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The development of unconventional oil and gas shales using hydraulic fracturing and directional drilling is currently a focal point of energy and climate change discussions. While this technology has provided access to substantial reserves of oil and gas, the need for large quantities of water, emissions, and infrastructure raises concerns over the environmental impacts. Written by an international consortium of experts, this book provides a comprehensive overview of the extraction from unconventional reservoirs, providing clear explanations of the technology and processes involved. Each chapter is devoted to different aspects including global reserves, the status of their development and regulatory framework, water management and contamination, air quality, earthquakes, radioactivity, isotope geochemistry, microbiology, and climate change. Case studies present baseline studies, water monitoring efforts and habitat destruction. This book is accessible to a wide audience, from academics to industry professionals and policy makers interested in environmental pollution and petroleum exploration.
Book Synopsis Environmental Impacts from the Development of Unconventional Oil and Gas Reserves by : John Stolz
Download or read book Environmental Impacts from the Development of Unconventional Oil and Gas Reserves written by John Stolz and published by Cambridge University Press. This book was released on 2022-08-18 with total page 504 pages. Available in PDF, EPUB and Kindle. Book excerpt: The development of unconventional oil and gas shales using hydraulic fracturing and directional drilling is currently a focal point of energy and climate change discussions. While this technology has provided access to substantial reserves of oil and gas, the need for large quantities of water, emissions, and infrastructure raises concerns over the environmental impacts. Written by an international consortium of experts, this book provides a comprehensive overview of the extraction from unconventional reservoirs, providing clear explanations of the technology and processes involved. Each chapter is devoted to different aspects including global reserves, the status of their development and regulatory framework, water management and contamination, air quality, earthquakes, radioactivity, isotope geochemistry, microbiology, and climate change. Case studies present baseline studies, water monitoring efforts and habitat destruction. This book is accessible to a wide audience, from academics to industry professionals and policy makers interested in environmental pollution and petroleum exploration.
Environmental and Health Issues in Unconventional Oil and Gas Development offers a series of authoritative perspectives from varied viewpoints on key issues relevant in the use of directional drilling and hydraulic fracturing, providing a timely presentation of requisite information on the implications of these technologies for those connected to unconventional oil and shale gas development. Utilizing expertise from a range of contributors in academia, non-governmental organizations, and the oil and gas industry, Environmental and Health Issues in Unconventional Oil and Gas Development is an essential resource for academics and professionals in the oil and gas, environmental, and health and safety industries as well as for policy makers. Offers a multi-disciplinary appreciation of the environmental and health issues related to unconventional oil and shale gas development Serves as a collective resource for academics and professionals in the oil and gas, environmental, health, and safety industries, as well as environmental scientists and policymakers Features a diverse and expert group of chapter authors from academia, non-governmental organizations, governmental agencies, and the oil and gas industry
Book Synopsis Environmental and Health Issues in Unconventional Oil and Gas Development by : Debra A Kaden
Download or read book Environmental and Health Issues in Unconventional Oil and Gas Development written by Debra A Kaden and published by Elsevier. This book was released on 2015-12-07 with total page 288 pages. Available in PDF, EPUB and Kindle. Book excerpt: Environmental and Health Issues in Unconventional Oil and Gas Development offers a series of authoritative perspectives from varied viewpoints on key issues relevant in the use of directional drilling and hydraulic fracturing, providing a timely presentation of requisite information on the implications of these technologies for those connected to unconventional oil and shale gas development. Utilizing expertise from a range of contributors in academia, non-governmental organizations, and the oil and gas industry, Environmental and Health Issues in Unconventional Oil and Gas Development is an essential resource for academics and professionals in the oil and gas, environmental, and health and safety industries as well as for policy makers. Offers a multi-disciplinary appreciation of the environmental and health issues related to unconventional oil and shale gas development Serves as a collective resource for academics and professionals in the oil and gas, environmental, health, and safety industries, as well as environmental scientists and policymakers Features a diverse and expert group of chapter authors from academia, non-governmental organizations, governmental agencies, and the oil and gas industry
The chapters in this volume represent the latest thinking on the development and exploration of unconventional energy resources in the U.S., Canada, Australia, Europe, Russia, Asia Pacific, Middle East, Latin America, and Africa and shed light on its potential and future prospects in these respective regions. The diversity of thinking about the “shale revolution” is also evident in our case studies. Throughout many countries in Europe for example, there is a strong preference for investment in renewable sources of energy over the fossil fuels. In addition to environmental concerns, the falling price of renewables, have also made them more attractive financially. Consequently, global investment in renewables is outpacing that of fossil fuel two to one. Watching this trend, in 2017, the Chinese government has pledged to invest $360 billion on renewable energy. This would make China the largest investor in development of renewables in the world. Other obstacles to development of shale oil and gas in other parts of the world include, lack of adequate shale resources (Africa), the abundance of conventional energy resources (Middle East and North Africa), high cost of production (Russia, China, Japan) and political opposition to hydraulic fracturing (France and Poland). Despite these sentiments the economic imperatives (providing employment) also play a significant role in determining the future prospects for unconventional energy resources globally.
