News release: “Estimated shale oil and shale gas resources in the United States and in 137 shale formations in 41 other countries represent 10% of the world’s crude oil and 32% of the world’s natural gas technically recoverable resources, or those that can be produced using current technology without reference to economic profitability, according to… Continue Reading
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Search Results for: shale oil
Economic and Budgetary Effects of Producing Oil and Natural Gas From Shale
CBO – “Recent advances in combining two drilling techniques, hydraulic fracturing and horizontal drilling, have allowed access to large deposits of shale resources—that is, crude oil and natural gas trapped in shale and certain other dense rock formations. As a result, the cost of that “tight oil” and “shale gas” has become competitive with the… Continue Reading
New GAO Reports – Oil and Gas Information on Shale Resource, Mortgage Financing, Health Care Fraud, Auditing and Financial Management
Oil and Gas Information on Shale Resources, Development, and Environmental and Public Health Risks, GAO-12-732, Sep 5, 2012 Unconventional Oil and Gas Development – Key Environmental and Public Health Requirements, GAO-12-874, Sep 5, 2012 Mortgage Financing – Fannie Mae and Freddie Mac’s Multifamily Housing Activities Have Increased, GAO-12-849, Sep 6, 2012 Health Care Fraud –… Continue Reading
2012 Oil Shale and Tar Sands Draft Programmatic Environmental Impact Statement
News release: “The Bureau of Land Management (BLM) has published the Notice of Availability (NOA) of the Draft Programmatic Environmental Impact Statement (PEIS) and Possible Land Use Amendments for Allocation of Oil Shale and Tar Sands Resources on Lands Administered by the BLM in Colorado, Utah and Wyoming. The publication opens a 90-day public review… Continue Reading
New GAO Reports: Impact of Potential Oil Shale Development, Maritime Security, EPA Lab Management
Energy Development and Water Use Impacts of Potential Oil Shale Development on Water Resources, GAO-11-929T, August 24, 2011 [See also related postings on shale] Maritime Security – Progress Made, but Further Actions Needed to Secure the Maritime Energy Supply, GAO-11-883T, August 24, 2011 Environmental Protection Agency – To Better Fulfill Its Mission, EPA Needs a… Continue Reading
Reforms U.S. Oil Shale Program Offers New RD&D Leases
News release: “Secretary of the Interior Ken Salazar today took steps to help the country develop technologies that could potentially unlock the nations oil shale reserves while protecting taxpayers, water resources, the environment, and local communities. Pledging to reform the nations oil shale program, Salazar announced that the Department of the Interior is offering additional… Continue Reading
Western Oil Shale Potential: 800 Billion Barrels of Recoverable Oil
News release: “The Department of the Interiors Bureau of Land Management today published proposed regulations to establish a commercial oil shale program that could result in the addition of up to 800 billion barrels of recoverable oil from lands in the western United States. In keeping with the Energy Policy Act of 2005 and the… Continue Reading
GAO Reports – Biosurveillance, Crude Oil Export Restrictions, Helium Stewardship Act of 2013, Info Sec, Medicaid, SBA
Biosurveillance: Additional Planning, Oversight, and Coordination Needed to Enhance National Capability, GAO-15-664T: Published: Jul 8, 2015. Publicly Released: Jul 8, 2015: “Naturally-occurring infectious disease or the intentional use of a biological agent to inflict harm could have catastrophic consequences.” Crude Oil Export Restrictions: Studies Suggest Allowing Exports Could Reduce Consumer Fuel Prices, GAO-15-745T: Published: Jul… Continue Reading
Studying the air above oil and gas production areas in the western United States
NOAA and CIRES lead airborne field campaign to look at climate and air quality impacts: “Vast regions west of the Mississippi River are under development for oil and gas extraction, and the associated equipment has become a familiar sight on any cross-country road trip or flight. But while one focus is on what comes out… Continue Reading
Navigating the US Oil Export Debate
Navigating the US Oil Export Debate. Trevor Houser and Jason Bordoff | January 16, 2015 “Recent innovations in the oil and gas sector have catalyzed a renaissance in US production and a dramatic turnaround in America’s international energy trade position. US crude oil production has increased from 5 million barrels per day (b/d) in late 2006 to 9 million… Continue Reading
A User’s Guide to the Shale Gas Drilling Boom
Smith, James L., The Option to Hold a Petroleum Lease by Production: A User’s Guide to the Shale Gas Drilling Boom (November 28, 2014). Available for download at SSRN: http://ssrn.com/abstract=2531997 “Most oil and gas leases allow the operator to extend possession for an indefinite period by establishing production in paying quantities. We show how this… Continue Reading
40 Percent of Countries with Largest Shale Energy Resources Face Water Stress
Paul Reig and Andrew Maddocks, World Resources Institute: “…extracting natural gas and tight oil from shale poses environmental risks, especially when it comes to water. Hydraulic fracturing requires up to 25 million liters of fresh water per well, meaning shale resources can be hard to develop where fresh water is hard to find—including in some of the world’s fastest-growing… Continue Reading
