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Energy Tomorrow Blog

Years of Truth on Methane Emissions

methane emissions  greenhouse gases  regulation  epa  oil and natural gas development 

Mark Green

Mark Green
Posted October 7, 2014

New York Times columnist Joe Nocera has a new piece that calls for federal regulation of methane emissions from oil and natural gas production and distribution. Reducing methane emissions is a good idea – and industry has been doing it for years – which makes talk of new regulatory regimes seem odd.

Voluntarily, industry efforts have reduced methane emissions from fracked natural gas wells 73 percent since 2011, according to recent EPA data. That’s actually a fantastic number – one that parallels EPA’s greenhouse gases inventory showing a nearly 40 percent decrease in overall methane emissions from 2006 to 2012 – while natural gas production grew 37 percent.

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You Didn’t Build That, Mr. President

oil and natural gas development  access  energy investments  job creation  energy exports 

Mark Green

Mark Green
Posted October 3, 2014

Here’s the president, lauding the lift America’s domestic energy revolution has provided the nation’s economy in a speech this week in Illinois:

“The first cornerstone is new investments in the energy and technologies that make America a magnet for good, middle-class jobs. So right off the bat, as soon as I came into office, we upped our investments in American energy to reduce our dependence on foreign oil and strengthen our own energy security.  And today, the number-one oil and gas producer in the world is no longer Russia or Saudi Arabia.  It’s America. For the first time in nearly two decades, we now produce more oil than we buy from other countries.  We’re advancing so fast in this area that two years ago I set a goal to cut our oil imports by half by – in half by 2020, and we’ve actually – we will meet that goal this year, six years ahead of schedule.” 

It’s good to hear the president talking about the benefits to America of resurgent oil and natural gas production here at home. He’s right: The United States is the world’s No. 1 producer of natural gas and is poised to be No. 1 in oil production. He’s also right that this domestic output has cut imports significantly, putting America on a path to zero net imports in the foreseeable future – a good bench mark for something everyone wants: genuine U.S. energy security.

Now let’s talk plainly.

These energy developments and their benefits have occurred without much help from this White House. They’ve happened even as the president’s actions and those of his administration have fallen well short of his “all-of-the-above” rhetoric on energy.

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More Good News on Methane Emissions

greenhouse gas emissions  methane emissions  oil and natural gas development  epa  hydraulic fracturing  horizontal drilling 

Mark Green

Mark Green
Posted September 30, 2014

Some talk – some take to the streets – pushing for reductions in greenhouse gas emissions. The oil and natural gas industry is actually doing it. New EPA data supports:

  • Methane emissions from oil and natural gas systems decreased 12 percent since 2011.
  • The largest reductions come from hydraulically fractured natural gas wells – down 73 percent since 2011.
  • Industry’s overall greenhouse gas emissions (CO2 equivalent) decreased 1 percent in 2013 compared to 2012.
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Intangible Costs, Real Benefits

energy investment  cost recovery  intangible drilling costs  tax policy  oil and natural gas development 

Mark Green

Mark Green
Posted September 18, 2014

Since its inception the U.S. tax code has allowed taxpayers to recover business costs and be taxed only on net income – the idea being that quick recovery of costs would help spur reinvestment and support business expansion. This, in turn, boosts the economy and serves the national interest.

It is working in energy. Because of the cost of drilling wells and the need to invest in a depleting asset, cost recovery and reinvestment is an important part of the reason America has an energy revolution today. Mechanisms like the one for intangible drilling costs (IDC) help support the entrepreneurial risk-taking and investment that keep the revolution going.

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Let’s Grow the Workforce to Sustain Our Energy Renaissance

oil and natural gas development  education  workforce  women in energy industry 

Jack Gerard

Jack Gerard
Posted September 18, 2014

America’s oil and natural gas industry supports 9.8 million U.S. jobs and 8 percent of the U.S. economy. Industry’s extensive network of 30,000 vendors, suppliers, and contractors create and support jobs and grow the economy in every state in the union and almost every congressional district.