Book Synopsis Global Impact of Unconventional Energy Resources by : Manochehr Dorraj
Download or read book Global Impact of Unconventional Energy Resources written by Manochehr Dorraj and published by Lexington Books. This book was released on 2018-11-26 with total page 317 pages. Available in PDF, EPUB and Kindle. Book excerpt: The chapters in this volume represent the latest thinking on the development and exploration of unconventional energy resources in the U.S., Canada, Australia, Europe, Russia, Asia Pacific, Middle East, Latin America, and Africa and shed light on its potential and future prospects in these respective regions. The diversity of thinking about the “shale revolution” is also evident in our case studies. Throughout many countries in Europe for example, there is a strong preference for investment in renewable sources of energy over the fossil fuels. In addition to environmental concerns, the falling price of renewables, have also made them more attractive financially. Consequently, global investment in renewables is outpacing that of fossil fuel two to one. Watching this trend, in 2017, the Chinese government has pledged to invest $360 billion on renewable energy. This would make China the largest investor in development of renewables in the world. Other obstacles to development of shale oil and gas in other parts of the world include, lack of adequate shale resources (Africa), the abundance of conventional energy resources (Middle East and North Africa), high cost of production (Russia, China, Japan) and political opposition to hydraulic fracturing (France and Poland). Despite these sentiments the economic imperatives (providing employment) also play a significant role in determining the future prospects for unconventional energy resources globally.
This book provides a systematic scientific approach to the understanding of hydraulic fracturing (fracking) as a hydrocarbon extraction technology and its impact on the environment. The book addresses research from the past decade to assess how fracking can affect air, water, landscapes and ecosystems, and presents the subject in the context of the history of fracking and shale gas development in the United States, describing what is known and not known about environmental impacts, and the broader implications of fossil energy use, climate change, and technology development. In 9 chapters, the author lays out how and why hydraulic fracturing was developed, what driving forces existed at the beginning of the so-called "shale revolution", how success was achieved, and when and why public acceptance of the technology changed. The intended audience is scientific people who are concerned about fracking, but perhaps do not know all that much about it. It is also intended for lay people who would be interested in understanding the technical details of the process and what effects it might or might not be having on the environment. The book is written at a level that is both understandable and technically correct. A further goal is to give some useful insights even to experienced petroleum geologists and engineers who have been doing fracking for many years.
Book Synopsis Fracking and the Environment by : Daniel J. Soeder
Download or read book Fracking and the Environment written by Daniel J. Soeder and published by Springer Nature. This book was released on 2020-11-11 with total page 293 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book provides a systematic scientific approach to the understanding of hydraulic fracturing (fracking) as a hydrocarbon extraction technology and its impact on the environment. The book addresses research from the past decade to assess how fracking can affect air, water, landscapes and ecosystems, and presents the subject in the context of the history of fracking and shale gas development in the United States, describing what is known and not known about environmental impacts, and the broader implications of fossil energy use, climate change, and technology development. In 9 chapters, the author lays out how and why hydraulic fracturing was developed, what driving forces existed at the beginning of the so-called "shale revolution", how success was achieved, and when and why public acceptance of the technology changed. The intended audience is scientific people who are concerned about fracking, but perhaps do not know all that much about it. It is also intended for lay people who would be interested in understanding the technical details of the process and what effects it might or might not be having on the environment. The book is written at a level that is both understandable and technically correct. A further goal is to give some useful insights even to experienced petroleum geologists and engineers who have been doing fracking for many years.
