Energy Tomorrow Blog
Posted September 19, 2013
Eagle Ford Oil Expected to Surpass 1 Million Barrels Per Day Next Year
Fuel Fix Blog: SAN ANTONIO, Texas — Eagle Ford Shale oil production is expected to reach 1 million barrels per day next summer — and keep growing as operators add tens of thousands of more wells to the giant South Texas field.
“This is a huge oil producer,” said Subash Chandra, a managing director and at the investment banking firm Jefferies & Co. He spoke Wednesday to more than 4,000 people attending Hart Energy’s third annual DUG Eagle Ford Conference at the Convention Center.
More than 11,100 wells have been permitted in the Eagle Ford since 2008, but the research firm DrillingInfo estimates there are at least another 85,000 wells left to drill in the field.
Read more: http://bit.ly/1a7zh8l
Posted September 19, 2013
Five years … and counting. The Keystone XL pipeline now has been under consideration by the Obama administration for five years – or about twice as long as it would take to complete the project linking Canada’s oil sands region with U.S. refiners onthe Gulf Coast and longer than a number of iconic projects highlighted here by the folks at Oil Sands Fact Check. So, what have we learned?
First, there’s the power of politics. Opponents of oil sands – and, generally, all fossil fuels – have waged a war of proxy against a shovel-ready project that would create tens of thousands of U.S. jobs, stimulate the economy and make our country more energy secure. Unfortunately, the Keystone XL has been turned into a symbol for an off-oil political agenda that’s detached from fact and reason
Posted September 17, 2013
Containment Measures Mean Lower Methane Leaks from Fracking Than Previously Thought
New York Times: Drilling for shale gas through hydraulic fracturing, or fracking, appears to cause smaller leaks of the greenhouse gas methane than the federal government had estimated, and considerably smaller than some critics of shale gas had feared, according to a peer-reviewed study released on Monday.
The study, conducted by the University of Texas and sponsored by the Environmental Defense Fund and nine petroleum companies, bolsters the contention by advocates of fracking — and some environmental groups as well — that shale gas is cleaner and better than coal, at least until more renewable-energy sources are developed. More than 500 wells were analyzed.
Posted September 16, 2013
Let’s see: Five years is 1,825 days, which is a pretty long time. Long enough to build the Hoover Dam, and long enough for Michelangelo to paint the ceiling of the Sistine Chapel. It’s long enough for Lewis & Clark to explore the American West and for the U.S. and its allies to win World War II.
But it’s not long enough for the Obama administration to approve construction of the full Keystone XL pipeline – and in the process side with 82 percent of Americans who want it built and clear the way for thousands of new U.S. jobs and greater U.S. energy security. Not long enough.
Posted September 16, 2013
Debate Revs as Decision Stalls Over Oil Pipeline From Canada
NPR: Five years ago this week, a Canadian company proposed building a pipeline to send heavy crude oil from Alberta to U.S. refineries. Although the Obama administration's answer on the Keystone XL pipeline is not expected anytime soon, politicians in Washington and Canada are ramping up the pressure for the project, while environmentalists are pushing hard against it.
Posted September 13, 2013
Texas Oil Production Could Outpace Iran, Iran and Kuwait in a Few Years
International Business Times: Texas oil production continues to surge as the fracking boom frees up previously unreachable oil, and a recent report finds that if the state were an independent country, it would rank 10th overall in production, according to the American Enterprise Institute.
Based on international oil production numbers released by the Energy Information Administration, the current pace of annual increase in Texas was 30 percent or more, indicating production could surpass 3 million barrels per day by early 2014 and reach 4 million barrels per day by 2015.
In 2010 Texas, if it were its own separate country, would have been the 20th largest oil-producing country in the world. The rapid increase in oil output over the past few years is attributed to the extraction of unconventional shale oil in the U.S.Read more: http://bit.ly/18WXvRL
Posted September 12, 2013
For Canada, the question of whether the Keystone XL pipeline should be built can be reduced to a handful of clarity producing contrasts – as Canadian Ambassador to the U.S. Gary Doer framed for a group of reporters this week:
Does the U.S. choose oil from Venezuela or neighbor and ally Canada?
Do we transport that oil by pipeline, in an environmentally safe and cost-effective manner, or by other means?
Do we choose infrastructure construction, meaning thousands of U.S. jobs and economic stimulus, or the status quo?
Posted September 5, 2013
How America’s Oil and Natural Gas Revolution is Helping Consumers and Workers
CNN Money (Daniel Yergin): The rapid rise in shale gas and tight oil in the United States constitutes nothing less than a revolution in oil and natural gas. No longer can there be any doubt about the dramatic change in America's energy position. U.S. oil production is up 50% since 2008, when we were supposedly slated to run out of oil. Natural gas production has increased by 33% since 2005, and shale gas alone now constitutes about 45% of total natural gas production.
This revolution is not just about energy production; it's an economic story along several dimensions, whether measured in consumers' pocketbooks, jobs, U.S. manufacturing output, or America's increased competitiveness in the world economy. This has occurred amid a half-decade of deep recession and high unemployment. Indeed, without the boost from the unconventional oil and gas development, the U.S. economic picture would have looked even worse over the last few years.
Read more: http://bit.ly/15ClGse
Posted August 23, 2013
High-volume hydraulic fracturing natural gas development has made increased production of shale gas and oil economically attractive. With increased production of natural gas, the price according to BCG has declined 51% since 2005. And, technology is projected to result in further lowering production costs. This is a big advantage over our competitors that have natural gas prices that are 2.6 to 3.8 times greater than our domestic prices in America.
Posted August 22, 2013
Shale, Fracking Are Not the main Cause of Texas Water Shortages
One of the challenging aspects of shale oil and gas development in the United States comes from the fact that some of the large shale reservoirs are located in areas that are arid or semi-arid. Some, like the Eagle Ford and Cline Shales in Texas and the Niobrara in Colorado, are affected by ongoing drought conditions. This reality can make the sourcing of water for hydraulic fracturing operations a difficult undertaking.