Sentences with phrase «produce shale oil»

Meanwhile, the never - ending Middle East conflicts support high crude prices, which makes it feasible to produce shale oil in the US.

But Alberta heavy oil is sometimes fetching as little as half the world price due to the competition from U.S. - produced shale oil and a shortage of pipelines to get the crude to the coasts and other refining markets.

Not exact matches

There have been a number of high - profile derailments of trains — including one by UP — carrying shale oil, much of which is produced in new drilling areas without established pipeline networks and must be moved by rail.

The U.S. can produce as much shale oil as it wants, but its Gulf Coast refineries are geared toward heavier kinds of crude that can easily process oil sand bitumen but aren't geared toward the lighter crude coming out of, say North Dakota's Bakken play.

Only the U.S. and Canada were producing oil and natural gas from shale in commercial quantities, the department said.

What's more, the U.S. Energy Information Administration (EIA) just reported that, thanks to the revitalized shale revolution, the U.S. produced over 10 million barrels of oil per day in November, the first time it's done so since 1970.

The cash - and - stock deal marries operations that are broadly complementary in terms of geography as well as giving Marathon extra capacity in the U.S. light crude produced by a booming shale oil sector.

Among commodities, oil prices moved higher as fears about rising US shale production abated somewhat, and market participants began giving more weight to the effectiveness of supply cuts by members of the Organization of the Petroleum Exporting Countries and several other large oil - producing countries.

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.

Less than a year ago major shale firms were saying they needed oil above $ 60 a barrel to produce more; now some say they will settle for far less in deciding whether to crank up output after the worst oil price crash in a generation.

While it's perfectly true that there isn't enough U.S. shale to flood the world with oil, a lot of what there is is historically cheap to produce so as to give crude from the Middle East a real run for its money; and a solid proportion of that production has been sold forward at attractive levels in the futures market ensuring financial stability for U.S. producers.

Gas is easier to produce than oil from shale and other «tight» rocks, and by 2040 the EIA expects US production to be 56 per cent higher than in 2012.

Specifically, oil coming from the U.S. oil shales have doubled and now represent almost 5 million barrels per day of the 9 million barrels per day of oil the U.S. produces.

Many recent articles discussing shale oil production focus on short - term logistics and financing issues and not the major question of how much oil is left to produce.

The final issue is just how much oil is left in the Permian and other shale oil basins that can be produced at wherever oil prices go.

shale oil may be a bubble but countries like Libya Iraq Iran produce nothing compared to their potential / production capacity + there is always offshore exploration recently Morocco seems to be in the spot light not to mention the arctic sea / north pole especially Russia where a new Koweit is to be found and also south China sea Venezuela's tight oil if all the types of oil are included venezuela must be a heaven with a quarter of global oil reserves with +300 billion barrels more than 260 bbls of Saudi Arabia that can still produce more than 10/11 million barrel / day that it's procucing today.

Ene, who spoke against the backdrop of oil crashing to 13 - year lows of below $ 28 / barrel last week, noted that the bearish run may soon fizzle out, whether shale or conventional oil is being produced at above $ 25 / barrel.

To conduct the new study, the researchers collected and analyzed 44 samples of waters produced from conventional oil and gas wells in New York and Pennsylvania and 31 samples of flowback waters from hydraulically fractured shale gas wells in Pennsylvania and Arkansas.

Whether such a quantity can be produced from tar sands and oil shale at a price near (never mind below) $ 30 per barrel is highly uncertain, but more suggestive of Lomborgs confusion in any case is that the price he mentions is higher (according to his own Figure 65) than the price of oil has been for any prolonged period in the last 120 years except for 1979 - 86, in the aftermath of the second (1979) Arab - OPEC oil - price shock.3 This means resources of tar sands and oil shale that would be economically exploitable only at prices around $ 30 per barrel are in fact more expensive than oil has been for nearly all of the last century.

He studied two well - preserved sequences of black shale, a type of rock that often contains organic matter and can produce oil under the right conditions.

Schwietzke said it's also important to account for the emissions from all the fossil fuels that are produced in a given shale gas field because many wells produce oil, natural gas and other hydrocarbons.

