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Energy Tomorrow Blog

Jobs Delayed in New York: Energy Story Remains Unfinished

oil and natural gas development  new york  new york drilling moratorium  hydrofracking  fracking  economic growth  marcellus 

Mark Green

Mark Green
Posted April 21, 2014

Probably nowhere is the economic impact of shale energy development more dramatic than in the contrast between two neighboring states – Pennsylvania and New York. The former allows hydraulic fracturing in the energy-rich Marcellus shale belt that runs through much of the state, the latter doesn’t – even though the Marcellus continues into the Empire State and could provide a big jobs boost on its Southern Tier.

Indeed, while New York is not a top producing state, the oil and natural gas industry still is driving strong job creation and economic growth. In a PwC study, New York ranked 7th in the country in overall impact from oil and natural gas development.

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Growing Opportunities Because of American Shale Development

marcellus  hydraulic fracturing  manufacturing  ethanol 

Mary Leshper

Mary Schaper
Posted November 26, 2013

Marcellus Goliath Transforms Region

Bloomberg:  Beneath the rolling pastures and woodland of western Pennsylvania, a corner of Appalachia dotted with Victorian main streets and white church steeples, a radical shift is under way.

In Punxsutawney, home to a groundhog named Phil who prognosticates the weather each February, a $2.8 million hotel is under construction. A few miles away in DuBois, metal fabricator Staar Distributing LLC is expanding to neighboring Brookville. All this development is coming to an economically depressed region that lies atop the Marcellus shale, a rock formation that produces more natural gas than Saudi Arabia.

Output from shale deposits including the Marcellus has surged 10-fold since 2005 to account for a third of the country’s gas production, government data show. The boom has eliminated a regional price premium, redirected pipeline flows and left the nation poised to export the fuel overseas after cutting imports by 44 percent since 2007. It’s also helped make the U.S. 86 percent energy independent, the most since 1986.

“The Marcellus is a Goliath,” David Schlosser, senior vice president for engineering and strategic planning at EQT (EQT) Corp., one of the four largest gas producers in the Marcellus, said in an Oct. 31 interview at the company’s headquarters in Pittsburgh. “In some ways, we’re just at the tip of the iceberg.”

 

Read more: http://bloom.bg/1icRd9o

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Shale Development is Reshaping America’s Energy Industry for the Better

Environment  Economy  hydraulic fracturing  marcellus 

Mary Leshper

Mary Schaper
Posted October 10, 2013

U.S. Poised to Pass Russia as World’s Largest Petroleum Producer – and the Bakken is Helping Make That Happen

Dickinson Press: The U.S. is poised to pass Russia as the world’s top oil and gas producer, according to a new report, and North Dakota’s congressional delegation said they believe it is largely due to the state’s Bakken energy play.

Citing U.S. Energy Information Administration and International Energy Agency numbers, the Wall Street Journal reported last week that the U.S. is poised to overtake its former Cold War rival in the production of oil and natural gas sometime later this year.

Sen. Heidi Heitkamp, D-N.D., on Wednesday joined Sen. John Hoeven, R-N.D., and Rep. Kevin Cramer, R-N.D., in citing North Dakota’s booming Bakken shale play — which also spills over into Montana and the Canadian province of Saskatchewan — as a key contributing factor.

Read more: http://bit.ly/GIcFSK

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Energy Today – August 28, 2013

hydraulic fracturing  jobs  marcellus  water  regulations 

Mary Leshper

Mary Schaper
Posted August 28, 2013

The Infrastructure Supporting America’s Energy Renaissance Begins in Texas

Fuel Fix Blog: While many states throughout the nation struggle to make ends meet, surrounded by economic uncertainty, Texas is booming. Robust investment in the energy industry – from deep-water drilling to above ground production, and everything in between – has allowed the state to succeed despite an inconsistent U.S. economy.

None of this is news to those living in the Lone Star State – and in fact Texas has received a steady stream of national attention for its economic success – however it is worth noting that a key reason for such outstanding growth has been the investment in and development of our nation’s extensive energy infrastructure.

In April 2013 alone, Texas created over 33,000 jobs, which is more than any other state in the country, and nearly one-fifth of all the jobs created in the United States.

