shale

Methane hydrates seen as viable energy for future

Source: 
National Journal

As extraction costs decrease and the Energy Department renews focus on research, some scientists say methane hydrates, gas trapped in ice, have strong potential to be a major source of U.S. energy in the future, National Journal reports.

France lawmakers call for limited fracking to estimate reserves

Source: 
Bloomberg

A group of French lawmakers called for the nation to allow hydraulic fracturing at research wells to gauge its shale oil and gas reserves, Bloomberg reports.

Storage pond at Alberta coal mine spills contaminated water into river

Source: 
Bloomberg

The Alberta Environment Ministry issued a drinking water warning after a storage pond at the Obed Mountain coal mine spilled water contaminated with coal and shale particles into the Athabasca River, Bloomberg reports.

Oil

Reuters poll: Shale will lead to much cheaper oil in next few years

Source: 
Reuters

A Reuters survey of energy and financial analysts projected that the cost of Brent crude will average 95 dollars a barrel -- 80 dollars in real terms -- in 2020. That's a drop of 20 dollars since last year's survey, and it's thought due to the shale boom.

Shale opponents see short-term, costly boom

Source: 
Bloomberg

A number of skeptics of the continued potential of shale drilling say the process will result in a short-term boom with high financial and environmental consequences, Bloomberg reports.

Oil

OPEC acknowledges role of shale development on world oil supply

Source: 
Reuters
In its annual World Oil Outlook, OPEC said the development in extracting oil and gas from shale is resulting in an expansion of the global oil supply, Reuters reports.
Oil

Experts: Ohio gov's $1T oil, gas price tag wrong

COLUMBUS, Ohio (AP) — Ohio Gov. John Kasich's claim that a single energy company could recover $1 trillion worth of oil and gas from the state's shale is an exorbitant overestimate, according to experts interviewed by The Associated Press.

At current oil prices, that figure represents more than four times U.S. oil production last year. Viewed another way, every drop of oil produced in America for the next four years will be worth roughly $800 billion, based on current prices and production rates.

India to allow foreigners to bid on shale gas

Source: 
The Wall Street Journal

India will permit foreign companies to bid for rights to drill for shale gas licensing, The Wall Street Journal reports.

Shell remains hopeful about natural gas prices

Source: 
FuelFix

Shell continues to prepare for increased natural gas development as it waits for lagging prices to rise, FuelFix reports.

Oil

Overweight trucks take toll on North Dakota oil patch roads

Source: 
The Associated Press

The number of oversize and overweight trucks using county roads and bridges in North Dakota’s oil patch has more than doubled in three years, and while counties are collecting millions of dollars in permit fees, officials say the money isn’t enough or even earmarked for road maintenance, The Associated Press reports.

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