Sentences with phrase «production from shale»

A good example is a story that we at TreeHugger have been following (often using ProPublica as a source): Natural gas production from shale, and its effect on our water supplies.

Rising production from shale gas resources has been credited with both lower natural gas prices and declining dependence on imported natural gas.

the likely ultimate production from shale gas wells, the resulting conclusions are not significantly

While natural gas production from shale formations has significantly increased domestic production, there is ongoing investigation of potential environmental concerns related to shale gas development, including carbon emissions and possible groundwater contamination.

Kevin Bullis, MIT Technology Review's senior editor for energy, has a piece noting that the most significant advances in the energy field the past year resulted from surging natural gas and oil production from shale via hydraulic fracturing — an impact Bullis says is unlikely to be unsurpassed by other energy sectors in the near future:

No mention of the quick drop off of well production from shale gas.

Unconventional oil and natural gas production from shale is an American phenomenon.

Natural gas prices and price volatility have been relatively low ever since then — largely thanks to abundant domestic production from shale and other tight - rock formations.

Expanded natural gas production from shale formations is one of the main reasons that gas - fired generation has developed a competitive advantage.

He argues in a series of recent reports to clients that, because of the rapid expansion of oil and gas production from shale, America is likely to become by 2020 the world's No. 1 producer of oil, gas and biofuels — eclipsing even the energy superpowers, Russia and Saudi Arabia.

New production from shale should make the country a net exporter within a decade.

The U.S. Energy Information Administration (EIA) reports that the two plays provided 85 percent of U.S. shale gas production growth since the start of 2012, reflecting the blossoming production from shale and other tight - rock formations through safe fracking.

The rapid increase in domestic natural gas production from shale reserves has significantly impacted the economics of coal fuels used for power and heat in recent years.

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.

US crude oil production shattered a 47 - year output record in November, and then retreated slightly in December, the Energy Information Administration said on Wednesday, as oil production from shale continued to upend global supply patterns.

- Chevron (NYSE: CVX) said it would invest $ 4 billion in the Permian Basin in 2018, and the oil major has plans to ramp up production from the shale basin to over 400,000 bpd over the next few years.

Production from shale has helped keep a lid on crude oil prices at about $ 120 a barrel, giving western countries leverage to impose sanctions on Iran, a key supplier.

Production from shale «has been the incremental barrel for years.

Not exact matches

The fracking - enabled boom in production of shale oil has filled the gap from coal since 2010.

Then, higher oil prices could also spur more production from areas outside the hottest U.S. shale play.

Hope for exporting Canada's surplus production, especially from the mammoth shale fields in northeastern B.C., now rests on the construction of terminals on the B.C. coast to liquefy the gas and ship it to Asia, where prices are currently six times higher than they are here.

The increase in domestic production barely moved the supply needle during the first few years of the shale boom because it was merely offsetting the production shut - ins from war - ravaged Libya and Iraq.

The price of oil collapsed from near $ 120 a barrel in June 2014 due to weak demand, a strong dollar and booming U.S. shale production.

The state's oil production grew tenfold over the past decade as it built a thriving oil shale industry virtually from scratch, driving unemployment to a national low and filling government coffers with surging tax revenue.

American domestic production has been rising since 2006, thanks to innovations in extraction techniques that have enabled producers to get blood from stone in places like the Bakken formation in North Dakota and the Eagle Ford shale bed in Texas.

This is coming at a time when shareholders are demanding financial discipline and a better return on investment from shale drillers, another development that Papa believes will hold back production growth.

Refiners in the U.S. Midwest, Ontario, Alberta, B. and Washington get their raw material from the Western Sedimentary Basin, production from which is growing thanks to the Alberta oilsands, the Bakken field in Saskatchewan and North Dakota and oil shales in the Rocky Mountain states.

Even production from prolific shale plays like the Bakken, which straddles North Dakota and southeast Saskatchewan, are at risk.

Of course, supply and demand will have to balance out over time, and more Iranian crude will force a larger adjustment from U.S. shale, so U.S. oil production could see a deeper contraction.

Not long ago, US shale production, which now doubles the output from the oil sands, was off the radar.

U.S. oil and natural gas production from Pennsylvania could help power Ontario and Quebec for instance, even as Canadian shale flowed through pipelines from Alberta to the U.S. Infrastructure matters a lot in these settings, especially given the difficulties most companies are facing in building new pipelines (Exhibit A: see the Dakota Access Pipeline).

Although supply has returned to the market over the short term — due to a combination of increased production from US shale producers and the easy availability of capital via debt and equity markets — I'm expecting supply growth to moderate over the long term as capital becomes more expensive and less available to marginal energy producers.

Natural Gas Natural gas futures were among the quarter's key decliners -LRB--7.5 %, to US$ 2.73 per million British thermal units) as production growth outweighed seasonal consumption and higher exports of the fuel.1 Spot prices saw an even larger drop of 20.6 % (to US$ 2.81) as the support of December's weather - related demand spikes faded and a more normal winter pattern developed.1 Natural gas generally took its downward price cues from elevated US production and growth in the natural gas - focused rig count, which increased from 179 to 194 in March alone.2 Despite the price drop, traders remained optimistic given surging US shale - gas exports and a supply deficit that was 20 % larger than the five - year average at March - end, the biggest in four years.3 Moreover, total natural gas inventories of 1.38 trillion cubic feet were nearly 33 % below their year - ago level.3 Meanwhile, the market appeared focused on an anticipated production surge (2018 is projected to be a record growth year for gas supplies) and may have overlooked intensifying demand as US exports increasingly helped drain supplies.

New shale oil well productivity drove U.S. production higher in the last few years, with the average daily rate for the first month of operation rising from less than 100 Continue Reading

This production is largely from shale plays in the Appalachian basin.

But the only thing that seems to cause shale drillers to reduce spending — and therefore production — is lower oil prices, since the cash flow from crude is their lifeblood.

Shaken by shale oil production in the United States, softening demand from China and Europe, and rising global concern about climate change, Canada's tar...

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.

Natural gas producers in the US Southeast are beginning to yield dividends from a bid to reverse declining production in one of the region's seemingly forgotten shale plays.

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.

China has cut resources tax on shale gas production by 30 percent from April 1, the Ministry of Finance said on Tuesday, as the world's largest energy consumer aims to Continue Reading

This production is largely from shale plays Continue Reading

Now, investors are eyeing an OPEC meeting on November 27 to see whether the organization could even cut prices further in an attempt to retain its global market share, particularly in the face of competition from the U.S. where oil production has increased thanks to the shale gas industry.

In the September 2013 Quarterly Report we wrote that, by 2015, increasing production from US shale oil would be «easily absorbed by an estimated incremental demand of 4 million barrels from non-OECD countries over the same time frame».

Oil production from US shale currently equates to less than 5 million barrels of oil per day out of total US production of slightly more than 9 million per day.

The Kingdom will have to contend with increased production from Iran and Iraq, along with tackling the U.S. shale oil producers.

Saudi Arabia is likely to continue its policy of maintaining high crude production, which keeps oil prices from rebounding until high - cost producers like U.S. shale frackers curtail output, Kilduff said.

Gains in Texas crude oil production come primarily from unconventional tight oil and shale reservoirs in the Eagle Ford Shale in the Western Gulf Basin and the Permian Basin in West Texas.

Thanks to cheaper supply from shale gas production, projects are already underway to convert to natural gas.

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