Times are changing and Opec is not what it once was in terms of oil price influence, but it’s too soon to completely dismiss the producer group that collectively controls such a large share of the world’s oil production, reserves, exports and thus supply. In this article, a Saudi diplomat argues his country “gets… Keep reading →
Well, that’s actually a hybrid quote from opposite ends of the fracking spectrum that came alive today when New York Governor Andrew Cuomo announced the state would move to ban hydraulic fracturing. “Today Governor Cuomo did the right thing for New Yorkers by listening to experts and issuing a ban on fracking. This victory for… Keep reading →
In a decision loaded with potential economic and political consequence, the Cuomo administration today ended years of tortured consideration and said New York state would move to ban hydraulic fracturing, the controversial technique that uses pressurized fluids and sand to extract gas and oil from shale rock formations. At an Albany cabinet meeting, Acting Health… Keep reading →
U.S.-based energy companies are mostly failing to disclose their management of hydraulic fracturing operations that could have negative environmental impacts, according to a survey published last Thursday. The survey, by a group of investment advisers and shareholder advocacy organizations, found about three-quarters of 30 oil & gas companies surveyed are not fully disclosing their practices… Keep reading →
On Thursday, December 4, 2014, in Texas Oil and Gas Assoc. v. City of Denton, Cause No. 14-08933-431, 431st District Court, Denton County, Texas, the Denton Drilling Awareness Group and Earthworks filed a Joint Petition in Intervention seeking to “provide a vigorous defense of the legality and enforceability” of the December 2, 2014, ordinance (the “Ordinance”) which banned hydraulic fracturing in Denton. The suit was originally filed on November 5, 2014, by the Texas Oil & Gas Association, a day after Denton voters passed the Ordinance by a 59-41 percent margin.
Saudi Arabia Can’t Stop U.S. Fracking Boom National Journal: World oil producers have put oil prices into a free fall, refusing to pare back global supplies in the hopes that low prices will derail the fracking-backed production boom in the U.S. and preserve OPEC’s power over world energy markets. But global analysts are skeptical that the… Keep reading →
An Oil Boom is a Power Boon U.S. News (Lamont Colucci): OPEC met on Nov. 27, and openly recognized that the United States’ oil technological revolution – driven by enhanced oil recovery methods including hydraulic fracturing (known as fracking) and horizontal drilling – has undermined the cartel’s economic and political power. This constitutes one of the… Keep reading →
On Tuesday, November 4, 2014, 59 percent of voters elected to ban the practice of hydraulic fracturing (“fracing”) in the city of Denton, which sits on top of the hydrocarbon-rich Barnett Shale. Although the ban does not prevent conventional drilling operations, the ban essentially forbids fracing, effectively expelling the drilling industry from city limits. Other municipalities sitting on top of the Barnett Shale—such as Fort Worth, Dallas and Arlington—have grappled with urban drilling as well, but Denton’s complete prohibition marks the first of its kind in Texas.
Responsible Fracking and Successful Operations: Enabling the Energy Industry to Keep Its Machinery Running
By Brian RobsonHydraulic fracturing, or “fracking,” is a dynamic source of power – for oil and gas development, job creation and domestic energy independence. Its reach goes far beyond any physical depths in which advanced machinery and innovative means of extraction penetrate thick layers of rock. Its proliferation is a matter of fact, which depends on sophisticated… Keep reading →