Monthly Archives: May 2015


New Study Reveals Fracking’s Effects on Air Quality Not as Harmful as Expected

New Study Reveals Fracking’s Effects on Air Quality Not as Harmful as Expected

In another finding that supports continued hydraulic stimulation and fracturing in the Marcellus Shale, a new study has found that the effects of fracking on air quality near shale drilling sites is not as bad as previously predicted. The findings, published in the journal Environmental Science and Technology by a group of Drexel University researchers, revealed that air quality in and around fracking wells drilled...

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Not Just for Natural Gas: New Shale Technologies Could Tap Into Billions of Barrels of Oil Worldwide

Not Just for Natural Gas: New Shale Technologies Could Tap Into Billions of Barrels of Oil Worldwide

The same drilling technologies that helped foster the U.S. shale boom could help unlock as much as 141 billion barrels of crude oil outside North America, new reports say. According to a May 18 Oil and Gas Investor article, techniques like horizontal drilling and hydraulic stimulation and fracturing could extract these significant stores of oil from more than 170 mature oil plays worldwide. Currently, there...

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Texas Governor Acts to Protect Fracking From Local Municipalities

Texas Governor Acts to Protect Fracking From Local Municipalities

In a move to protect oil and gas companies operating within the state of Texas, Republican Gov. Greg Abbott recently signed a law that prohibits cities and towns from banning hydraulic fracturing, or “fracking.” The law also makes it next-to-impossible for municipal and county governments to dictate where drilling equipment and production rigs can be set up, according to a May 18 Wall Street Journal...

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Iran to Take the Reins in Domestic Oil and Gas Drilling Projects

Iran to Take the Reins in Domestic Oil and Gas Drilling Projects

New reports indicate that Iran may have the resources needed to expand its domestic oil and gas drilling projects significantly in the near future. According to a December 27 Mehr News Agency article, Dariush Raeisi, a senior official from the National Iranian Drilling Company (NIDC), has stated that Iran is even capable of manufacturing its own oilfield equipment and drilling rig systems. Until now, Iran...

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Offshore Technology Conference 2015 Unveils Innovations in Oil and Gas Industry

Offshore Technology Conference 2015 Unveils Innovations in Oil and Gas Industry

At this year’s Offshore Technology Conference, General Electric executives revealed that the use of smart sensors and Big Data analytics could allow oil and gas companies to produce an additional 80 billion barrels of oil worldwide — some three years’ worth of global crude supply. According to FuelFix, GE was just one of the many companies from all parts of the globe showing off the...

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Three Reasons Why the U.S. Shale Industry is Thriving While Oil Prices Are Low

Three Reasons Why the U.S. Shale Industry is Thriving While Oil Prices Are Low

It’s been one of the biggest headlines throughout recent months — the global oil environment continues to be plagued with low prices per barrel. Yet for the U.S. shale drilling industry — which sources oil and natural gas from the rich shale fields of Texas and North Dakota — these low prices are actually proving to be beneficial. Subsequently, U.S. shale is proving to be...

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U.S. Projected to Become a Net Energy Exporter, Thanks to Shale Boom

U.S. Projected to Become a Net Energy Exporter, Thanks to Shale Boom

As the ongoing shale boom continues to bolster production in the oil and gas industry, experts are predicting that the U.S. will become a net energy exporter within 15 years — the first time the country has managed to do so in its history. Since the 1950s, the U.S. has been a net importer of energy, meaning it has primarily relied on imports of oil...

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