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Energy Tomorrow Blog

Strengthening America’s Energy Potential

news  energy exports  crude oil production  offshore energy development  ozone proposal  hydraulic fracturing  innovation  technology  alaska  arctic 

Mark Green

Mark Green
Posted May 15, 2015

Bloomberg BNA: The chairman of the Senate Energy and Natural Resources Committee said May 14 that she is inclined to include standalone legislation that would end the 40-year ban on the export of domestic crude oil as part of a broader energy package the committee is drafting.

“I’d like to have it in there,” Sen. Lisa Murkowski (R-Alaska) told reporters. “It just makes sense in there, as part of the bigger, broader energy updating our architecture.”

The bill, the Energy Supply and Distribution Act of 2015 (S. 1312), released May 13, is scheduled to be the subject of a June 4 hearing on “energy accountability and reform,” along with other bills that could end up in the broader energy package, which is expected to be unveiled later this summer.

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Encana’s Suttles: Keeping Sight of Energy’s Benefits

encana  analysis  shale energy  oil and natural gas development  unconventional oil  unconventional gas  canada  hydraulic fracturing  horizontal drilling  economic growth  investments  technology innovation 

Mark Green

Mark Green
Posted May 12, 2015

Encana President and CEO Doug Suttles participated in the U.S. Chamber of Commerce’s CEO Leadership Series last week with a luncheon address and a Q&A session with Linda Harbert of the Institute for 21st Century Energy. Highlights of the conversation below. Suttles joined Alberta-based Encana as president and CEO in June 2013. He has 30 years of oil and natural gas industry experience in various engineering and leadership roles. Before joining Encana, Suttles held a number of leadership posts with BP, including chief operating officer of BP Exploration & Production and BP Alaska president.  

Q: You opened your talk by saying I’m a North American energy company. … Can you shed a little light on the differences and similarities between operating in Canada and the U.S.?

Suttles: They’re not as big as many people would think. First of all, in the places we operate – Colorado, Wyoming, New Mexico, Texas, Louisiana and Mississippi, and then Alberta and British Columbia – these are all natural resource states, and they understand that and I think the people and political leaders understand the importance, too. Both countries have high environmental expectations.

Probably the biggest difference you’d really see between them is the remoteness of operations, which creates a unique challenge in Canada. Many of our operations are away from large towns and cities … But you have an environment where I think people understand the benefits of our industry. They promote the industry, they support it.

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Energy Exports and Global Leadership

news  energy exports  crude oil  shale energy  utica shale  alberta oil sands  infrastructure  technology innovation  water management  keystone xl pipeline 

Mark Green

Mark Green
Posted May 6, 2015

BloombergBusiness: The U.S. will become one of the world’s largest oil exporters if domestic production continues to surge and policy makers lift a four-decade ban that keeps most crude from leaving the country, a government-sponsored study shows.

America would be capable of sending as much as 2.4 million barrels a day overseas in 2025 if federal policy makers were to eliminate restrictions on most crude exports, an analysis by Turner, Mason & Co. for the Energy Information Administration shows. That would make the U.S. the fourth-largest oil exporter, behind Saudi Arabia, Russia and the United Arab Emirates, based on 2013 EIA data. The report assumes domestic output rises by 7.2 million barrels a day from 2013.

The analysis is part of a series of studies the U.S. government is performing following a 71 percent surge in domestic oil production over the last four years. Drillers including Harold Hamm of Continental Resources Inc. and John Hess of Hess Corp. have been calling on the government to lift the ban on crude exports as they pump more light oil out of shale formations from North Dakota to Texas.

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Energy, Exports and Production

energy exports  oil and natural gas development  economic growth  ozone  regulation  pipelines  innovation  technology 

Mark Green

Mark Green
Posted April 14, 2015

The National Interest (James Jay Carafano): Increasing American production and export of energy is a win-win-win proposition. It would enhance our national security, make international energy markets more free, and address environmental issues realistically. The next president should lead the campaign for an American energy export agenda. In the meantime, the present Congress can do much to prepare for the march.

The acme of presidential leadership is crafting policies that make the nation safe, free, and prosperous. Satisfying all three priorities is often the Oval Office's greatest challenge. It is like single-handedly trying to get squabbling triplets into their car seats. Yet, the confluence of geopolitics, America's energy abundance, and economic and environmental realities offers an almost unprecedented opportunity to do this successfully.

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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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Innovation Fuels America’s Energy Renaissance

american energy  innovation  technology  fracking  methane  keystone xl pipeline  anwr  arctic 

Mary Leshper

Mary Schaper
Posted February 19, 2015

TribLive: Mud makes it all possible. “Every component on that rig has something to do with that mud,” said Andrew Zeni, rig supervisor for Consol Energy Inc. “You couldn't drill a Marcellus or Utica well without mud.” This rather unsophisticated-looking brown sludge is a multipurpose tool carefully concocted, mixed and managed to clear a path for gas to surface from 7,500 feet below.

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Technology, Innovation Fuel America’s Energy Surge

technology  innovation  fracking  methane  emissions  jobs 

Mary Leshper

Mary Schaper
Posted December 9, 2014

The Hill: Methane leaks from natural gas drilling and production have fallen from the last estimate more than a year ago, according to a study sponsored by the industry and an environmental group.

 

Leaks of methane, the main component of natural gas, now represent 0.38 percent of production volumes, according to the study released Tuesday.

That is 10 percent lower than what the same University of Texas research team found in September 2013. Methane is a greenhouse has about 20 times more potent than carbon dioxide.

“Study after study shows that industry-led efforts to reduce emissions through investments in new technologies and equipment are paying off,” Howard Feldman, director of regulatory and scientific affairs at the American Petroleum Institute, said in a statement.

 

“This latest study shows that methane emissions are a fraction of estimates from just a few years ago,” he said.

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Energy and the Intersection of Policy, Innovation and Business

american energy  energy policy  oil and natural gas development  congress  innovation  technology 

Mark Green

Mark Green
Posted November 12, 2014

See video below of Thursday's event, hosted by The Hill newspaper, that featured discussion of the energy policy issues that are likely to be front and center in the new Congress, which will have a new Senate majority.

Discussion focused on what’s next in the energy sector – from industry in terms of innovation and other advancements that affect energy development, and from Washington policymakers on Capitol Hill and within the administration.

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Constant Innovation, Constant Improvement

api standards program  oil and natural gas development  technology innovation  offshore platforms  infrastructure 

Mark Green

Mark Green
Posted November 12, 2014

Newly published API recommended practices for offshore structures supporting oil and natural gas drilling and production operations – reflecting technological advances and updated design applications – can help improve planning, construction and maintenance of important energy infrastructure. They are intended to work together to enhance the approach to offshore structural design.

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Thanks Fracking: Soaring U.S. Energy is Stabilizing the Global Market

hydraulic fracturing  fracking  shale benefits  economic growth  manufacturing  technology 

Mary Leshper

Mary Schaper
Posted September 16, 2014

Steve LeVine (Quartz): Oil prices continue to plunge today despite the beheading of another western hostage by the Islamic State, tensions between Russia and the West, and mayhem in Libya. As Quartz has reported, one of the main reasons is surging US oil production, which has made up for supply disruption almost barrel for barrel—and is also a bad sign for the leaders of petrostates.

Now we have an estimate of where oil prices might have been absent the American oil boom—a sobering $150 a barrel, former BP CEO Tony Hayward told the Financial Times (paywall).

That’s 55% higher than the current benchmark price of $96.27 that was trading in Asia this morning. If Hayward’s number is right, it means that the US boom is saving the global economy about $4.9 billion a day in oil spending.

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