Saudi Arabia, Russia intensify oil supply cuts
Wednesday, July 12, 2023
Saudi Arabia and Russia, the world’s biggest oil exporters, will make additional oil supply cuts through the end of August.
Oil and gas companies continue to focus on exploration, despite climate concerns
Monday, July 10, 2023
Oil and gas companies continue to search for new deposits, reinvesting record profits that resulted from the price surge driven by the Ukraine war.
Oilfield Jargon
Word of the Week
Market Enhancement Clause
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11 shale drilling permits issued in Ohio, Pa., W. Va. for week ended June 25
Friday, July 7, 2023
Eleven new permits were issued to drill shale wells in Ohio, Pennsylvania and West Virginia from June 19 to 25.
Pa. Senate weighs measure to give state regulators authority over carbon capture wells
Wednesday, July 5, 2023
The Pennsylvania Senate is considering a measure that would grant state regulators authority over injection wells used for carbon capture.
Mountain Valley Pipeline gets FERC approval to finish construction
Monday, July 3, 2023
The U.S. Federal Energy Regulatory Commission authorized Equitrans Midstream Corp. to resume construction of its Mountain Valley natural gas pipeline.
EIA: US natural gas demand increases 43% from 2012 to 2022
Friday, June 30, 2023
U.S. natural gas demand grew by 34.5 billion cubic feet per day from 2012 to 2022, according to data released by the U.S. Energy Information Administration.
Marcellus & Utica Shale Well Map
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Shale FAQ
What is fracking?
Fracking is a slang term for hydraulic fracturing. Fracturing is a process by which highly pressurized fluid is pumped thousands of feet into the ground to fracture rock formations. The goal is to release the natural gas that’s locked inside the rock.
Is it safe?
What most concerns people about fracturing is ground water contamination. The worry is that fractures underground, caused by the process, will extending upwards and into aquifers, releasing gas and chemicals into the ground water supply. There’s been no confirmed reports of such a thing happening. Though surface spills and drill site blowouts can lead to localized environmental concerns.
Will my water catch on fire?
Flammable water is caused by the release of methane gas into a drinking water supply. Methane gas occurs naturally and can be released by any kind of drilling, including water wells. In Pennsylvania officials fined Chesapeake Energy $1 million for contaminating ground water with methane. It was determined that the company had not properly cemented it’s boreholes and gas migrated up the well, between rock and into aquifers.