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Search Results for: shale oil

US overtakes Saudi Arabia as world’s largest producer of crude oil

Grant Smith, Bloomberg: ” The U.S. will remain the world’s biggest oil producer this year after overtaking Saudi Arabia and Russia as extraction of energy from shale rock spurs the nation’s economic recovery, Bank of America Corp. said. U.S. production of crude oil, along with liquids separated from natural gas, surpassed all other countries this year with daily output exceeding 11… Continue Reading

U.S. Rail Transportation of Crude Oil: Background and Issues for Congress

CRS – U.S. Rail Transportation of Crude Oil: Background and Issues for Congress, May 5, 2014 “North America is experiencing a boom in crude oil supply, primarily due to the growth of heavy crude production in the Canadian oil sands1and the recent expansion of shale oil production in North Dakota, Montana, and Texas. North American production… Continue Reading

U.S. Rail Transportation of Crude Oil: Background and Issues for Congress

CRS – February 6, 2014 – “North America is experiencing a boom in crude oil supply, primarily due to the growth of heavy crude production in the Canadian oil sands and the recent expansion of shale oil production in North Dakota, Montana, and Texas. North American production now supplies 66% of U.S. crude oil demand, displacing crude from Latin… Continue Reading

U.S. crude oil production tops 7 million barrels per day, highest since December 1992

EIA: “U.S. crude oil production exceeded an average 7 million barrels per day (bbl/d) in November and December 2012, the highest volume since December 1992. The end-of-year data were reported on February 27 in EIA’s Petroleum Supply Monthly. Increasing oil production in North Dakota and onshore Texas drove the increase in U.S. crude oil production… Continue Reading

New GAO Reports: Defense Management, Homelessness, Patient-Centered Outcomes Research Institute, Unconventional Oil and Gas Production Opportunities

Defense Management – Actions Needed to Evaluate the Impact of Efforts to Estimate Costs of Reports and Studies, GAO-12-480R, May 10, 2012 Homelessness – Fragmentation and Overlap in Programs Highlight the Need to Identify, Assess, and Reduce Inefficiencies, GAO-12-491, May 10, 2012 Patient-Centered Outcomes Research Institute – Review of the Audit of the Financial Statements… Continue Reading

EPA Releases Draft Permitting Guidance for Using Diesel Fuel in Oil and Gas Hydraulic Fracturing

Follow up to previous posting on fracturing, on May 4, 2012 “the U.S. Environmental Protection Agency (EPA) released draft underground injection control (UIC) program permitting guidance for class II wells that use diesel fuels during hydraulic fracturing activities. EPA developed the draft guidance to clarify how companies can comply with a law passed by Congress… Continue Reading

Appalachian Shale Recommended Practices Group Recommended Standards and Practices

Follow up to previous postings on Hydraulic Fracturing, see this new Fact Sheet: “Appalachian Shale Recommended Practices Group has the following aspirational and recommended standards and practices for exploring for and producing natural gas and oil from Appalachian shales that we believe provide a framework for protecting workers, the environment and the communities in which… Continue Reading

Managing the Risks of Shale Gas: Identifying a Pathway toward Responsible Development

“For decades, natural gas has played an important role in electricity generation, industrial uses, and heating in the United States—and with recent improvements in horizontal drilling and hydraulic fracturing (“fracking”) of shale formations, drillers can now access a vastly greater amount of gas at lower cost than in the past. The rapid growth in drilling… Continue Reading

Preliminary Revised Draft SGEIS on the Oil, Gas and Solution Mining Regulatory Program (July 2011)

New York State Department of Environmental Conservation: Preliminary Revised Draft Supplemental Generic Environmental Impact Statement On The Oil, Gas and Solution Mining Regulatory Program Well Permit Issuance for Horizontal Drilling And High-Volume Hydraulic Fracturing to Develop the Marcellus Shale and Other Low-Permeability Gas Reservoirs. More about Preliminary Revised Draft SGEIS on the Oil, Gas and… Continue Reading

NY: Updated Study of High Volume Facturing in Marcellus Shale

Horizontal Drilling and High-Volume Hydraulic Fracturing in the Marcellus Shale and Other Low-Permeability Gas Reservoirs, July 2011: ““High-volume hydraulic fracturing” (“HVHF”) is a gas well stimulation technique that has greatly increased the ability to extract natural gas from very tight rock. HVHF, which is often used in conjunction with horizontal drilling and multi-well pad development,… Continue Reading