Sentences with phrase «shale natural»

climate - legislation conoco - phillips domestic - energy energy - policy natural - gas natural - gas - from - shale natural - gas - supply

The rise of cheap and plentiful shale natural gas is hastening the fall of older, coal - fired power plants.

Low - cost shale natural gas has made North America — specifically the United States — a more competitive region for petrochemical producers.

A pair of noteworthy items point to the sustainability of America's shale natural gas revolution — and also its added benefits.

Proved reserves of shale natural gas increased from 159.1 trillion cubic feet in 2013 to 199.7 trillion cubic feet in 2014 (an increase of 40.6 trillion cubic feet)-- 25 percent higher than in 2013.

It's also an economic dynamo; shale natural gas and oil projects in just one region, the Marcellus shale, were responsible for more than 72 million man hours 5 of direct and indirect labor construction hours from 2008 through the first half of 2014.

[page 253] Thus, over the life - span of a working wind turbine, the «equivalent» shale natural gas production might actually encompass 10 or more sites which throws another factor into the calculation of power density that would tip the scales toward wind farms.

As Bryce points out, shale natural gas wells deplete at a very fast rate: «The new shale gas wells... have steep decline curves, meaning that output from some wells may fall by 80 to 90 percent during the first year of production.»

With over 30 years experience in the energy business, he was a founding partner in the creation of Terra Energy in 1984 which was a pioneer in the exploration and development of the Antrim shale natural gas resources of Michigan.

To meet our nation's economic and environmental goals, ACC supports an «all of the above» energy strategy that takes timely advantage of America's own energy resources — conventional and shale natural gas, oil, wind, nuclear, solar, etc. — to diversify energy supply and power our economy.

Given our nation's need to control energy costs and improve energy security, many policymakers are calling for a comprehensive national energy policy that promotes and develops all of America's own energy resources — conventional and shale natural gas, oil, wind, nuclear, solar, etc. — to diversify energy supply.

Between January and May, U.S. carbon emissions fell to a 20 - year low; 48 percent of that resulted from substituting coal for cheap shale natural gas, while little, if any, came from deploying subsidized wind and solar, according to Michael Levi, the director of the climate change program at the Council on Foreign Relations.

This recent shale natural gas boom has not only reversed the depletion trend of conventional natural gas production from a few years ago, but has actually flooded markets supplies.

He has seen similar trends in the Marcellus shale natural - gas region in Pennsylvania (see report).

More shale natural gas from basins in Oklahoma can find its way to the market with increased network access, shale producer Continental Resources said.

Not exact matches

Most of it will come from mines in Wyoming and Montana that find themselves without domestic customers since the shale gas revolution, combined with emissions control regulation, drove utilities in the U.S. to shut down coal - fired plants and fire up cleaner - burning natural gas plants.

The liquids create fissures that release the natural gas in the shale rock.

An estimated average of 20 billion barrels of oil and 1.6 billion barrels of natural gas liquids are available for the taking in the Wolfcamp shale, which is in the Midland Basin portion of Texas» Permian Basin.

Had the deal closed, the sale of a half - interest in the Cutbank Ridge shale gas play would have been the largest investment of any kind by a Chinese state - controlled firm in Canada and the biggest reason to expect to see Asia - bound liquefied natural gas tankers docking on the West Coast in the not - too - distant future.

The firm had taken a bearish view on Exxon due to challenges in its European natural gas operations, «lackluster» growth in oil and gas production, a pricey acquisition in U.S. shale fields and the lack of share buybacks.

Pittsburgh - based EQT Corp. is poised to become the largest producer of natural gas in the United States after announcing it will acquire fellow shale driller Rice Energy.

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

It's going to cost her $ 3,200 to get a lab to test for all the acids, detergents and poisons that companies say they use for fracking — or hydraulic fracturing — to break up underground shale and remove oil and natural gas.

The report said gas from shale formations increased world natural gas resources by 47 percent to 22,882 trillion cubic feet.

US - based shale producers including EOG Resources Inc., Continental Resources, Inc., and Pioneer Natural Resources are set to suffer as oil prices continue to be weighed down by the increased production Trump's policies imply.

It recently flowed the highest volume of natural gas ever from a well in the Montney shale formation in B.C. and Alberta.

EQT's purchase of Rice would significantly add to its assets in the Marcellus and Utica shale regions, which account for much of the growth in U.S. natural gas production.

China has more than quintupled its natural gas consumption since 2000, according to research firm GlobalData, and though the country has huge shale gas reserves of its own, production can't keep up.

But fracking opponents claim that, though natural gas is considered the greenest of fossil fuels, shale extraction is significantly more carbon - intensive than conventional production and may result in the release of large quantities of methane, itself a greenhouse gas.

Cheap natural gas has been an important source of fuel for the oilsands, but most of Canada already had abundant hydro - electrical endowments to power homes and businesses at relatively low cost, so shale hasn't been much of a revolution over here (pdf).

On the shale revolution, the report concedes that energy prices for U.S. businesses might well rise if Washington decides to lift an old prohibition to export natural gas to countries who haven't signed a free trade agreement with the U.S. (which includes Japan and China, among America's best potential customers.)

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.

The Montney shale region in northeastern British Columbia contains trillions of cubic feet of natural gas and is one of the main sources of supply for a handful of liquefied natural gas plants planned in the province.

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).

Calpine's deal comes at a time when the U.S. wholesale power generation industry is struggling with margin pressure as cheap natural gas from shale fields in recent years has been driving down electricity prices.

Thanks to new supply from shale formations, natural gas is not only abundant, but it's cheap too.

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 suNatural 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 suNatural 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 suNatural 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 sunatural 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 sunatural 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.

The nation's shale boom began in 2005, around the time the U.S. was staring down at a long - term - term natural gas crisis.

After becoming CEO in 2006, Tillerson led Exxon through more than a decade of ups and downs that included the late Hugo Chavez's seizure of Venezuelan oil fields, annual profits that set U.S. corporate records, and a 2010 shale acquisition that turned into a $ 35 billion wrong - way bet on natural gas.

June 30 2011: The French parliament voted to ban the controversial technique for extracting natural gas from shale rock deposits known as hydraulic fracturing, or fracking.

ExxonMobil (NYSE: XOM) said that it would invest $ 200 million to boost natural gas production in the highly - prized Vaca Muerta shale in Argentina.

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.

Mr Teyssen's comments will add to growing concerns in Europe that high energy prices are encouraging manufacturers such as chemicals companies to shift investments across the Atlantic, where the shale bonanza has reduced natural gas costs to between a quarter and a third of those in the EU.

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.

However, oil prices have been dropping like hot potatoes, almost 30 %, and with that energy stocks are tanking in unison and singing songs with same tune, along with drilling and exploration companies for shale oil or natural gas.

Johannes Teyssen, chief executive of Eon, said there were no obvious options for Europe to narrow the US advantage — whether by drilling for shale gas, importing more liquefied natural gas or importing inexpensive US supplies.

A lot of activity the past few days in Pennsylvania: home of the Marcellus shale, arguably the world's best - performing unconventional natural gas and liquids play right now.

The shale oil boom has driven natural gas prices lower and coal - fired power plants are switching over to natural gas.

Now, it is suddenly plentiful and relatively cheap in the U.S. due to hydraulic fracturing technology, or fracking, a process that has unlocked natural gas from massive shale formations, driving prices down.

Natural gas production in the U.S. boomed after 2007 thanks to shale production.