Sentences with phrase «supply from shale»

Palmer believes there are four major drivers for changing basis differentials: changes in supply from shale gas development, the potential growth in liquefied natural gas shipments, planned Gulf Coast chemical plant investments, and swelling exports to Mexico.

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

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

Last month the chairman of the Secretary of Energy Advisory Board's Natural Gas Subcommittee noted in the Washington Post that increased supplies from shale «has meant, since 2009, that consumers» costs of natural gas to heat homes or generate electricity have fallen by more than half.»

The combination of horizontal drilling and hydraulic fracturing, or fracking, has unlocked supplies from shale formations in the central U.S.

Not exact matches

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.

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.

China is becoming a key market for global oil exporters as surging output from shale fields from Texas to North Dakota allows the U.S., the biggest crude consumer, to rely less on overseas supplies.

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.

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.

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.

The price of oil — Russia's main export and revenue source — has fallen 46 percent in the past six months due to abundant supply — partly from U.S. shale oil — and low demand growth.

Given that concerns about an oil and gas supply crunch in the future due to near - term underinvestment are globally rising, Japan should continue to highlight the importance of engagement in shale - related projects from a long - term perspective.

While we believe that current energy market fundamentals justify an oil price of $ 50 or above, we also note that productivity gains in US shale fields have increased the elasticity of supply from these critical swing producers, a factor that could cap any significant price appreciation.

The higher supply has come largely from US and Canadian shale fields as well as the 2014 Saudis» decision to maintain production levels.

Increased output from elsewhere in the Middle East, as well as resilient supply from US shale fields and production successes in Russia and the Gulf of Mexico, all compounded the supply glut and prolonged rebalancing in 2015.

Despite the international shale oil boom extracting natural gas with hydrofracking technologies, which most electric utilities, including the local ones, supply to customers as a major part of their power supply, the shift away from petroleum dependency has made remarkable progress in recent years through strategic incentives like the one which prompted this vote in Olive.

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.

Access to vast, new supplies of natural gas and natural gas liquids from shale formation is one of the most dramatic domestic energy developments in the last 50 years.

Hydraulic fracturing, a technique for extracting oil and gas from shale rock, often takes place a mile or more below groundwater supplies.

But the four prongs of the speech were not about using less fuel, but boosting supplies: drilling offshore, extracting oil from shale, drilling on the coast of the Arctic National Wildlife Refuge, and adding refineries.

Do you think that right now, gas and shale gas in particular are well positioned to benefit from changing energy supply patterns after Fukushima?

Much of the decline was a result of the US switching from its own coal supplies to shale gas for generating electricity at power stations.

With the development of shale gas and the surge in natural gas liquids supply, the U.S. has moved from being a high - cost producer of key petrochemicals and resins to among the lowest - cost producers globally.

The LCFS would essentially ban imports to California of fuels derived from unconventional sources such as oil sands from Canada, oil shale from the Western US, or domestic coal supplies that can be converted into transportation fuels.

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.

However, beginning in 2009, the gap between coal and natural gas prices narrowed, as large amounts of natural gas produced from shale formations changed the balance between supply and demand in U.S. natural gas markets.

Shell has bought the site and has 10 supply contracts in place lasting up to 20 years, including from fracking companies extracting shale gas in the Marcellus shale field.

Thanks to the new supplies brought online from America's shale regions, we have entered an era of energy abundance fundamentally different from the atmosphere that prevailed during the previous four decades.

The U.S. shale oil boom is becoming its own worst enemy, say industry analysts, who see the supply glut pushing the price of oil so low it may become uneconomical to pry petroleum from those tight rock formations.

While some gas and oil giants are pulling back from shale investments in order to reduce «stranded asset» exposure, it's worth noting that the shale gas giant ExxonMobil has been doubling down on shale gas, possibly with an eye toward supplying the gas - to - plastics market rather than the energy market.

Meanwhile, EIA projects natural gas from shale and tight - rock formations will grow in its importance to the global supply:

Access to vast new supplies of American natural gas from shale deposits is one of the most exciting domestic energy developments in decades, particularly for the business of chemistry — energy policies must enable access to this immense supply of natural gas while protecting the environment.

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

An inquiry by the Energy and Climate Change committee concluded that fracking, the process by which gas is extracted from shale rock, poses no risk to underground water supplies as long as drilling wells are properly constructed.»

Drilling for shale gas raises serious safety concerns and risks polluting water supplies — and it could take vital funding away from the clean energy solutions we know are safe and will work.

[75] The American Chemistry Council determined that a 25 % increase in the supply of ethane (a liquid derived from shale gas) could add over 400,000 jobs across the economy, provide over $ 4.4 billion annually in federal, state, and local tax revenue, and spur $ 16.2 billion in capital investment by the chemical industry.

Saudi Basic, the Middle East's dominant chemical maker, said on Saturday that it wants to build a Houston headquarters for its Western Hemisphere operations as the company capitalizes on the surge in cheap natural gas supplies from North American shale fields.

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.