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Wednesday, November 15, 2017

Flaring Issues in Permian Basin

Breaking from Newsmax Newshub
The Dallas Morning News reports that the Permian Basin's largest oil drillers have been releasing or burning up as much as 9 percent of the natural gas they produced as a byproduct, according to a new report from the Environmental Defense Fund (EDF). The result is greater air pollution, destruction of usable natural gas and more of the powerful greenhouse gas methane vented into the atmosphere. The fund, an advocacy group, and others have also warned that "flaring" — industry jargon for burning off natural gas — could threaten the McDonald Observatory in West Texas, which relies on having one of the nation's darkest night skies. The EDF research found that 45.5 billion cubic feet of natural gas was flared in 2015 alone, "enough to serve all of the household needs in Texas Permian counties for 2 1/2 half years." "Striking" is how Todd Davidson, research associate at University of Texas at Austin's Energy Institute, described the findings. "They [EDF] are right," he said. "We need potentially smarter thinking about how we manage our flares."
Special: Report: Billionaires Love These ‘Guaranteed Income Certificates’

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Wednesday, March 09, 2016

Tuesday, September 01, 2015

Thursday, February 14, 2013

Troy Pipeline Company Strings Line in Hill County

Sign points the way to Troy Pipeline Company's construction access to a new line running north to south through Hill county. This was taken at intersection of FM 934 and HCR 1212.     

Looking south from HCR 1534. 

Cleared trees and  brush  open up the right-of-way for the latest Barnett Shale gathering lines being strung  by Troy Pipeline Company. A new line will run adjacent to other lines that already occupy this same route.

Wednesday, May 09, 2012

Fracking Sand Threatens Gas Well Workers, Researcher Says - Businessweek

Seems that sand dust might be a greater threat to gas well workers than actual chemicals used in fracking wells. Read the Businessweek article by clicking the link below.

Fracking Sand Threatens Gas Well Workers, Researcher Says - Businessweek:

'via Blog this'

Chesapeake Cuts Land Agents, Drilling in Barnett Shale

An ongoing sign of the times. Decade-low natural gas prices signal substantial cutbacks.
Read the entire Star-Telegram article by clicking the link below.

Barnett Shale: Chesapeake cuts land agents, drilling in Barnett Shale:

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Wednesday, April 25, 2012

Natural Gas Prices Unsustainable For Future Growth, Says Poll - International Business Times

It appears that ongoing production, in numerous shale regions across the country, has resulted in a massive glut of natural gas reserves. With prices hovering at 10 year lows the consensus among those "in the know" points to threatened growth. The entire article can be accessed by clicking the link below.
Natural Gas Prices Unsustainable For Future Growth, Says Poll - International Business Times:

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Monday, February 20, 2012

Tuesday, January 24, 2012

Arlington City Council Rejects Chesapeake's Proposed Gas Well Site

The Arlington City Council tonight rejected Chesapeake Energy's request for proposed gas well site. The Rush Creek site would have been located in southwest Arlington. Details are sketchy at this time on the decision to reject the proposed site. The city council has rejected a number of the company's proposals during the past 18 months. Many residents of the proposed site at the corner of South Bowen Road and West Bardin Road had voiced concerns about safety, noise, traffic and the potential environmental impact a site would have on the neighborhood. Stay tuned for a followup on this story as details become available.

The Rush Creek site (Bowen and Bardin) was denied approval by a 7-1 vote. The Truman site in north Arlington was unanimously approved for 2 permits.

Chesapeake Energy to Cut Drilling Production Due to Gas Glut

Chesapeake Energy announces major cutbacks in natural gas exploration after gas prices fall to a 10 year low. A huge surplus of natural gas is another driver in Chesapeake's decision to curtail it's drilling efforts.

Read the entire RIGZONE article by clicking the link below.

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It's Time to Buy Natural Gas!

Interesting article by Motley Fool contributor Sean Williams.
Click on the link below to read his commentary:
It's Time to Buy Natural Gas (CHK, DVN, XOM):

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Monday, January 23, 2012

Devon's Benbrook Federal A, B, C and D Units and Perrone SWD Well

Devon has drilled 35+ horizontal units and 1 salt water disposal well from this padsite.
The facility is located close to the shoreline of Benbrook Lake in Tarrant County.

A large network of pipelines and compression equipment can be observed at the facility.
The skyline of downtown Fort Worth is visible in the distance. Click on the photo to enlarge the image.

Monday, January 16, 2012

Gas Bears Up Bets on ’Catastrophic’ Surplus

Hedge fund "bears" have emerged from hibernation and are on the prowl, as a huge surplus of natural gas continues to further glut the market.
Read the entire Bloomberg article by clicking the link below.

Gas Bears Up Bets on ’Catastrophic’ Surplus - Bloomberg:

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Saturday, January 07, 2012

For Chesapeake, Weak Gas Prices Could Further Quiet Barnett Shale Activity

With currently just 10 rigs drilling in Tarrant county, and one lone drillbit turning in Johnson county, Chesapeake Energy has considerably slowed it's Barnett Shale exploration efforts. In addition to deeply depressed natural gas prices, the Barnett's "dry" gas brings less money at market compared to other shale plays that produce more oil and petroleum liquids.

Click on the following link for the complete Star-Telegram article.

Wednesday, December 28, 2011

“Shale Gas Development is a Game-Changer of Huge Proportions”

What They’re Saying: “Shale Gas Development is a Game-Changer of Huge Proportions” |

“Shale-Gas Boom Spurs Race”: The boom in low-cost natural gas obtained from shale is driving investment in plants that use gas for fuel or as a raw material, setting off a race by states to attract such factories and the jobs they create. Shale-gas production is spurring construction of plants that make chemicals, plastics, fertilizer, steel and other products. A report issued earlier this month by PricewaterhouseCoopers LLC estimated that such investments could create a million U.S. manufacturing jobs over the next 15 years. … “This shale gas development is a game-changer of huge proportions,” said Dan DiMicco, chief executive officer of Nucor Corp., a steelmaker based in Charlotte, N.C. … Because electric utilities often burn gas, that price drop has helped bring down average electricity costs. (Wall Street Journal, 12/27/11)

'via Blog this'

Tuesday, December 27, 2011