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.
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.
Under his leadership, EOG Resources developed a reputation as an innovator in
drilling processes and
technology in that nation's premier
shale fields.
American
shale drillers using the same
technology have flooded their domestic market in recent years, pushing out higher - cost Canadian supply.
Oil production is soaring from
shale formations in Texas and North Dakota using hydraulic fracturing and directional
drilling technology.
In our Special Energy Report: An American Energy Renaissance, we highlight that just a few years ago investors were contemplating the supply constraints facing the petroleum industry, but with the disruptive
technology in
shale oil and gas in the U.S., we could now be looking at decades of
drilling ahead.
New York hasn't issued permits for
shale gas wells using horizontal
drilling and fracking since it began its review of the controversial
technology in 2008.
The EPA's comments, in a series of letters this week to the state's Department of Environmental Conservation, are significant because they suggest the agency will be watching closely as states in the Northeast and Midwest embrace new
drilling technologies to tap vast reserves of
shale gas.
A series of letters suggests the agency will be watching closely as states in the Northeast and Midwest embrace new
drilling technologies to tap vast reserves of
shale gas
In the 1990s, new
drilling technology developed in Texas made recovering gas from
shale far more efficient.
Most of the wells in the basin are
drilled into «tight sand» formations that require the same fracking
technology being used in
shale formations.
Early
shale fracturing and directional
drilling technologies developed by the Energy Research and Development Administration (ERDA, later the Department of Energy), the Bureau of Mines, and the Morgantown Energy Research Center (later the National Energy
Technology Laboratory);
He added: «There has been a revolution in the US with the
shale gas
technologies, with the fracking, the horizontal
drilling.
The government hopes to revive domestic natural gas production with the
technology that has transformed the energy picture in the United States — horizontal
drilling into deep underground
shale, and high - pressure injection of water, sand, and chemicals to create fissures in the rock to release the gas.
And from what is now known about all the major US plays (excepting the Moneterey
shale, where because of folding and faulting no one has yet figured out how to successfully use the
technology), EIA has simply figured out how many more wells could be
drilled before all the known pay is fully
drilled.
The quote from Mitt Romney's (allegedly «ghostwritten») book points to the conclusion that the USA should do more oil and gas exploration («
drill, baby,
drill») including
shale deposits, to get more «energy independent» (combined, of course, with supporting basic research for new energy
technologies).
The latest example of how wrong the Malthusian - influenced doubters have been is provided by fracking, horizontal
drilling, and associated
technology applied particularly to extracting oil and natural gas from
shale formations.
Will we encourage industry investments, innovations and advanced
technologies — including hydraulic fracturing and horizontal
drilling that unlocked vast reserves of
shale energy?