Energy In Depth is your source for staying up-to-date with the Marcellus Shale. Catch up with the latest news, see what buzz is surrounding shale developments, and even join the conversation with other bloggers who share your passion for the industry.
As horizontal drilling and hydraulic fracturing technology have advanced, natural gas production has increased in the Marcellus Shale and neighboring Utica Shale. Both shales now lead the nation in supplying 85% of all natural gas production.
There are many opinions and beliefs regarding the energy industry’s practice of fracking. A number of myths have been perpetuated from a long line of Hollywood actors and activists. Check out this video on some of the top fracking myths and why they are just that: myths. Don’t be fooled, fracking is fundamentally safe and the risks are very manageable.
During a speech at Northwestern University earlier in the month, President Obama surprised many in the anti-fracking crowd with strong support for domestic oil and natural gas production. President Obama spoke on the economic benefits, as well as the energy independence, provided by domestic natural gas exploration.
The President again called out America’s 100 year supply of natural gas, noting that our abundant natural energy resources were a prime factor in drawing jobs back from overseas plants and manufacturing centers. Energy In Depth staff member Ben Seifer notes that low-cost, abundant domestic energy sources “go hand-in-hand with a healthy manufacturing sector, which uses the fuel as a key feedstock.”
Mr. Seifer further noted that abundant, affordable supplies of natural gas have helped kickstart a resurgence in domestic manufacturing, due to energy rates that are 2.6 to 3.8 lower than overseas competitors, according to a report from the Boston Consulting Group.
President Obama had this to say on the matter: “American manufacturing has added more than 700,000 new jobs. It’s growing almost twice as fast as the rest of the economy. And more than half of all manufacturing executives have said they’re actively looking at bringing jobs back from China.”
How productive have America’s domestic hydraulic fracturing programs been in contributing to our national energy reserves?
“Today, the number one oil and gas producer in the world is no longer Russia or Saudi Arabia; it’s America. For the first time in nearly two decades, we now produce more oil than we buy from other countries. We’re doing it so fast that two years ago, I set a goal to cut our oil imports in half by 2020 – and we will meet that goal this year.”
There you have it.
The following video from the American Petroleum Institute discusses the planning process for energy recovery in the Marcellus Shale.
Learn more in this article form Energy In Depth.
A slideshow created by the Penneco Oil Company that showcases how Penneco is investing in America’s future through oil and natural gas drilling and prodcution. It provide information on the oil and gas drilling processes, highlighting the benefits of investing in the oil and gas industry.
Penneco Oil Company and its drilling associates recently began drilling horizontal wells in the Appalachian Basin and Wyoming. Multi-well pads are quickly becoming the norm for today’s drilling protocol as the oil and gas industry increasingly utilizes the benefits of drilling from this new technology. Continue reading