All things pertaining to the leasing, drilling and production of shale gas and oil.
A wind farm requires 700 times more land to produce the same amount of energy as a fracking site, according to analysis by the energy department’s recently-departed chief scientific advisor.
Prof David MacKay, who stood down from the Government role at the end of July, published analysis putting shale gas extraction “in perspective”, showing it was far less intrusive on the…
Posted by Keith Mauck, Publisher on August 18, 2014 at 8:57am
This summer I have spent a fair amount of time dusting off my memories of offshore Gulf of Mexico. I guess it should be expected since I attended the OTC for the first time in 25 years, add that with the offshore process training at the Shell Robert’s Training Center in Southern Louisiana, and I have a good reason to bring up some long ago filed away memories. Any offshore experience of mine has to include at least some time dedicated to escape capsules. During my time offshore I did spend a fair amount of time insuring we had safe and working escape equipment. The equipment’s major focus was the escape capsule. It included a weekly routine of checking the equipment, starting the motor, and weather permitting we would launch the capsule and troll around the platform for a…Continue
Posted by Steve Burnett on August 15, 2014 at 1:04pm
New technology must come to the forefront to solve the “Great Crew Change." With the economy finally starting to begin to rebound, the available talent pool is just not there. Due to the a situation in which everyone was either looking for a job or looking to cling to what they had before,most qualified candidates are already employed. The recession has left a mark just below the surface, and it will not go away so easily just yet. The economy has not lent a hand in having experienced talent available to go to work with advanced knowledge of horizontal drilling and hydraulic fracturing. These are fairly new concepts, although there is a vast number of experienced oil and gas professionals with the needed experience; however, many of them are part of the baby boomer generation and are due to retire--nearly 5 million of which being…Continue
Last week’s natural gas storage injection volume of 82 billion cubic feet (Bcf) fell short of the consensus of industry forecasters’ projection for an 83 Bcf injection. This marked the third consecutive weekly shortfall in actual injections versus analysts’ projections. Moreover, the volume injected last week was the smallest weekly injection since the fifth week of the injection season. Should consumers begin to worry about the gas industry having adequate supplies for next winter? We think not. In fact, it is possible that the industry may go from lowest level of gas storage inventory to the best in the past decade, which speaks to important underlying industry trends.…Continue
Posted by Keith Mauck, Publisher on August 12, 2014 at 8:30am