The emergence of unconventional oil and gas extraction, known as the "shale revolution", since 2008 has fundamentally reshaped the global energy sector. This revolution, driven by technological advancements in hydraulic fracturing and horizontal drilling, has unlocked vast reserves of oil and gas previously deemed inaccessible. Despite challenges like the COVID-19 pandemic, fluctuating oil prices, and growing environmental concerns, unconventional resources continue to play a pivotal role in shaping energy policies worldwide. This book delves deeply into the transformative impact of unconventional resources on international energy markets and policies, providing a comprehensive analysis of their significance. Written by over 20 experts in oil and gas law, the book offers a rich, multidisciplinary perspective. It covers topics that are "horizontal" and cut across various jurisdictions, providing a comparative approach that spans 11 different countries, including the USA, Canada, Argentina, Brazil, Colombia, Mexico, the UK, Algeria, Libya, China, and Germany. This extensive analysis ensures a broad understanding of the global landscape of unconventional resources. Main themes include: · Global Impact: Unconventional resources have not only transformed the United States into a leading oil and gas producer but have also significantly influenced energy strategies worldwide. Countries across North America, South America, Europe, and Asia have adopted various strategies to harness these resources, reshaping the global energy market. · Policy Considerations: Key policy issues addressed in the book include the environmental and social impacts of unconventional resource extraction. Topics such as water management, the coexistence of drilling operations with other land uses, and the social implications of resource extraction are thoroughly examined. · Legal Framework: The book explores the complex legal landscape governing unconventional operations, delves into stakeholder dynamics, regulatory frameworks, and the intricacies of legal provisions that vary from one jurisdiction to another. · Geographical Analysis: In its second part, the book provides an in-depth analysis of specific country regulations. This section offers comparative insights into the regulatory approaches of eleven countries, highlighting both common challenges and unique strategies. The book concludes by exploring lessons learned and future perspectives within the framework of the energy trilemma—balancing energy security, environmental sustainability, and economic affordability. It emphasizes the transformative impact of unconventional resources on energy independence and security, while also addressing the contentious environmental considerations that accompany such developments. Overall, this book aims to equip readers with a comprehensive understanding of the legal and regulatory landscape surrounding unconventional oil and gas resources. By examining global experiences and diverse regulatory frameworks, it seeks to inform decision-making processes and promote sustainable development in the unconventional energy sector. The book benefits from critical analyses and comparative descriptive reviews of each country's unique approach, making it an invaluable resource for policymakers, industry professionals, and scholars alike.
Book Synopsis Unconventional Resources in the Oil and Gas Industry by : Eduardo Pereira
Download or read book Unconventional Resources in the Oil and Gas Industry written by Eduardo Pereira and published by Editora Dialética. This book was released on 2024-08-12 with total page 341 pages. Available in PDF, EPUB and Kindle. Book excerpt: The emergence of unconventional oil and gas extraction, known as the "shale revolution", since 2008 has fundamentally reshaped the global energy sector. This revolution, driven by technological advancements in hydraulic fracturing and horizontal drilling, has unlocked vast reserves of oil and gas previously deemed inaccessible. Despite challenges like the COVID-19 pandemic, fluctuating oil prices, and growing environmental concerns, unconventional resources continue to play a pivotal role in shaping energy policies worldwide. This book delves deeply into the transformative impact of unconventional resources on international energy markets and policies, providing a comprehensive analysis of their significance. Written by over 20 experts in oil and gas law, the book offers a rich, multidisciplinary perspective. It covers topics that are "horizontal" and cut across various jurisdictions, providing a comparative approach that spans 11 different countries, including the USA, Canada, Argentina, Brazil, Colombia, Mexico, the UK, Algeria, Libya, China, and Germany. This extensive analysis ensures a broad understanding of the global landscape of unconventional resources. Main themes include: · Global Impact: Unconventional resources have not only transformed the United States into a leading oil and gas producer but have also significantly influenced energy strategies worldwide. Countries across North America, South America, Europe, and Asia have adopted various strategies to harness these resources, reshaping the global energy market. · Policy Considerations: Key policy issues addressed in the book include the environmental and social impacts of unconventional resource extraction. Topics such as water management, the coexistence of drilling operations with other land uses, and the social implications of resource extraction are thoroughly examined. · Legal Framework: The book explores the complex legal landscape governing unconventional operations, delves into stakeholder dynamics, regulatory frameworks, and the intricacies of legal provisions that vary from one jurisdiction to another. · Geographical Analysis: In its second part, the book provides an in-depth analysis of specific country regulations. This section offers comparative insights into the regulatory approaches of eleven countries, highlighting both common challenges and unique strategies. The book concludes by exploring lessons learned and future perspectives within the framework of the energy trilemma—balancing energy security, environmental sustainability, and economic affordability. It emphasizes the transformative impact of unconventional resources on energy independence and security, while also addressing the contentious environmental considerations that accompany such developments. Overall, this book aims to equip readers with a comprehensive understanding of the legal and regulatory landscape surrounding unconventional oil and gas resources. By examining global experiences and diverse regulatory frameworks, it seeks to inform decision-making processes and promote sustainable development in the unconventional energy sector. The book benefits from critical analyses and comparative descriptive reviews of each country's unique approach, making it an invaluable resource for policymakers, industry professionals, and scholars alike.