The Department also points out that, due to the higher energy requirements of extracting the oil, shale oil produces less energy than conventional oil, coal or wood.

The oil sands are still a tiny part of the world's carbon problem — they account for less than a tenth of one percent of global CO2 emissions — but to many environmentalists they are the thin end of the wedge, the first step along a path that could lead to other, even dirtier sources of oil: producing it from oil shale or coal.

According to the Interior Department shale oil costs between about $ 38 - 65 per barrel to produce, whereas onshore conventional oil costs about $ 19.50 per barrel.

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

«The goal of Sapphire is to produce a crude product that can be introduced into the existing crude stream for production costs that are similar to other new opportunities like oil shales, oil sands, and even deep, deep water drilling,» Jason Pyle, Sapphire's chief executive said in an interview.

By December 2013, a projected 3.84 million barrels of oil per day were being produced by the four main oil - producing shale basins (minus Haynesville and the Marcellus with low oil production).

Estimates of the amount of oil they contain vary hugely, but Navigant, a consultancy, reckons that North America could produce anything from 26.9 - 53.5 trillion cubic metres of shale gas alone, enough to satisfy the world's total current demand for gas for up to 15 years, though at today's prices not all of it would yet be worth extracting.

Relative to conventional sources, shale oil typically produces more pollution to extract, though the extent depends on whether or not the operators avoid wasteful and unnecessary emissions.

He also notes that in 2000, shale produced only 2 percent of our domestic oil and natural gas supply.

Company documents discovered during an eight - month investigation by InsideClimate News show that Exxon Research & Engineering estimated that producing and burning oil shales would release 1.4 to 3 times more carbon dioxide than conventional oil, and would accelerate the doubling of greenhouse gases in the atmosphere by about five years.

I've seen flaring even in South Texas (a place with one of the most dense networks of natural gas pipelines anywhere in the world) the last two years with development of the Eagle Ford shale as the developers produce oil and gas in locations that are new, and thus without pipelines (but in Texas they build them relatively quickly!).

... We will unlock job - producing natural gas, oil and shale energy.»

But for potential foreign purchasers of that oil, the key question is how much extra it will cost to extract the dirty compounds in Alberta bitumen so that its quality matches export oil being produced at high - grade, low - cost US shale formations like the Bakken, Permian, and Eagle Ford.

``...... * FIFTH, I will lift the restrictions on the production of $ 50 trillion dollars» worth of job - producing American energy reserves, including shale, oil, natural gas and clean coal.

Enerfit hopes to eventually produce up to 38,000 barrels of shale oil per day.

Presumably the lower royalty rate would be place to make oil shale production more financial attractive and more of the unconventional source of fuel could be produced.

In terms of additional greenhouse gas emissions, producing fuel from oil shale produces eight times the emissions of making fuel from conventional sources of petroleum.

Since a ton of bituminous coal has 4 boe of energy in it, 100 billion tons of Montana coal would produce 400 billion barrels of shale oil.

At best, oil shale could begin producing oil in noticeable amounts by 2030; at worst, it could remain undeveloped forever because of its low net energy production.

Certain alternative energy «sources» may actually have EROEI ratios of less than one, such as many methods of industrially producing biodiesel and ethanol, or extracting oil from shale.

Take ConocoPhillips, which highlights its «emerging technologies and alternative energy sources» activities on its website — but fails to mention that in April 2012 it divested all of these activities to focus exclusively on its «core business» of exploring for and producing oil and natural gas, and specifically to take advantage of the North American «shale revolution» and tar sands production in Canada.

One problem is that producing oil from shale or oil sands generates significant amounts of carbon dioxide — but a lot of that carbon dioxide comes from producing the hydrogen needed to process the raw materials.

We need our government to level with the public that alternatives to conventional petroleum, including unconventional resources such as oil sands and oil shale (if it can ever produced economically in the US), all cost more.

In what Treehugger writer John Laumer calls the Climate Trifecta,» Bullion Monarch Mining Co., is proposing to produce oil from oil shale using coal gasification, which they label as a «clean coal» technology.

If OPEC is unable to continue their tactics and with US shale producing 7 million barrels a day, thus flooding with oversupply, oil could plunge to $ 30 a barrel.