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Energy Tomorrow Blog

Energy for America’s Today and Tomorrow

news  shale energy  oil and natural gas development  access  north dakota  energy exports  hydraulic fracturing  lng exports  new york drilling moratorium 

Mark Green

Mark Green
Posted May 14, 2015

Wall Street Journal: After slashing production for months, U.S. shale-oil companies say they are ready to bring rigs back into service, setting up the first big test of their ability to quickly react to rising crude prices.

Last week, EOG Resources Inc. EOG, -0.08%  said it would ramp up output if U.S. prices hold at recent levels, while Occidental Petroleum Corp. OXY, +0.93%  boosted planned production for the year. Other drillers said they would open the taps if U.S. benchmark West Texas Intermediate CLM5, -0.88%   reaches $70 a barrel. WTI settled at $60.50 Wednesday, while global benchmark Brent LCOM5, -0.13% settled at $66.81.

An increase in U.S. production, coupled with rising output by suppliers such as Russia and Brazil, could put a cap on the 40% rally in crude prices since March and even push them lower later in the year, some analysts say.

“U.S. supply could quickly rebound in response to the recent recovery in prices,” said Tom Pugh, a commodities economist at Capital Economics. “Based on the historical relationship with prices, the fall in the number of drilling rigs already looks overdone, and activity is likely to rebound over the next few months.”

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Access to Reserves is Key to Energy Production

news  arctic  oil and natural gas development  permian basin  pennsylvania  new york  hydraulic fracturing  infrastructure  gasoline prices  offshore energy 

Mark Green

Mark Green
Posted May 12, 2015

Wall Street Journal: The U.S. government Monday conditionally approved Royal Dutch Shell PLC’s plans to drill in the Arctic Ocean this summer, removing the biggest remaining obstacle before the company can explore for oil and natural gas in the Arctic’s frigid, isolated waters.

The announcement adds to a mix of decisions by the Obama administration that have restricted and granted new domestic fossil-fuel development.

Though affecting just one company, the approval is a victory for the oil-and-gas industry, which has criticized recent regulations affecting the sector, including tougher requirements on hydraulic fracturing and trains hauling flammable oil. Monday’s approval is tied to regulations proposed by the government in February for Arctic drilling operations off the coast of Alaska that could pave the way for additional companies exploring in the region.

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Technology is Driving Industry Innovation

innovation  technology  jobs  fracking  new york  maryland  pipelines  gulf 

Mary Leshper

Mary Schaper
Posted March 31, 2015

TribLive (Blog): I was taken with the mud the moment they told me it could talk. I had some built-up interest, sure. But its communicative abilities really were the clincher for me. This is the story of how I explored a drilling rig, discovered drilling mud, and got pretty into it.

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Energy Exports and Fueling the Energy Revolution

american energy  lng exports  exports  Economy  fracking  new york  pennsylvania 

Mary Leshper

Mary Schaper
Posted March 27, 2015

LNG Wold News Blog: Dominion said it has celebrated with its international business partners and Maryland community leaders the construction of the Dominion Cove Point LNG liquefaction project. Kenichiro Sasae, the Japanese ambassador to the United States, and Maryland Gov. Larry Hogan joined Dominion Chairman Thomas F. Farrell II at the ceremony, along with Diane Leopold, president, Dominion Energy; Kazuhiro Takeuchi, president, CEO, and general manager for the Americas, Sumitomo Corp of Americas; Jayanta Sinha, president, GAIL Global U.S.A., and Steven R. Weems, president, Calvert County Board of County Commissioners.

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U.S. Energy and Policy Choices

american energy  fracking  ethanol  rfs34  colorado  new york  exports 

Mary Leshper

Mary Schaper
Posted March 6, 2015

Denver Business Journal: Colorado posted a new record for oil production in 2014, with more than 82.8 million barrels of crude oil pumped from the ground — about 85 percent of it from Weld County oil and natural gas wells, according to a Denver Business Journal analysis of figures posted on the Colorado Oil and Gas Conservation Commission (COGCC) website. The state, along with the nation, has ridden a boom in oil development and production in the last few years.

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American Energy Continues to Boom

oil and natural gas development  texas  colorado  shale energy  new york  liquefied natural gas  lng exports 

Mary Leshper

Mary Schaper
Posted March 4, 2015

AEI Carpe Diem Blog: The Energy Information Administration (EIA) released new state crude oil production data last week for the month of December, and one of the highlights of that monthly report is that oil output in America’s No. 1 oil-producing state – Texas – continues its phenomenal, eye-popping rise. Here are some details of oil output in “Saudi Texas” for the month of December and the economic impact that production is having on the state and national economies:

For the ninth straight month starting in April 2014, oil drillers in Texas pumped out more than 3 million barrels of crude oil every day (bpd) during the month of December.

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The Wide-Ranging Benefits of American Energy

american energy  Economy  Energy Security  Environment  jobs  new york  pennsylvania  fracking  alaska  arctic 

Mary Leshper

Mary Schaper
Posted February 20, 2015

EIA Today in Energy: Working natural gas in storage has surpassed five-year average levels for the first time in more than a year. At 2,157 billion cubic feet (Bcf) as of February 13, stocks are 58 Bcf greater than the five-year average. Recent extremely cold weather may result in high stock withdrawals for the week ending February 20, which could again push stocks below their five-year average. However, natural gas production in February and March that is forecast to average 5 Bcf/day above the year-ago level is likely to contribute to healthy inventories and moderate prices as the nation moves from winter into spring.

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Seizing Our Energy Moment

crude oil  exports  infrastructure  permit delays  regulation  education  hydraulic fracturing  fracking  pipelines  new york natural gas 

Mary Leshper

Mary Schaper
Posted January 22, 2015

The Bakken Magazine: “Do not pass Go. Do not collect $200.”

This is the dreaded phrase on the “Go to Jail Card” that you’ve likely drawn, or at least heard of, when playing the game of Monopoly. Drawing this card is an all-around bummer. You lose a chance at scooping up valuable property before others do, you don’t get to collect $200 that you might need to purchase property, and it increases the chance that you lose the game. But at least it’s just a game. Right?

Wrong. What many people probably don’t realize is that we’re in a real-life game similar to Monopoly, but this one is focused on the global oil market, not property. And, it just so happens that we’re stuck holding the “Do not pass Go” card.

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Needed: Sound All-of-the-Above Energy Policies

american energy  policy  fracking  climate change  gasoline prices  new york  keystone xl pipeline 

Mary Leshper

Mary Schaper
Posted January 15, 2015

President Obama is doing a two-step when it comes to fossil fuels. Obama and White House officials clear their throats by praising the oil and gas boom, and even taking a measure of credit for it, before moving on to the specific topic at hand. There has been a surge in domestic oil and gas production. Gasoline prices keep falling. The natural-gas boom has helped the manufacturing sector. And the combination of oil-production increases and low prices has boosted the U.S.'s foreign policy leverage against petro-states.

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Energy is Making America Stronger

gasoline prices  hydraulic fracturing  fracking  horizontal drilling  imports  oil and natural gas production  new york 

Mark Green

Mark Green
Posted December 29, 2014

The Week: One of the biggest stories of 2014 has been the astonishing drop in global oil prices. The price of the benchmark Brent crude went from over $100 per barrel at the beginning of the year to the $60 range as of this writing.

It's worth noting how massive and completely unexpected this price drop has been.

And it's worth noting how good it is for the U.S. economy. The price of oil is one of the biggest drags on consumer demand, the largest driver of the economy.

And to what do we owe this miraculous event?

In a word: fracking.

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