This book discusses the economic, political, and environmental issues surrounding the international exploration and exploitation of conventional and unconventional natural gas. Shale gas development in recent years has changed the energy discussion in the US as existing reserves of natural gas coupled with horizontal drilling and hydraulic fracturing make exploitation of these reserves economically feasible; the discussion is quickly becoming international in scope. The potential expansion of natural gas development impacts many regions of the globe and spans multiple perspectives. In a volatile international climate, one of intense geopolitical conflict between Russia and the West, economic slowdowns in Europe and China, military conflicts in the Middle East and northern Africa, and widening income disparity in the U.S., a relatively inexpensive and plentiful energy source like shale gas could play a key role in mitigating such conflicts. In an energy interdependent global community, however, multiple factors such as oil prices, differing rates of exploration, environmental concerns, strategic initiatives, institutional changes, legal and regulatory issues, and actions of the nations involved all have the potential to influence future outcomes. This book discusses each of these in turn, detailing the issues most prevalent in each geographical area. The first volume to provide a comprehensive global view of the impacts of shale gas development, this book fills a gap in the current research literature, providing vital information for the scholarly community and the public alike. This book will be of interest to researchers and students of economics, energy policy, public administration, and international relations as well as policy makers and residents of the regions that are experiencing shale gas development.
Book Synopsis The Global Impact of Unconventional Shale Gas Development by : Yongsheng Wang
Download or read book The Global Impact of Unconventional Shale Gas Development written by Yongsheng Wang and published by Springer. This book was released on 2016-07-15 with total page 252 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book discusses the economic, political, and environmental issues surrounding the international exploration and exploitation of conventional and unconventional natural gas. Shale gas development in recent years has changed the energy discussion in the US as existing reserves of natural gas coupled with horizontal drilling and hydraulic fracturing make exploitation of these reserves economically feasible; the discussion is quickly becoming international in scope. The potential expansion of natural gas development impacts many regions of the globe and spans multiple perspectives. In a volatile international climate, one of intense geopolitical conflict between Russia and the West, economic slowdowns in Europe and China, military conflicts in the Middle East and northern Africa, and widening income disparity in the U.S., a relatively inexpensive and plentiful energy source like shale gas could play a key role in mitigating such conflicts. In an energy interdependent global community, however, multiple factors such as oil prices, differing rates of exploration, environmental concerns, strategic initiatives, institutional changes, legal and regulatory issues, and actions of the nations involved all have the potential to influence future outcomes. This book discusses each of these in turn, detailing the issues most prevalent in each geographical area. The first volume to provide a comprehensive global view of the impacts of shale gas development, this book fills a gap in the current research literature, providing vital information for the scholarly community and the public alike. This book will be of interest to researchers and students of economics, energy policy, public administration, and international relations as well as policy makers and residents of the regions that are experiencing shale gas development.
