The world's best thinkers on energy and climate
One can hardly call it a trade war just yet—posturing for a trade war may be a more apt label—but the U.S. Shale industry, which has enjoyed a mighty good run in the last year, may soon find itself the next target as China and the United States face off in the fight to flesh out new trade terms. … [Read more...]
Oil and gas is a trillion dollar industry, and every actor within it, be it national oil companies, multinationals, independents or oilfield services companies, has a stake in oil and gas flourishing. And now these players face an existential question, how will the industry react to new challenges in the shape of electric vehicles and renewables? … [Read more...]
The Trump Administration has offered to open more than 90 percent of the federal Outer Continental Shelf (OCS) for consideration of future exploration and development. The proposal is in stark contrast to the current lease sale program that puts 94 percent of the shelf off limits. … [Read more...]
Urban air pollution in the U.S. has been decreasing near continuously since the 1970s. Federal regulations, notably the Clean Air Act passed by President Nixon, to reduce toxic air pollutants such as benzene, a hydrocarbon, and ozone, a strong oxidant, effectively lowered their abundance in ambient air with steady progress. … [Read more...]
Recent increases in drilling activity and well production rates are raising natural gas production levels in the Haynesville region, according to EIA’s Short-Term Energy Outlook (STEO). Marketed natural gas production in Haynesville reached 6.9 billion cubic feet per day (Bcf/d) in September after remaining near 6.0 Bcf/d for the previous three years. … [Read more...]
Crude oil prices are taking a serious hit from Hurricane Harvey, slammed on multiple fronts at a time when benchmark prices were already showing some signs of strain. … [Read more...]
Shale drilling has become a lot cheaper over the past three years, with new drilling techniques, efficiency gains and learning-by-doing helping to lower breakeven costs. The IEA says that U.S. shale has achieved cost reductions on the order of 30 percent in 2015 and another 22 percent in 2016, although individual shale basins have seen much larger cost declines. The post, Can U.S. Shale Fight Off Rising Costs?, was first published on … [Read more...]
The growth in total U.S. dry natural gas production projected in the Annual Energy Outlook 2016 (AEO2016) Reference case results mostly from increased development of shale gas and tight oil plays. Natural gas resources in tight sandstone and carbonate formations (often referred to as tight gas) also contribute to the growth to a lesser extent, while production from other sources of natural gas such as offshore, Alaska, and coalbed … [Read more...]
(Photo by Christopher Furlong/Getty Images)As a theoretical construct, carbon capture and sequestration (CCS) seemingly has a lot to offer. Foremost, it would allow mankind to continue the uninhibited burning of fossil fuels while at the same time ‘saving’ the climate by ‘removing’ CO2 emissions from the atmosphere – the latter being the main reason why CCS is frequently mentioned in connection with climate change. Sounds promising, right? Not so … [Read more...]
Earlier this month, a Bloomberg News headline made a very serious accusation about hydraulic fracturing and shale development: “Study Shows Fracking Is Bad For Babies” was the title of an opinion column by Mark Whitehouse. The opening paragraph followed with a strong indictment of the oil and gas industry:“The energy industry has long insisted that hydraulic fracking — the practice of fracturing rock to extract gas and oil deep beneath the … [Read more...]
Christopher Brown serves as director, research, international oil and gas at Canaccord Genuity and has provided international analytical coverage since 2006. Previously, Christopher worked as the international oil and gas analyst for BMO Capital Markets. Brown's industry experience includes reservoir engineering work at various large-cap oil and gas companies. Prior to that, he was employed at an international M&A firm with mandates out of … [Read more...]
*NOTE: Our friends at CLEAN Resources contributed to this report.The City of Dallas sits on the edge of the Barnett Shale in North Texas, and many Dallas residents are eager for their city to share in the job and wealth creating bounty that has resulted from energy production elsewhere in the region. According to a study commissioned by Dallas neighbor Fort Worth’s Chamber of Commerce, the Barnett Shale energy industry has added over … [Read more...]
Thanks, shale and hydraulic fracturing!Two news items prompt today’s gratitude. First, a new study of Texas’ Eagle Ford shale play shows the dramatic economic lift being provided by oil and natural gas development. Second, a Reuters article underscores the point that affordable natural gas – again, thanks to fracking and shale – is spurring a U.S. manufacturing renaissance – in this case, attracting investment in this country from foreign … [Read more...]
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