Waterless fracking makes its way to the Midwest – Waterless fracking makes its way to eastern Ohio. The amount of natural gas in Ohio is still to be determined, and “right now we’re still in an exploratory phase,” said Brian Hickman, a spokesperson for the Ohio Oil and Gas Association. Ohio is rich in shale [...]
Forecasting economic benefit from shale drilling
Forecasting economic benefit from shale drilling – The economic benefit from drilling for shale gas has been estimated to be about $1,000 per U.S. household, according to John W. Larson, IHS Global Insight VP for the public sector. “This is really, without a doubt, one of the bright spots in an otherwise laborious (economic) recovery,” [...]
Environmentalist are using fracking to raise cash
Environmentalist are using fracking to raise cash – September we saw drilling opponent protesting outside a Marcellus Shale Coalition conference. Wednesday, the American Petroleum Institute sponsored a public drilling forum in Albany, NY where drilling advocates believe that environmentalist may have alternative motives to raise cash. Karen Moreau, head the New York State Petroleum Council, [...]
$20 billion bet on shale
$20 billion bet on shale – “Shale is game changer: it’s real, it’s abundant, it’s economic,” – Michale Yeager, the Houston-based chief executive of BHP Billiton Petroleum. BHP Billiton’s $20 billion bet on shale was based on the abundance shale and was split two-ways - $15 billion, which was a 65% premium to market value, [...]
Marcellus Shale Gas Formation and Natural Gas Development
Marcellus Shale Gas Formation and Natural Gas Development – Marcellus Shale Gas Formation The Marcellus Shale gas formation is one of the largest shale regions in the United States – it’s estimated to be the second largest natural gas find in the world. The Marcellus shale stretches across New York, Pennsylvania, West Virginia, Ohio and [...]
Are fracking earthquakes real?
Are fracking earthquakes real? – An increase in tremors across the U.S. Midwest and parts of the East Coast has given rise to speculation that the instances of seismic activity are actually fracking earthquakes. However, the movements that can result when companies inject waste water containing hydraulic fracturing chemicals into deep rock are usually much [...]
Expelling myths to define fracking
Expelling myths to define fracking – The debate surrounding the fracking natural gas and fracking oil industries has unfortunately been influenced by some inaccuracies pushed by both sides. In an article dispelling the myths of shale fracking, Popular Mechanics points to a claim by the Green Party of Pennsylvania, which alleges that hydraulic fracturing wastes [...]