Oil and gas well completion and stimulation technologies to develop unconventional hydrocarbon resources in the United States have evolved over the past several decades, particularly in relation to the development of shale oil and shale gas. Shale oil and shale gas resources and the technology associated with their production are often termed "unconventional" because the oil and gas trapped inside the shale or other low-permeability rock formation cannot be extracted using conventional technologies. Since about 2005, the application of these technologies to fields in the U.S. have helped produce natural gas and oil in volumes that allowed the country to reduce its crude oil imports by more than 50% and to become a net natural gas exporter. The regional and national economic and energy advances gained through production and use of these resources have been accompanied, however, by rapid expansion of the infrastructure associated with the development of these fields and public concern over the impacts to surface- and groundwater, air, land, and communities where the resources are extracted. The intent of the first day of the workshop of the National Academies of Sciences, Engineering, and Medicine's Roundtable on Unconventional Hydrocarbon Development was to discuss onshore unconventional hydrocarbon development in the context of potential environmental impacts and the ways in which the risks of these kinds of impacts can be managed. Specifically, the workshop sought to examine the lifecycle development of these fields, including decommissioning and reclamation of wells and related surface and pipeline infrastructure, and the approaches from industry practice, scientific research, and regulation that could help to ensure management of the operations in ways that minimize impacts to the environment throughout their active lifetimes and after operations have ceased. This publication summarizes the presentations and discussions from the workshop.
Book Synopsis Onshore Unconventional Hydrocarbon Development by : National Academies of Sciences, Engineering, and Medicine
Download or read book Onshore Unconventional Hydrocarbon Development written by National Academies of Sciences, Engineering, and Medicine and published by National Academies Press. This book was released on 2018-07-23 with total page 101 pages. Available in PDF, EPUB and Kindle. Book excerpt: Oil and gas well completion and stimulation technologies to develop unconventional hydrocarbon resources in the United States have evolved over the past several decades, particularly in relation to the development of shale oil and shale gas. Shale oil and shale gas resources and the technology associated with their production are often termed "unconventional" because the oil and gas trapped inside the shale or other low-permeability rock formation cannot be extracted using conventional technologies. Since about 2005, the application of these technologies to fields in the U.S. have helped produce natural gas and oil in volumes that allowed the country to reduce its crude oil imports by more than 50% and to become a net natural gas exporter. The regional and national economic and energy advances gained through production and use of these resources have been accompanied, however, by rapid expansion of the infrastructure associated with the development of these fields and public concern over the impacts to surface- and groundwater, air, land, and communities where the resources are extracted. The intent of the first day of the workshop of the National Academies of Sciences, Engineering, and Medicine's Roundtable on Unconventional Hydrocarbon Development was to discuss onshore unconventional hydrocarbon development in the context of potential environmental impacts and the ways in which the risks of these kinds of impacts can be managed. Specifically, the workshop sought to examine the lifecycle development of these fields, including decommissioning and reclamation of wells and related surface and pipeline infrastructure, and the approaches from industry practice, scientific research, and regulation that could help to ensure management of the operations in ways that minimize impacts to the environment throughout their active lifetimes and after operations have ceased. This publication summarizes the presentations and discussions from the workshop.
Shale gas is natural gas that is tightly locked within low permeability sedimentary rock. Recent technological advances are making shale gas reserves increasingly accessible and their recovery more economically feasible. This resource is already being exploited in South Africa, China, the United States and Canada. Shale gas is being produced in large volumes, and will likely be developed in coming years on every continent except Antarctica. Depending on factors such as future natural gas prices and government regulations, further development of shale gas resources could potentially span many decades and involve the drilling of tens of thousands of hydraulically fractured horizontal wells. This development is changing long-held expectations about oil and gas resource availability; several observers have characterized it as a game changer. Abundant, close to major markets, and relatively inexpensive to produce, shale gas represents a major new source of fossil energy. However, the rapid expansion of shale gas development over the past decade has occurred without a corresponding investment in monitoring and research addressing the impacts on the environment, public health, and communities. The primary concerns are the degradation of the quality of groundwater and surface water (including the safe disposal of large volumes of wastewater); the risk of increased greenhouse gas (GHG) emissions (including fugitive methane emissions during and after production), thus exacerbating anthropogenic climate change; disruptive effects on communities and land; and adverse effects on to human health. Other concerns include the local release of air contaminants and the potential for triggering small- to moderate-sized earthquakes in seismically active areas. These concerns will vary by region. The shale gas regions can be found near urban areas, presenting a large diversity in their geology, hydrology, land uses, and population density. The phrase environmental impacts from shale gas development masks many regional differences that are essential to understanding these impacts.