Read more: http://bit.ly/1dQjBcL

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Energy Today – August 16, 2013

ethanol  rfs34  marcellus  north dakota 

Mary Leshper

Mary Schaper
Posted August 16, 2013

USA Today – Our View: Ethanol Quotas Pump Money from Your Pocket

USA Today’s editorial says that the increasing ethanol mandate is “bad public policy” that the “Obama administration has some flexibility to lower mandates, but a better approach would be to repeal the law entirely.”

City Journal – The View from Marcellus

Hydraulic fracturing “brings breathtaking economic and environmental benefits – at least to places that welcome it,” writes James Panero. He also notes that in 2000, shale produced only 2 percent of our domestic oil and natural gas supply. According to government studies, 50 percent now comes from shale and unconventional sources. 

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Hydraulic Fracturing in PA: Safety and Professionalism

hydraulic fracturing  fracking  natural gas  oil  marcellus  Environment 

Mark Green

Mark Green
Posted August 1, 2013

There’s much that impresses about hydraulic fracturing if you see it up close, which I did during a recent tour of Anadarko Petroleum natural gas operations near Williamsport, Pa.: the technology, the company’s highly skilled workers, the game-changing resource opportunities in the Marcellus Shale and more. 

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VIDEO: Creating Jobs, Protecting the Land

hydraulic fracturing  natural gas  marcellus 

Mary Leshper

Mary Schaper
Posted July 30, 2013

In this video, Dan Roupp, a third generation Pennsylvania timber and lumber farmer, notes the safety of oil and natural gas development through hydraulic fracturing in Lycoming County: 

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Energy Today – June 24, 2013

e15  Economy  gasoline  ethanol  hydraulic fracturing  Marcellus Shale  Security and Access  renewable fuel standard  revenue  Utica 

Mary Leshper

Mary Schaper
Posted June 24, 2013

AP - Boost For Cars or Bust? 

AP reports on the debate surrounding the Renewable Fuel Standard and E15 gasoline after a recent ruling by the Supreme Court. "The ever increasing ethanol mandate has become unsustainable, causing a looming crisis for gasoline consumers," API's Bob Greco said. "We're at the point where refiners are being pressured to put unsafe levels of ethanol in gasoline, which could damage vehicles, harm consumers and wreak havoc on our economy."

Houston ChronicleEnergy Surge Spreads Its Wealth Around City

Houston is arguably the center of American energy. With the surge in domestic energy, the city’s business sector – and revenues – has grown over the last few years. The Chronicle highlights the “vibrant metropolitan area.”

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Shale Energy Development = Opportunity for Pennsylvanians

jobs  marcellus  Shale  tax revenue  royalties 

Mark Green

Mark Green
Posted June 14, 2013

The energy stimulus from shale development last year in Pennsylvania is big – big as in approaching a number with nine zeroes:

  • $202.4 million collected in state impact fees from energy producers.
  • $731 million in rents and royalties paid to land and mineral rights owners.

That’s nearly $1 billion from the oil and natural gas industry in terms of tax revenues for government to allocate (more below) and payments to individuals.

Pennsylvania officials announced this week $202,472,000 was collected in producer-paid impact fees in 2012. About $204 million was collected for 2011, bringing the two-year total to more than $406.6 million, state officials said. Public Utility Commission Chairman Robert F. Powelson:

“The PUC is entrusted by the Governor and the legislature with the collection and distribution of the Impact Fee monies. Again, we have met all of the deadlines in the legislation, which contains a complex and specific formula for getting this money into the hands of local communities.”

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Energy Today – June 13, 2013

arctic  emissions  epa  marcellus  natural gas  regulations 

Mary Leshper

Mary Schaper
Posted June 13, 2013

Wall Street JournalU.S. Oil Notches Record Growth

In the latest sign that  the shale revolution is remaking world energy markets,  the WSJ cites BP’s 2012 Statistical Review showing crude production in the U.S. jumped 14 percent last year to 8.9 million barrels a day. (subscription publication).

Pittsburgh Post-Gazette Pennsylvania to See $202.47 Million in Per-Well Fracking Impact Fees

A new Pennsylvania Public Utility Commission report notes that more than $200 million from hydraulic fracturing impact fees will be distributed to local governments across the state. Bradford County in the state's northeast will collect the most at $7.3 million while Washington is second at $4.7 million. Lycoming and Tioga counties follow with $4.4 million each.

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