Tracking regulatory changes in the oil and gas industry is no minor undertaking. After all, when someone speaks of “the oil and gas industry,” that person isn’t simply referencing some narrowly defined zone of activity.
Countries across the globe like to talk a big game about developing their domestic shale oil and gas resources and sometimes utter lofty expectations of energy independence. Progress, however, has been very slow. The following map by the World Resources Institute (WRI) illustrates locations of the 20 countries with the largest shale gas and tight… Keep reading →
Obama’s Claim that Keystone XL Oil ‘Bypasses the U.S.’ Earns Four Pinocchios The Washington Post (Glenn Kessler): President Obama, seeking to explain his veto of a bill that would have leapfrogged the approval process for the Keystone XL pipeline, in an interview with a North Dakota station repeated some false claims that had previously earned him… Keep reading →
Some people believe that “fracking” – the use of horizontal drilling and hydraulic fracturing technology – is a miracle, increasing the extraction of oil and gas from places deep under the ground where hydrocarbons were previously unrecoverable. It has led not only to an economic boom but to a boom in drilling from thousands of fracking wells throughout the United States.
The issue of hydraulic fracturing (or “fracking”) too often becomes a political dispute, which threatens to obscure a far more important matter for the energy industry as a whole: That fracking is a feat of engineering genius, an example of the working complexity of so many pumps, valves, meters, gears, gauges and systems; it… Keep reading →
The President of one of Canada’s biggest oil and gas producers warned the oil sands industry that they must cut costs or face a “death spiral”. The drop in oil prices is an “opportunity” for every part of the industry to cut costs and eliminate inefficiencies that crept into the system during years of high… Keep reading →
Natural Gas Inventory Exceeds Five-Year Average for First Time Since Nov. 2013 EIA Today in Energy: Working natural gas in storage has surpassed five-year average levels for the first time in more than a year. At 2,157 billion cubic feet (Bcf) as of February 13, stocks are 58 Bcf greater than the five-year average. Recent… Keep reading →
Former Chesapeake Energy Chairman and CEO Aubrey McClendon is back in the news for allegedly stealing corporate secrets on his way out the door in 2013. McClendon is famous for founding Chesapeake and embracing new drilling technology that helped make the company one of the largest US natural gas producers. However, conflicts of interest began… Keep reading →
Shale Gas and Tight Oil are Commercially Produced in Just Four Countries EIA Today in Energy: The United States, Canada, China, and Argentina are currently the only four countries in the world that are producing commercial volumes of either natural gas from shale formations (shale gas) or crude oil from tight formations (tight oil). The… Keep reading →
Ed. note: This is a weekly column by Elie Mystal, Managing Editor of Above the Law Redline. This space will focus on the laws that exist, should exist, and should be put out of their misery. OVER-REGULATED: The Pipeline That Won’t Die: How about we agree to build the Keystone pipeline, but only send beer… Keep reading →