Interesting news — according to this BBC article, the most recent British Geological Survey indicates that there may be twice the shale gas deposits in the UK that were previously anticipated. Such a large potential source of natural gas has substantial implications: “If the estimates are proved correct, that would still suggest recoverable reserves of … More Large shale gas potential in the UK
Lynne Kiesling Fracking and energy self-sufficiency is the topic of the week at the Becker-Posner blog. Becker’s contribution provides a stream-of-consciousness overview that is consistent with the past fracking discussions here; it touches on fuel source competition, the quest for self-sufficiency, the environmental impact of fracking, and the likely effects of fuel export regulation. I’m … More Fracking at the Becker-Posner blog
Lynne Kiesling Pale Rider is one of my favorite Clint Eastwood movies. One of its central themes revolves around classic property rights concepts in a community of miners that includes a number of small pan miners and a family that has built a larger, hydraulic mining operation that essentially uses pressurized water to blast rock … More Waterless fracking?
Michael Giberson Two multi-billion dollar deals in the news this weekend provide additional evidence of how advances in drilling technology have unlocked vast new energy resources and are reshaping the energy industry. Norwegian oil company Statoil is paying about $4.4 billion for Brigham Exploration, getting “a stronger foothold in unconventional resources” according to the Wall … More Energy industry continues to reshape itself to fit the new world of oil and gas resources
Lynne Kiesling One of the most beautiful aspects of market processes is how individuals create and take advantage of new profit and growth opportunities by creating value for others. Here’s a case in point that will resonate with many of you, given the outstanding diligence and insight of Mike’s fracking analyses here: clean water for … More Cleantech opportunity: clean water for fracking
Michael Giberson Yesterday, August 14, 2011, was the ten-year anniversary of the announcement by Oklahoma City-based Devon Energy of its intention to acquire Houston-based Mitchell Energy and Development for $3.5 billion. The prime target of interest lay about halfway between the two company headquarters, in the Barnett Shale surrounding Fort Worth, Texas. Mitchell had figured … More Devon Energy’s bet on Barnett Shale, made 10 years ago, has paid off
Michael Giberson Even before the natural gas subcommittee to the Secretary of Energy Advisory Board released it’s “Ninety Day Report” on hydraulic fracking today, anti-fracking groups shifted their spin operations into high gear. On Monday, a letter to President Obama sponsored by 68 groups called on him to “employ any legal means to put a … More Advisory committee’s fracking report spurs outpouring of spin