can have a profound impact on these industries, and the
boom - bust cycle of energy extraction can irreparably change the way of life
in rural communities.
The U.S. is
in the midst of an energy
boom due mainly to the widespread use of hydraulic fracturing, or fracking, and horizontal
drilling.
Meanwhile, the ongoing American shale gas
boom — powered
in part by decades of federal investments
in shale
drilling technologies — is accelerating the closure of US coal - fired power plants.
The recent
boom in drilling along the Marcellus Shale has been,
in many ways, good for our area.
While this
boom creates low unemployment and increased investment options (including real estate)
in many secondary and tertiary markets where
drilling is prevalent, natural gas exploration is not without risk and cost, including increased carbon emissions, groundwater contamination, reduced economic activity
in alternative energy sectors and the potential for
boom - and - bust local economies susceptible to rapid declines
in production.