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August 25, 2011
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News for the oil and natural gas industry

  Top Story 
  • Report: Recent estimates of gas-drilling pollution are overstated
    Recent estimates made by Cornell University and the Environmental Protection Agency of greenhouse-gas emissions from natural gas drilling are "grossly" overestimated, according to a report from IHS CERA. "Estimates are being used that are not supported by data, do not reflect current industry practice and would be unreliable to use as a base for decision-making," said Mary Barcella, the firm's North American director for natural gas. The Hill/E2 Wire blog (8/24), Platts (8/24) LinkedInFacebookTwitterEmail this Story
Permian Basin Unconventional Oil Completions Optimization Summit 2011
(September 26-27, Midland, Texas)
Industry leaders from Pioneer Natural Resources, Petrohawk, Eagle Oil & Gas, HighMount E&P focus on completions design & hydraulic fracturing techniques.
  Industry News 
  • Industry exec weighs in on fracking poll results
    Expanded natural gas drilling in New York state shouldn't be a debate between the economic benefits and the environmental effects, said Brad Gill, executive director of the Independent Oil and Gas Association of New York. His remarks came after a Quinnipiac University survey determined that 47% of New Yorkers support hydraulic fracturing, while 42% are opposed to it. "Our industry has balanced the economic and environmental needs of the state since the 1800s," Gill said. American City Business Journals/Buffalo, N.Y. (8/24) LinkedInFacebookTwitterEmail this Story
  • Pickens emphasizes need for energy plan to curb crude imports
    The U.S. could soon wean itself from energy imports if only government officials and lawmakers understood the significance of the country's resources, particularly how much oil is in reserves in North Dakota and other states, said energy investor T. Boone Pickens. "All we have to do is have a plan. We have no plan. We've never had an energy plan in America," he said. CNBC (8/24) LinkedInFacebookTwitterEmail this Story
  • ConocoPhillips is studying environmental impact of China oil spill
    ConocoPhillips is assessing the effects of an offshore oil spill on the aquatic life in Bohai Bay in China, but it has yet to receive damage claims, said ConocoPhillips China President Georg Storaker. The company is also on schedule to complete cleanup operations by the end of August. "At the moment we have got 95% of the oil-based mud already cleaned up and we have sealed off the sources of original releases from June 4 and June 17," spokesman Rich Johnson said. Reuters (8/24) LinkedInFacebookTwitterEmail this Story
  • BHP eyes more shale-gas deals outside of U.S., CEO says
    BHP Billiton is looking to scoop up more shale natural gas properties outside the U.S. after a pair of billion-dollar deals with Chesapeake Energy and Petrohawk Energy. "From a medium- and long-term strategy, our view is that shale gas will play into the world's total energy mix and it would be our anticipation that over time we hope to participate in other areas of the world as well," said Marius Kloppers, CEO of BHP Billiton. Bloomberg (8/24) LinkedInFacebookTwitterEmail this Story
  Exploration & Production 
  • EIA accepts USGS' estimate of undiscovered Marcellus gas reserves
    The Energy Department lowered its estimate of undiscovered natural gas in the Marcellus Shale formation by up to 80%. According to the U.S. Geological Survey, the formation holds approximately 84 trillion cubic feet of gas, which is down from the projection of 410 trillion cubic feet that was made by the Department of Energy. "We consider the USGS to be the experts in this matter," said Philip Budzik, an Energy Information Administration analyst. Bloomberg (8/23) LinkedInFacebookTwitterEmail this Story
  • Other News
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  Policy Watch 
  • Feds are delaying shale-oil development efforts, lawmakers say
    House Republicans attacked the federal government's decision to review a Bush-era rule that permitted commercial shale-oil development on 2 million public acres. Federal regulations shouldn't block the industry's efforts to generate jobs, strengthen energy security and curb oil imports, said Reps. Doug Lamborn, R-Colo., and Scott Tipton, R-Colo. "The road to viability for the oil-shale industry is reliant on a predictable regulatory structure and an environment in which companies can invest in research and development and create jobs," said Tipton. Platts (8/24) LinkedInFacebookTwitterEmail this Story
  • Sen. Begich, NOAA administrator tackle drilling, beluga whales
    Sen. Mark Begich, D-Alaska, and National Oceanic and Atmospheric Administration Administrator Jane Lubchenco held talks with energy companies on whether restructuring requirements for the protection of beluga whales in Alaska's Cook Inlet could boost drilling in the area. Natural gas plays a key role in the state's economy, Begich said. "I think there is uniform agreement that we need to get our act together and be good partners with many different entities and certainly private sector looms large among those," Lubchenco said. Anchorage Daily News (Alaska) (free registration) (8/24) LinkedInFacebookTwitterEmail this Story
  API News 
  • Storage Tank Conference, Expo, Workshop, Oct. 17-20, Las Vegas
    Join us in Las Vegas for API's 17th Annual Storage Tank Conference & Expo, preceded by the Safe Tank Entry Workshop. These educational programs focus on the latest management practices for aboveground storage tanks. The Safe Tank Entry Workshop, Oct. 17 and 18, is recommended for all personnel involved in the maintenance, cleaning and operation of storage tanks. The Storage Tank Conference, Oct. 19 and 20, provides attendees with new information on tank-related research, latest technologies and API standards. The conference will also feature a regulatory panel discussion featuring representatives from OSHA, EPA, CSB, DOT and PHMSA. On Oct. 18, the EPA will be presenting a half-day course, "SPCC 101 -- Learn the Rule from the Guy Who Wrote It," featuring Mark Howard of EPA OEM, which will discuss the Spill Prevention, Control and Countermeasure regulations. The EPA encourages interested parties to attend, including all persons involved with SPCC compliance. Visit the conference website. LinkedInFacebookTwitterEmail this Story
  • IT Security Conference for the Oil and Gas Industry, Nov. 2-3, Houston
    The American Petroleum Institute will host the 2011 API IT Security Conference for the Oil and Gas Industry on Nov. 2 and 3 in Houston. This conference will reflect on the issues and strategies of enhancing critical infrastructure operations of the oil and natural gas industry. This conference provides an excellent opportunity to network with IT management, IT security professionals and business leaders. Visit the conference website. LinkedInFacebookTwitterEmail this Story
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