Not exact matches
CEO Randy Eresman noted in the Calgary - based company's 2011 year - end results: «For the industry as a whole,
near - term
natural gas prices are at levels below what it costs to add most new production, and in some places, may even be below what it costs to produce from existing
wells.»
In September 2009, Range Resources began drilling a
natural gas well near the home of Beth Voyles in one of the most heavily drilled counties in southwestern Pennsylvania.
Increased use of
natural gas is the
best bet for cleaner energy in the
near term, agreed fellow panelist John Reilly, a senior lecturer at M.I.T.'s Sloan School of Management and co-director of the school's Joint Program on the Science and Policy of Global Change.
«Many reports have been written on the contamination of air and water by volatile organic compounds
near natural -
gas well sites,» said Verner, who is also a researcher at the Public Health Research Institute.
Townsend - Small says water samples finding
natural gas - derived methane in
wells near Pennsylvania fracking sites were taken only after fracking had occurred, so methane levels in those
wells were not documented prior to or during fracking in Pennsylvania.
Whether smaller - scale coal plants make economic sense is another matter, particularly as the cost of producing renewable energy comes down, and
natural gas prices remain at
near - historic lows,
well under $ 3 / MMBtu.
Natural gas is burned off next to water reservoirs used for fracking at an oil
well site August 23, 2011
near Tioga, N.D.
As the ICF report shows,
natural gas is a significant engine of economic growth — as
well as the main reason U.S. carbon emissions from electricity generation are
near 30 - year lows.