Search Results for: shale

Bye-bye Wti? Local Conditions May Sink Global Oil Price Benchmark

4 Comments / Energy markets / By

Michael Giberson Via email a reader asks about the divergence between two international oil price benchmarks – Brent and West Texas Intermediate (WTI). At EnergyBurrito, Matt Smith explains the once-reliable, now rocky relationship between Brent and WTI in “WTI and Brent Crude Oil Through Steve Carell and Ricky Gervais.” Gervais played district manager David Brent …

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Epa Acts on a Natural Gas Drilling Groundwater Case

5 Comments / Uncategorized / By

Michael Giberson From the EPA news release: (DALLAS – December 7, 2010) Today, the U.S. Environmental Protection Agency (EPA) has ordered a natural gas company in Forth Worth, Texas, to take immediate action to protect homeowners living near one of its drilling operations who have complained about flammable and bubbling drinking water coming out of …

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What Scientific Information or Data Does the Department of Interior Intend to Rely Upon in Fracking Policy Actions?

1 Comment / Energy markets, Politics, Regulation / By

Michael Giberson U.S. House Republicans sent a short note over to the U.S. Department of the Interior, inquiring as to Interior’s plans for regulatory or policy changes with respect to hydraulic fracturing on public lands.  My favorites from among the questions asked: What scientific information or data does DOI intend to rely upon to form …

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The Rule of Capture in Pennsylvania Oil and Gas Law

Economics, Energy markets, Environmental policy, Law / By

Michael Giberson Via the Agricultural Law Resource and Reference Center at Pennsylvania State University, a presentation on “The rule of capture in Pennsylvania oil and gas law” (see also this summary). Among other things, the presentation clears up my question (in yesterday’s post on oil production in the state) about the current relevance of the …

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U.S. Companies Getting into the Lng Export Business

Economics, Energy markets / By

Michael Giberson More evidence that shale gas development is changing the international (not just the United States) natural gas market: A US LNG terminal is spending $2 billion to add export capability.  Currently Freeport LNG has the capability to re-export stored LNG; the new investment will add the capability to liquefy US-produced natural gas. Last Friday, November 19, …

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Natural Gas, Helium, Offshore Wind Power, and Cap-And-Trade Design Issues

2 Comments / Energy markets, Environmental policy / By

Michael Giberson A handful of stories of interest: The boom in shale gas has been a boon to homeowners who use gas, local economies with the resource, and manufacturers who make stuff with it, but it has “upended the ambitious growth plans of companies that produce power from wind, nuclear energy and coal. Those plans …

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More About the Haynesville Documentary

Energy markets, Environmental policy, Film / By

Michael Giberson In advance of the screening next week at SXSW, the Austin Chronicle presents a story about Haynesville and its director Gregory Kallenberg.  Here’s a bit of it: The Rev. Reegis Richard was wandering through a field, hungrily eyeing a dilapidated former school and dreaming of the possibilities, when a Haynesville producer climbed over a …

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Fracking and Water Quality

5 Comments / Energy markets, Environmental policy / By

Michael Giberson One of the issues surrounding development of shale gas resources has been concern over the effects of resource development (especially fracturing processes) on groundwater quality.  Congress has initiated an investigation of the practice, for example. Geoff Styles looks over the issue in “Shale Gas and Drinking Water“, concluding it isn’t likely to be …

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Gazprom, Europe, and Long-Term Take-or-Pay Contracts

2 Comments / Economics, Energy markets, Regulation / By

Michael Giberson Shifting world natural gas supply conditions have put the squeeze on long-term gas supply contracts between Russian gas giant Gazprom and its European customers.  A summary from the Wall Street Journal: European energy companies, faced with weakening demand and plentiful lower-cost fuel supplies, have bought far less natural gas from Russia’s OAO Gazprom …

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