oil and gas development

Devon Energy’s Bet on Barnett Shale, Made 10 Years Ago, Has Paid off

Economic history, Energy markets, Technology / By

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 …

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Open Up Bidding for Oil and Gas Leases on Federal Lands

4 Comments / Energy markets, Environmental policy, Regulation / By

Michael Giberson PERC’s Shawn Regan argues in favor of allowing environmental groups to bid in federal auctions for oil and gas development leases, a way to help ensure that use of federal lands reflects both the value of energy resource exploitation and the value of protecting those lands from development. The theory is that if …

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Advisory Committee’s Fracking Report Spurs Outpouring of Spin

Energy markets, Environmental policy, Politics, Regulation / By

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 …

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More Internal Review of the Nyt Shale Gas Skepticism Articles, More Dishonest Journalism Discovered

1 Comment / Energy markets, Regulation / By

Michael Giberson While I was vacationing in New Mexico and Arizona, New York Times public editor Arthur Brisbane continued his analysis of the pair of late June articles in the newspaper that suggested widespread insider skepticism over the size and significance of recent shale gas developments. A June 26 story suggested the presence of significant …

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The Energy Industry Insiders That Didn’t Bark

4 Comments / Energy markets, Environmental policy / By

Michael Giberson Dozens of energy industry insiders have gone missing in recent weeks, in what must be the largest unreported crime wave ever. Or possibly the energy insiders have been silenced by a vast powerful and secret industry cabal, which has compromising photos of the insiders or something like that, which would also be a …

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NYT Editor on Shale Gas Skeptic Article: We Should Have Done Better

1 Comment / Energy markets, Environmental policy / By

Michael Giberson As mentioned here a few weeks ago, links below, the pair of New York Times articles giving voice to shale gas skeptics were badly done. (I called them no more than “an impressive collection of shale skeptic sound bites.”) I was far from the only critic, and the paper itself received a lot …

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New York Regulators Take Steps Toward Allowing Fracking for Natural Gas Production

Energy markets, Environmental policy, Regulation / By

Michael Giberson Today the New York Department of Environmental Conservation took a few steps toward permitting fracking of natural gas wells, a process necessary to produce natural gas from underground shale formations. Regulatory processes being as they are, it likely means fracking will remain off-limits in the state for some time. News reports include favorable …

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In Search of Reports That Confirm or Support the New York Times Stories on Shale Gas Skepticism

2 Comments / Energy markets, Environmental policy / By

Michael Giberson After following the reactions to the New York Times stories on shale gas skepticism for a day or two, I began to get tired of all of the complaints (“pretty poor quality,” “sensationalistic … false,” “poorly done piece of work,” “mislead its readers,” “approaching yellow journalism“) and so started searching for supportive reactions, …

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John Hanger Reports the Shale Gas News Too Good to Print in the New York Times

1 Comment / Energy markets, Environmental policy, Regulation / By

Michael Giberson John Hanger is former head of the Pennsylvania Department of Environmental Protection and former member of the Pennsylvania Public Utility Commission, among other public positions. He was founding president of the group Citizens for Pennsylvania’s Future (PennFuture) which carefully tracked energy and environmental issues in the state. Hanger knows a few things about …

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Additional Reactions to the New York Times Articles Documenting Shale Gas Skepticism; More on Fracking

Energy markets, Environmental policy / By

Michael Giberson As a follow-on to my post on the recent New York Times articles on shale gas skepticism, here’s a collection of other reactions: The most thoughtful response appears to come from Michael Levi at the Council on Foreign Relations, Is Shale Gas a Ponzi Scheme?: “The New York Times’ war on shale gas …

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