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Index / Gas Shales / Economics

A Nuscale Power Perspective - The current boom in natural gas supplies, dating from about 2003, resulted from the convergence of two technologies, hydraulic fracturing and horizontal drilling. The use of horizontal drilling allowed drillers to access much larger volumes of a target shale bed from fewer surface wells. Hydraulic fracturing was then used to open the shale beds to allow the freed gas to flow to the drill head. Together these technologies opened large tracts of shale gas deposits for exploitation that had previously been considered as not economical to recover. Today, fracking is d... More →
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Find Out More »  |  Open Resource  |  2015/06/22  |  326 Report Broken   Tell A Friend

Index / Gas Shales / Economics

Gordon Kristopher reports that natural gas price decreased sharply to record levels on massive inventory data released by EIA recently. Also, natural gas consumption by electric power plants surged by 11 per cent in 2015, compared to 2014, according to data from LCI Energy. There seems to be an increase in power plants switching from coal to natural gas for electrical power generation. Lower natural gas prices are driving the switch. This will increase the demand for natural gas in 2015.

According to EIA (U.S. Energy Information Administration) estimates, dry natural gas will be the... More →
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Find Out More »  |  Open Resource  |  2015/05/03  |  251 Report Broken   Tell A Friend

Index / Gas Shales / Economics

Argus reports that natural gas-fired generation will remain the dominant source of power generation capacity for years to come amid plojected low gas prices, tougher emissions standards and an aging, declining fleet of coal-fired plants.

Wind, solar and other renewables are capturing a greater share of the power generation capacity mix (Notice no mention of nuclear power). But the immediate outlook for capacity shows continued reliance on gas and other traditional forms of generation, according to the American Public Power Association (APPA), which is dominated by natural gas intere... More →
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Find Out More »  |  Open Resource  |  2016/04/06  |  285 Report Broken   Tell A Friend

Index / Gas Shales / Economics

Vivien Diniz reports that natural gas prices sank to a 16-year low in early December, with the spot price for U.S. Henry Hub checking in at $1.62 per million British thermal units (mBtu), meanwhile, in New York, natural gas futures were down at $1.734 per mBtu.

Overall, 2015 has not been kind to the energy sector. In fact, as Zacks points out in a recent article, the free-fall in oil prices have made energy the most talked-about sector of the entire market in 2015. That said, natural gas prices were not faring too poorly early on in 2015. Indeed, as Bidnessetc recently highlighted, ... More →
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Find Out More »  |  Open Resource  |  2015/12/23  |  269 Report Broken   Tell A Friend

Index / Gas Shales / Economics

Art Berman, Labyrinth Consulting Services, Houston, presents a talk to the Houston Geological Society about his research into the economics of drilling and producing unconventional reservoirs in the United States. He discusses the Eagle Ford, Haynesville, Barnett and other shale gas plays. Berman presents graphs that show shale gas is uneconomic to drill and produce at current gas prices. He says the public is being mislead by energy company statements that gas reserves are large and that companies are making a profit from shale gas.... More →
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Find Out More »  |  Open Resource  |  2013/10/27  |  382 Report Broken   Tell A Friend

Index / Gas Shales / Economics

Joseph Triepke blogs that Schlumberger was the first company in O and G to report 4Q15 earnings. Friday morning, shares are 6% higher, lifted in part by the broader rally in the markets and oil prices, but Schlumberger CEO sees his customers experiencing a financial crisis.

In the press release, Paal Kibsgaard used strong words we have not heard used by him or any other service company so far. He said that the worsening market conditions added further pressure to a deepening financial crisis in the E and P industry, and prompted customers to make further cuts to already significant... More →
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Find Out More »  |  Open Resource  |  2016/01/26  |  224 Report Broken   Tell A Friend

Index / Gas Shales / Economics

By Matt Ridley, 2011

Shale gas is proving to be an abundant new source of energy in the United States. Because it is globally ubiquitous and can probably be produced both cheaply and close to major markets, it promises to stabilize and lower gas prices relative to oil prices. This could happen even if, in investment terms, a speculative bubble may have formed in the rush to drill for shale gas in North America. Abundant and low-cost shale gas probably will "where politics allows" cause gas to take or defend market share from coal, nuclear and renewables in the electricity ... More →
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Find Out More »  |  Open Resource  |  2011/05/05  |  609 Report Broken   Tell A Friend

Index / Gas Shales / Economics

Chris Mooney opines that in this time of ambitious plans for clean energy growth, two of the U.S. largest states by population, California and New York, have both mandated that power companies get fully 50% of their electricity from renewable sources by the year 2030. Only, there is a problem .. Because of the particular nature of clean energy sources like solar and wind, you can not simply add them to the grid in large volumes and think that is the end of the story. Rather, because these sources of electricity generation are intermittent... solar fluctuates with weather and the daily cycle, w... More →
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Find Out More »  |  Open Resource  |  2016/08/12  |  179 Report Broken   Tell A Friend

Index / Gas Shales / Economics

Jude Clemente previously reported that loaded with mandates for renewable energy and efficiency, California energy policies are often cited as an example for other states. The EPA Clean Power Plan mentions California a leading 22 times in this 128-page proposal, with the typical state getting no mentions at all. First enacted in 2003, California has one of our highest Renewable Portfolio Standards (RPS) at 33% by 2020, and Governor Brown wants to make this 50%.

And at about 6,800 kWh per capita, Californians use half of the electricity that other Americans do. Full disclosure, Clem... More →
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Find Out More »  |  Open Resource  |  2016/08/08  |  149 Report Broken   Tell A Friend
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