Not exact matches
Also, notwithstanding a silly fiscal policy
and the ongoing political impasse, the U.S. economy has some very
good things going for it now, as even king of doom, Nouriel Roubini, couldn't help but note: the Fed is going to stick to its asset - buying regime for the foreseeable future, providing a monetary protein shake the recovery still very much needs; the housing rebound is
well on its way, which is helping Americans rebuild their wealth
and is boosting employment in many states with high jobless rates;
and the
shale oil and gas revolution continues to power investment, job creation
and revenue growth.
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.
In its highly anticipated Annual Energy Outlook 2018, the agency forecasts that the U.S. will become a net exporter of energy by as early as 2022, thanks in large part to the boom in
shale oil and liquefied natural
gas (LNG) production as
well as the relaxation of export restrictions.
In North America's most active
shale fields, the drilling
and hydraulic fracturing of new
wells is directly placing older adjacent
wells at risk of suffering a premature decline in
oil and gas production.
«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.
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.
Levels of contamination were just as high in wastewater coming from conventional
oil and gas wells as from hydraulically fractured
shale gas wells.
Until now, estimates of
shale gas production have primarily relied on models established for conventional
oil and gas wells, which behave differently from the horizontal
wells in
gas - rich
shales.
He estimates that fugitive emissions are only 10 percent of what Howarth
and Ingraffea maintain,
and that
shale gas would indeed be a
good replacement for home heating
oil and for coal used in power plants.
Energy companies used nearly 250 billion gallons of water to extract unconventional
shale gas and oil from hydraulically fractured
wells in the United States between 2005
and 2014, a new Duke University study finds.
Hydraulic fracturing, or «fracking,» is a petroleum - extraction procedure in which millions of gallons of water (as
well as sand
and chemicals) are injected deep into underground
shale beds to crack the rock
and release natural
gas and oil.
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.
Now those rules should be extended to
shale oil wells and hybrid
oil -
and -
gas wells.
They said it was «very likely» that several thousand weak to moderate earthquakes in recent years were triggered by deep - earth injection of water extracted from the ground as thousands of
wells have been drilled into
shale oil and gas deposits.
The dramatic rise in
shale -
gas extraction
and the tight -
oil revolution (mostly crude
oil that is found in
shale deposits) happened in the United States
and Canada because open access, sound government policy, stable property rights
and the incentive offered by market pricing unleashed the skills of
good engineers.
This is because they were made
well before the current era of
shale oil and gas and tight
oil and gas development.
Then a mixture, commonly known as fracking fluid, of water (90 percent), sand (9.5 percent)
and chemicals (0.5 percent) is pumped into the
well under high pressure to create micro-fractures in the
shale and free the natural
gas or
oil.
Modern hydraulic fracturing combined with horizontal drilling allows multiple
wells to be drilled from one spot, reducing the size of the drilling area above ground by as much as 90 percent.4 Fracking is the key to unlocking vast U.S.
shale resources, freeing up
oil and natural
gas that previously was inaccessible while protecting groundwater supplies
and the environment.
About 40 percent of the
oil and gas wells in parts of the Marcellus
shale region will probably be leaking methane into the groundwater or into the atmosphere, concludes a Cornell - led research team that examined the records of more than 41,000 such
wells in Pennsylvania.
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.
Better yet would be to debate an energy policy for the USA, including opening up exploratory
oil and gas drilling including
shale deposits, limiting the exponential growth of regulations currently stifling new exploration, ending the EPA regulatory war on coal, reactivating the Keystone pipeline, etc.; these issues have direct impact on American jobs
and future energy independence, both of which are more important issues for US voters (
and presidential candidates) than any «climate» debate.
Found in limestone
and shale deposits, tight
oil isn't extracted from
wells like conventional
oil, but is removed with hydraulic fracturing, or «fracking» — a process that also releases methane, a potent greenhouse
gas.
«Many small creeks make a large stream» is a Swedish saying that describes
well the production of
shale oil and shale gas.
A new
well - level play - by - play models for tight
oil and shale gas in the United States incorporating endogenous technology learning for production from individual plays.
The ability to drill horizontal
oil and gas wells and to «frack»
shale by injecting pressurized sand
and chemicals into the rock has enabled a huge boom in natural -
gas production over the past decade.
BNP Paribas recently announced that it was restricting financing for
oil and gas projects from
shale and / or
oil from tar sands as
well as exploration
and production projects in the Arctic.
Indeed, throughout the long
oil and gas history of the Appalachian Mountains, where the world's first
oil well was drilled in 1859, drillers have known of «shows» of
gas from the
shale, brief blasts that would blow methane - charged water out of the hole, or tangle the drilling lines.
«The last thing that Pennsylvanians need is another way for the
oil and gas industry to capitalize on
shale at the expense of their health
and well - being,» the report concludes.
Meanwhile, numerous industry efforts are underway to further exploit stressed public lands
and perpetuate fossil - fuel dependence through the extraction of coal,
oil and gas,
oil shale and tar sands,
and liquefied natural
gas development — as
well as uranium mining
and milling
and the construction of energy corridors
and long - distance electric transmission lines.
The «America First Energy Plan» web portal also promotes the use of «clean coal»
and «reviving America's coal industry,» as
well as tapping into the U.S. bounty of
shale oil and gas via the use of hydraulic fracturing («fracking»).
Well, this one starts by opening up the North Slope of the Arctic National Wildlife Refuge to
oil and gas leasing, clearing the way for
oil shale development on public lands,
and allowing offshore drilling on heretofore off - limits areas of the Atlanta
and Pacific coasts - including, of course, California.
Historically, fracturing in California has been used in vertical
wells — not in combination with the horizontal drilling techniques that have wrested
oil from North Dakota's Bakken
and natural
gas from the Barnett
shale of Texas or Marcellus
shale in Pennsylvania.