Sentences with phrase «oil shale formations»

That EROEI similar to infinity that renewables possess makes cooking oil out of oil shale formations a completely reasonable thing to undertake.

The industry also faces stiff competition from a flood of U.S. oil unleashed from oil shale formations by hydraulic fracturing, or fracking.

Not exact matches

The largest oil producer in North Dakota's Bakken shale formation posted a net profit of $ 15 million, or 16 cents per share, in the quarter ended March 31, compared with a loss of $ 87 million, or 96 cents per share, a year earlier.

The pace of oil and gas production gains has consistently surprised forecasters since horizontal drilling and hydraulic fracturing, better known as «fracking», were pioneered in U.S. shale rock formations about ten years ago.

Workers with Raven Drilling line up pipe while drilling for oil in the Bakken shale formation outside Watford City, North Dakota.

Papa, CEO of Centennial Resource Development, is a closely followed figure in the U.S. shale drilling world, where producers rely on advanced techniques to coax oil and gas from tight rock formations.

Money's shifting toward U.S. shale oil plays, as well as a formation that straddles the Alberta-B.C.

Every year, moreover, producers add to global reserves, whether through unlocking natural gas shale formations, oil sands bitumen plays, or drilling deep into the ocean floor.

One portion of the giant field, known as the Wolfcamp formation, was found to hold 20 billion barrels of oil trapped in four layers of shale beneath the desert in West Texas, the U.S. Geological Survey said in a report on Tuesday.

Getty Images Floor hands work on an oil rig in the Bakken shale formation outside Watford City, North Dakota.

His company, Knightsbridge Risk Management, a private security firm in Dallas that serves the oil and gas industry, is getting calls from companies that want to plan ahead in case they shut down drilling operations in North Dakota and the Bakken shale formation.

The boom in unconventional fuels — such as bitumen extracted from Alberta's tar sands and oil extracted from North Dakota's Bakken shale formation by hydraulic fracturing («fracking»)-- has swelled global reserves even as climate scientists issue ever - sterner warnings that burning more than a small fraction of these reserves would be suicidal.

A drilling technique known as hydraulic fracturing in shale rock formations — fracking — in the U.S. produced large amounts of crude oil, natural gas and other petroleum products.

In addition, U.S. Gulf Coast refineries that Keystone XL will feed are designed to run heavy crude, such as Alberta's, as opposed to the light - grade oil from the shale formations.

Since 2008, he's called practically every major shale play before the mainstream press got wind of them — including the now - famous Bakken oil formation and the companies that have raked in billions in profits for their shareholders.

Yes, the resurrection of Keystone XL comes amid predictions that U.S. light oil from shale formations in North Dakota and Texas is poised to surge again as crude prices improve and regulations are relaxed.

His travels took him on a whirlwind sojourn, from the massive shale gas deposit in the Marcellus Formation to Alberta's remote oil sands region, helping his readers build life - changing wealth every step of the way.

Oil production is soaring from shale formations in Texas and North Dakota using hydraulic fracturing and directional drilling technology.

In a world of falling prices, however, it will be high cost production from shale formations and the oil sands, not the low cost conventional crude from places such as Saudi Arabia and Iran that will be hit the hardest.

«By measuring naturally occurring ammonium and iodide in numerous samples from different geological formations in the Appalachian Basin, including flowback waters from shale gas wells in the Marcellus and Fayetteville shale formations, we show that fracking fluids are not much different from conventional oil and gas wastes,» said Jennifer S. Harkness, lead author of the study and a PhD student at Duke's Nicholas School of the Environment.

A rush to invest and drill Top producers Chesapeake Energy and Exxon Mobil Corp., along with hundreds of big and small oil and gas producers, are pouring billions of dollars into developing North American shale formations.

Nutrient - rich ash from an enormous flare - up of volcanic eruptions toward the end of the dinosaurs» reign kicked off a chain of events that led to the formation of shale gas and oil fields from Texas to Montana.

The concept of staged separation has been used in production from conventional oil reservoirs, but has not been widely applied in the production of liquids from shale formations.

But the compounds used to crack shale formations to release their gas and oil reserves are under increasing scrutiny.

