Skip to main content

Energy Tomorrow Blog

VIDEO: Fair Tax Policy to Sustain Energy Investments

intangible drilling costs  investments  taxes 

Mark Green

Mark Green
Posted September 18, 2013

Check out the video below of a Fox Business Network interview with API President and CEO Jack Gerard on the tax reform climate in Washington that has some talking about raising taxes on energy companies. The ability to recover the costs associated with finding oil and natural gas in a timely way through the Intangible Drilling Costs provision is especially critical to continuing investments in energy development, Gerard says.

More »

Abundant Energy Means New Economic Opportunities for America

lng exports  hydraulic fracturing  north dakota  new york drilling moratorium  ethanol  rfs34 

Mary Leshper

Mary Schaper
Posted September 11, 2013

Obama Administration Allows More natural Gas Exports

Fuel Fix Blog: The Obama administration on Wednesday authorized a fourth company to broadly export U.S. natural gas, giving Dominion conditional approval to sell the fossil fuel abroad after processing it at a Maryland facility.

The Energy Department’s decision means that as long as it secures other required permits, Dominion Cove Point will be able to sell as much as 770 million cubic feet of natural gas per day for the next 20 years to Japan and other countries that do not have free-trade agreements with the United States.

With the Dominion Cove Point decision, the Obama administration has now authorized 6.37 billion cubic feet of liquefied natural gas to be sold to non-free-trade nations.

Read more: http://bit.ly/17QBo0W

More »

Anadarko's Lucius: Tapping a 'World-Class Reservoir'

Offshore Production  offshore drilling rig  offshore drilling in gulf 

Mark Green

Mark Green
Posted July 22, 2013

Think of Anadarko Petroleum’s Lucius spar, the steel tube that will support the company’s newest Gulf of Mexico production platform, as a soda can floating in the ocean. A 23,000-ton soda can.

Company officials showed off the spar earlier this month at Kiewit Offshore Service’s fabrication yard in Ingleside, Texas, across the bay from Corpus Christi. 

More »

Energy Today - July 19, 2013

energy today  keystone xl  natural gas drilling 

Mark Green

Mark Green
Posted July 19, 2013

Associated Press – Study Finds Fracking Chemicals Didn’t Contaminate Drinking Water

AP reports that the federal study on hydraulic fracturing found no evidence chemicals used in hydraulic fracturing moved up to taint drinking water aquifers at a western Pennsylvania drilling site. After a year of study researchers found chemicals in fracking fluids used to free trapped natural gas stayed thousands of feet below areas that supply drinking water.

More »

Energy Today - July 16, 2013

Energy 101  oil production  natural gas drilling 

Mark Green

Mark Green
Posted July 16, 2013

Carpe Diem – North Dakota Sets Another Oil Production Record

Blogger Mark Perry comments on the latest oil production figures from North Dakota: 810,314 barrels per day in May – the 10th month in a row the state as pumped more than 700,000 bpd. Production increased almost 26 percent over May 2012, thanks to booming production from the Bakken shale.

More »

New Study Shows Investments in America’s Future

access  investments  natural gas  offshore drilling  oil 

Mark Green

Mark Green
Posted June 5, 2013

Ernst & Young has a new study detailing $185.6 billion in total capital spending by oil and natural gas companies last year – the largest in the history of the firm’s oil and natural gas reserves study. Marcela Donadio of Ernst & Young:

“The increased exploration and development spend we’re seeing in this year’s study speaks to the incredible opportunity unfolding in tight oil from shale formations and the high cost of developing these unconventional resources.”

The study of U.S. upstream (pre-refinery stage) capital spending by the 50 largest companies (based on 2012 end-of-year oil and natural gas reserve estimates) found a 20 percent increase compared to 2011. Ernst & Young said the increase was largely due to increased tight oil and liquids activity. That refers to development in tight-rock formations, made possible by hydraulic fracturing and horizontal drilling.

More »

Energy Production on Federal Lands

access  drilling  energy  federal land  natural gas  regulation 

Mark Green

Mark Green
Posted May 31, 2013

The U.S. Energy Information Administration has a new report that details the decline in sales of oil and natural gas from production on federal lands (2003-2012). Key points:

  • Sales of crude oil from federal lands, onshore and offshore, decreased 5 percent in fiscal year 2012 (ended Sept. 30) to 596 million barrels from 629 million barrels in FY 2011. That includes an 8-percent decrease in offshore volumes, partially offset by an 8-percent increase in much smaller onshore volumes.
  • Natural gas sales from federal lands decreased 7 percent in FY 2012 to 4,262 billion cubic feet (bcf) from 4,584 bcf in FY 2011. Offshore volumes were down 19 percent, while onshore was virtually unchanged.
  • Sales of all fossil fuels produced on federal lands (also including coal and natural gas plant liquids) fell by 4 percent in FY 2012.

More »

Managing Continuous Improvement in Offshore Safety

offshore drilling  offshore safety 

Mark Green

Mark Green
Posted May 2, 2013

n an interview with Fuel Fix, Charlie Williams, director of the Center for Offshore Safety, fields a question about the perceptions surrounding the safety of drilling operations in the Gulf of Mexico:

“I think the biggest misconception is that not much has been done, when there has been a tremendous amount of effort by the industry and by regulators in moving this forward. … There has been more collaboration, cooperation and improvement in working together to make things better than I think we have ever done before.”

Offshore Safety

More »

Stepping Forward on Offshore Drilling

drilling  offshore access  offshore drilling  virginia offshore drilling 

Mark Green

Mark Green
Posted April 26, 2013

Take a look at the map below, one we’ve used before to show the vastness of America’s offshore oil and natural gas reserves – the overwhelming majority of which (in red) that’s off-limits for development.

offshore access

More »

Energy Today – April 18, 2013

keystone xl  emssions  fracking  new york drilling moratorium  renewable fuel standard  ethanol 

Mary Leshper

Mary Schaper
Posted April 18, 2013

Forbes It’s Time To Repeal the Renewable Fuel Standard

A "consensus has concluded that EPA fuel standards are sorely at odds with the interests of fuel and food consumers in the United States,” writes contributor Robert Bradley. “The direct economic cost of implementing and enforcing these fuel standards far outweighs the questionable benefits."

The Washington Post Keystone XL Opposition Wanes Among Nebraska Landowners

With the Keystone XL debate set to head back to Nebraska today, the Post reports that folks in the state “largely support the pipeline project.”

More »