Book Synopsis Strategic Advances in Environmental Impact Assessment by : Afsoon Moatari Kazerouni
Download or read book Strategic Advances in Environmental Impact Assessment written by Afsoon Moatari Kazerouni and published by . This book was released on 2019 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Shale gas is natural gas that is tightly locked within low permeability sedimentary rock. Recent technological advances are making shale gas reserves increasingly accessible and their recovery more economically feasible. This resource is already being exploited in South Africa, China, the United States and Canada. Shale gas is being produced in large volumes, and will likely be developed in coming years on every continent except Antarctica. Depending on factors such as future natural gas prices and government regulations, further development of shale gas resources could potentially span many decades and involve the drilling of tens of thousands of hydraulically fractured horizontal wells. This development is changing long-held expectations about oil and gas resource availability; several observers have characterized it as a game changer. Abundant, close to major markets, and relatively inexpensive to produce, shale gas represents a major new source of fossil energy. However, the rapid expansion of shale gas development over the past decade has occurred without a corresponding investment in monitoring and research addressing the impacts on the environment, public health, and communities. The primary concerns are the degradation of the quality of groundwater and surface water (including the safe disposal of large volumes of wastewater); the risk of increased greenhouse gas (GHG) emissions (including fugitive methane emissions during and after production), thus exacerbating anthropogenic climate change; disruptive effects on communities and land; and adverse effects on to human health. Other concerns include the local release of air contaminants and the potential for triggering small- to moderate-sized earthquakes in seismically active areas. These concerns will vary by region. The shale gas regions can be found near urban areas, presenting a large diversity in their geology, hydrology, land uses, and population density. The phrase environmental impacts from shale gas development masks many regional differences that are essential to understanding these impacts.
The United States has seen resurgence in petroleum production, mainly driven by technology improvements-especially hydraulic fracturing and directional drilling-developed for natural gas production from shale formations. Application of these technologies enabled natural gas to be economically produced from shale and other unconventional formations, and contributed to the United States becoming the world's largest natural gas producer in 2009. Use of these technologies has also contributed to the rise in U.S. oil production over the last few years. In 2009, annual oil production increased over 2008, the first annual rise since 1991, and has continued to increase each year since. Between January 2008 and May 2014, U.S. monthly crude oil production rose by 3.2 million barrels per day, with about 85% of the increase coming from shale and related tight oil formations in Texas and North Dakota. Other tight oil plays are also being developed, helping raise the prospect of energy independence, especially for North America. The rapid expansion of tight oil and shale gas extraction using high-volume hydraulic fracturing has raised concerns about its potential environmental and health impacts. These concerns include potential direct impacts to groundwater and surface water quality, water supplies, and air quality. In addition, some have raised concerns about potential long-term and indirect impacts from reliance on fossil fuels and resulting greenhouse gas emissions and influence on broader energy economics. This report focuses mainly on actions related to controlling potential direct impacts. States are the primary regulators of oil and gas production on non-federal lands. State laws and regulations governing oil and gas production have been evolving across the states in response to changes in production practices as producers have expanded into tight oil, shale gas, and other unconventional hydrocarbon formations. However, state rules vary considerably, leading to calls for more federal oversight of unconventional oil and gas extraction activities, and hydraulic fracturing specifically. Although provisions of several federal environmental laws can apply to certain activities related to oil and gas production, proposals to expand federal regulation in this area have been highly controversial. Some advocates of a larger federal role point to a wide range of differences among state regulatory regimes, and argue that a national framework is needed to ensure a consistent minimum level of protection for surface and groundwater resources, and air quality. Others argue against more federal involvement, and point to the long-established state oil and natural gas regulatory programs, regional differences in geology and water resources, and concern over regulatory redundancy. The federal role in regulating oil and gas extraction activities-and hydraulic fracturing, in particular-has been the subject of considerable debate and legislative proposals for several years, but legislation has not been enacted. While congressional debate has continued, the Administration has pursued a number of regulatory initiatives related to unconventional oil and gas development under existing statutory authorities.