Roosevelt, which lies in the heart of the Bakken shale formation, is surrounded by oil and gas development.

The formation, composed of layers of shale and hydrocarbons, is beneath land that has been the site of conventional oil and gas drilling since the 1880s, when American oil companies first began operating.

In a review of the potential health impact of fracking, which involves the pumping of water and chemicals into dense shale formations to push out gas and oil, Public Health England (PHE) said any health impacts were likely to be minimal.

Also at stake are a number of high profile U.S. politicians who have staked, to a large degree, their upcoming reelection by campaigning on the claimed successes of the oil and gas companies operating within their state's shale formation.

Yet another train carrying volatile crude oil from the Bakken shale formation in North Dakota derailed yesterday, this time in northwestern Illinois near the historic tourist area of Galena overlooking the Mississippi River.

Of the 800,000 b / d increase in actual field production of crude oil, almost all of the gain has come from shale and other tight formations that horizontal fracturing methods have only recently opened up.

The recent growth in unconventional oil production from the Bakken (North Dakota), Eagle Ford (Texas) and other tight oil plays has drawn attention to the potential of shale in California's Monterey Formation.

In many respects, North Dakota has been the top success story in the U.S. over the past couple of years, thanks to the huge impact of oil and gas development in the Bakken shale formation.

Fracking (hydraulic fracturing) rock fracturing with pressurized liquid creating cracks in deep - rock formations through which shale gas, oil, tight gas and brine will flow more freely... major part of the Golden Age of Gas

We should invest in the technology that can help us recover more from existing oil fields, and speed up the process of recovering oil and gas resources in shale formations in Montana and North Dakota; Texas and Arkansas and in parts of the West and Central Gulf of Mexico.

Industry innovators took a process used for more than 60 years, modernized it and married it with it with advanced horizontal drilling to safely unleash previously inaccessible oil and natural gas reserves from shale and other tight - rock formations.

Oil from the Bakken shale formation is one reason why North Dakota has one of the lowest unemployment rates in the nation, at 3.2 percent in June.

One reason is recent advances in production — particularly in the oil and natural gas found in shale rock formations.

For example, the only large oil producing «shale» formation which seems to be very competitive is the Permian Wolfcamp and nearby zones.

Hydraulic fracturing is modern technology, safely and responsibly developing vast reserves of oil and natural gas from shale and other tight - rock formations.

Hydraulic fracturing, or fracking, a technique to remove natural gas and oil from shale formations, has been under withering assault from environmental groups for much of the last decade.

Hydraulic fracturing is a modern technology, safely and responsibly developing vast reserves of oil and natural gas from shale and other tight - rock formations.

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.

The U.S. shale oil boom is becoming its own worst enemy, say industry analysts, who see the supply glut pushing the price of oil so low it may become uneconomical to pry petroleum from those tight rock formations.

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 revolution is a shale energy / fracking revolution, carried along by the combination of modern hydraulic fracturing and advanced horizontal drilling that unlocked vast reserves of oil and natural gas in shale and other tight - rock formations.

The shift is the result of surging oil and natural gas production using advanced hydraulic fracturing and horizontal drilling, harnessing oil and gas reserves in shale and other tight - rock formations.

Tight oil plays, mostly from shale formations, accounted for 33 percent of all the crude oil and lease condensate proved reserves.

Comparison of the 2011 and 2013 reports ARI report coverage 2011 Report 2013 Report Number of countries 32 41 Number of basins 48 95 Number of formations 69 137 Technically recoverable resources, including U.S. Shale gas (trillion cubic feet) 6,622 7,299 Shale / tight oil (billion barrels) 32 345 Note: The 2011 report did not include shale oil; however, the Annual Energy Outlook 2011 did (for only the U.S.) and is included here for completeness.

Second, while the 2011 report focused exclusively on natural gas, recent developments in the United States highlight the role of shale formations and other tight plays as sources of crude oil, lease condensates, and a variety of liquids processed from wet natural gas.

Since recent events have demonstrated the relative environmental soundness of hydraulic fracturing — a technique for extracting oil and gas from shale formations — Promised Land's script has been altered to make doom - saying environmentalists the tools of oil companies attempting to discredit legitimate «fracking» concerns.