What this speaks to is the unprecedented opportunity created by America’s 21st century energy renaissance, which is a direct result of technical advances in the U.S. oil and natural gas industry.  If we seize this moment in our history and work together on energy policies that promote the safe and responsible development of our nation’s enormous energy resources, our industry will not only create and support millions of well-paying jobs far into the future, but also make America a global energy superpower for generations.

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Video: Life Cycle of a Fracked Well – Listening, Planning, Safe Development

hydraulic fracturing  fracking  safe operations  community  oil and natural gas development 

Mark Green

Mark Green
Posted September 17, 2014

Check out a new video from Colorado by Anadarko that follows the life cycle of a well using advanced hydraulic fracturing and horizontal drilling – through the lens of the workers at each stage of development. Starting with discovery, the video captures the engineering, planning, site development, drilling, fracking and completions that result in safe extraction of oil and natural gas.

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America’s Energy Revolution Rolls On

oil and natural gas development  fracking  hydraulic fracturing  shale energy  keystone xl pipeline  energy exports 

Mary Leshper

Mary Schaper
Posted September 15, 2014

(Wall Street Journal): Skeptics of the U.S. energy boom say it can't last much longer because it requires drilling an ever-increasing number of wells.

But the boom already has lasted longer than anyone would have imagined just a decade ago and has more room to run. That's because oil and natural-gas wells have become more productive—an unrecognized but potent trend that should keep the fuels flowing.

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American Energy: Central to Our Lives, Future

energy policies  oil and natural gas development  louisiana  louisiana oil gas association  economic growth  offshore development  onshore development 

Mark Green

Mark Green
Posted September 11, 2014

Interesting energy discussion this week from New Orleans at a town hall event hosted by The Atlantic – where the focus was on infrastructure, jobs and economic growth, and the need for sensible, bipartisan energy policymaking.

There was no better place for such a conversation and certainly no better time – with our ongoing domestic energy revolution lifting the United States to global energy superpower status: No. 1 in natural gas production and expected to be No. 1 in oil production next year. This development is helping drive the economy forward, creating jobs, opportunity and greater U.S. energy security. Indeed, energy’s national economic impact is seen in a new survey of the 30,000 businesses, in every state and the District of Columbia, that support domestic energy development.

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Oil and Natural Gas Jobs, Close to Home

oil and natural gas jobs  economic benefits  oil and natural gas development  energy development  hydraulic fracturing 

Mark Green

Mark Green
Posted September 9, 2014

One way to measure the positive impact of America’s oil and natural gas industry is the 9.8 million jobs it supports nationally, accounting for 5.6 percent of total U.S. employment. Another way to look at our industry’s economic breadth is the size and diversity of supporting businesses, reaching into every state in the union and the District of Columbia.

That’s what you see in a new vendor supply survey unveiled this week, listing 30,000 operators, contractors, service companies, suppliers and other vendors that support oil and natural gas operations. Even if there isn’t an oil or natural gas well site near where you live, chances are good a business that supports the oil and natural gas industry is.

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Making the Most of Our Energy Revolution

oil and natural gas development  job creation  economic growth  pennsylvania  utah  Jack Gerard 

Mark Green

Mark Green
Posted September 5, 2014

Ultimately, America’s energy revolution is what we choose to make of it – through the policy strategies and actions taken by our leaders and governments. Thanks to hydraulic fracturing and horizontal drilling, the United States is enjoying an energy boom – the harnessing of vast reserves of oil and natural gas that power our economy and enable modern lifestyles. Will that revolution be sustained and expanded? That’s America’s energy choice.

On energy, policy matters. During a speech on the impacts of federal energy policy at this week’s Uintah Basin Energy Summit in Salt Lake City, API President and CEO Jack Gerard said America’s energy renaissance is revitalizing some parts of the country while others are being made to wait for energy benefits because of “backward and shortsighted” policy from Washington.

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