Book Synopsis An Overview of Unconventional Oil and Natural Gas by : Congressional Research Congressional Research Service
Download or read book An Overview of Unconventional Oil and Natural Gas written by Congressional Research Congressional Research Service and published by CreateSpace. This book was released on 2014-11-21 with total page 30 pages. Available in PDF, EPUB and Kindle. Book excerpt: The United States has seen resurgence in petroleum production, mainly driven by technology improvements-especially hydraulic fracturing and directional drilling-developed for natural gas production from shale formations. Application of these technologies enabled natural gas to be economically produced from shale and other unconventional formations, and contributed to the United States becoming the world's largest natural gas producer in 2009. Use of these technologies has also contributed to the rise in U.S. oil production over the last few years. In 2009, annual oil production increased over 2008, the first annual rise since 1991, and has continued to increase each year since. Between January 2008 and May 2014, U.S. monthly crude oil production rose by 3.2 million barrels per day, with about 85% of the increase coming from shale and related tight oil formations in Texas and North Dakota. Other tight oil plays are also being developed, helping raise the prospect of energy independence, especially for North America. The rapid expansion of tight oil and shale gas extraction using high-volume hydraulic fracturing has raised concerns about its potential environmental and health impacts. These concerns include potential direct impacts to groundwater and surface water quality, water supplies, and air quality. In addition, some have raised concerns about potential long-term and indirect impacts from reliance on fossil fuels and resulting greenhouse gas emissions and influence on broader energy economics. This report focuses mainly on actions related to controlling potential direct impacts. States are the primary regulators of oil and gas production on non-federal lands. State laws and regulations governing oil and gas production have been evolving across the states in response to changes in production practices as producers have expanded into tight oil, shale gas, and other unconventional hydrocarbon formations. However, state rules vary considerably, leading to calls for more federal oversight of unconventional oil and gas extraction activities, and hydraulic fracturing specifically. Although provisions of several federal environmental laws can apply to certain activities related to oil and gas production, proposals to expand federal regulation in this area have been highly controversial. Some advocates of a larger federal role point to a wide range of differences among state regulatory regimes, and argue that a national framework is needed to ensure a consistent minimum level of protection for surface and groundwater resources, and air quality. Others argue against more federal involvement, and point to the long-established state oil and natural gas regulatory programs, regional differences in geology and water resources, and concern over regulatory redundancy. The federal role in regulating oil and gas extraction activities-and hydraulic fracturing, in particular-has been the subject of considerable debate and legislative proposals for several years, but legislation has not been enacted. While congressional debate has continued, the Administration has pursued a number of regulatory initiatives related to unconventional oil and gas development under existing statutory authorities.
This book examines the economics and related impacts of unconventional shale gas development. While focusing on the Marcellus and Utica Shales in the Mid-Atlantic region, additional insights from other regions are included to provide a broader view of these issues. Shale gas development in recent years has changed the energy discussion in the US, as existing reserves of natural gas coupled with horizontal drilling and hydraulic fracturing make exploitation of these reserves economically feasible. The importance of natural gas is seen as likely to continue to expand over the coming years, and is expected to increase even further with environmental considerations, such as greenhouse gas emissions. Horizontal drilling and hydraulic fracturing producing natural gas from deposits such as the Marcellus Shale is making the US a net producer of natural gas. Previous studies have examined the economic impact of exploration and production in the region. Other studies have addressed legal, environmental, biodiversity, and public health impacts of unconventional shale development. This is the first volume to focus solely on the economics and related financial impacts of this development. This book not only fills the research gap, but also provides information that policy makers and the public need to better understand this pressing issue.
Book Synopsis Economics of Unconventional Shale Gas Development by : William E. Hefley
Download or read book Economics of Unconventional Shale Gas Development written by William E. Hefley and published by Springer. This book was released on 2014-12-03 with total page 248 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book examines the economics and related impacts of unconventional shale gas development. While focusing on the Marcellus and Utica Shales in the Mid-Atlantic region, additional insights from other regions are included to provide a broader view of these issues. Shale gas development in recent years has changed the energy discussion in the US, as existing reserves of natural gas coupled with horizontal drilling and hydraulic fracturing make exploitation of these reserves economically feasible. The importance of natural gas is seen as likely to continue to expand over the coming years, and is expected to increase even further with environmental considerations, such as greenhouse gas emissions. Horizontal drilling and hydraulic fracturing producing natural gas from deposits such as the Marcellus Shale is making the US a net producer of natural gas. Previous studies have examined the economic impact of exploration and production in the region. Other studies have addressed legal, environmental, biodiversity, and public health impacts of unconventional shale development. This is the first volume to focus solely on the economics and related financial impacts of this development. This book not only fills the research gap, but also provides information that policy makers and the public need to better understand this pressing issue.
