Jun 26 2015
Utility companies across the country are transitioning away from coal power – long our electricity workhorse – and embracing greater use of renewable sources of energy and natural gas. This overhaul of our electricity mix is the result of stringent new environmental regulations and, most importantly, the shale revolution. Michigan is at the intersection of […]...
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Jun 24 2015
A new Harvard Business School and Boston Consulting Group report, titled America’s Unconventional Energy Opportunity, examines the “unprecedented, once-in-a-generation opportunity” that the U.S. energy revolution is delivering to all Americans. According to the Harvard experts’ analysis, in 2014 American energy development contributed $430 billion to U.S. GDP; supported 2.7 million jobs; saved of the average […]...
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Jun 22 2015
According to research from a Harvard University economist, fracking-led oil and gas operations are a game changer for the U.S. The report, which was conducted by Harvard Business and Boston Consulting Group, states: “Our analysis shows that developing unconventional resources today is unlikely to delay the rollout of renewables. Instead, it can actually enable their […]...
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Jun 18 2015
On Monday, Midstream MLP Energy Transfer Partners shared it has plans to invest $1.5 billion in an expansion project in southwestern Pennsylvania. The project consists of a new pipeline network and related support facilities that will be located in Butler County. It will provide 440 million cubic feet per day of capacity and will support […]...
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Jun 16 2015
Marcellus Shale natural gas production The EIA (U.S. Energy Information Administration) released its “Drilling Productivity Report” on June 8, 2015. The EIA estimates that Marcellus Shale natural gas production totaled 16.5 Bcf (billion cubic feet) per day in May. That’s nearly the same as April’s production level and 12.1% greater than production a year ago. Gas production […]...
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Jun 08 2015
U.S. proven natural gas reserves continue to soar to record highs. We now have some 360 Tcf of proven gas in the ground, recoverable under current market conditions, experiencing increases of 5-8% per year. Driven by the Marcellus shale play in the Appalachian Basin, Pennsylvania and West Virginia have registered the largest gains, with both […]...
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Jun 05 2015
Ohio’s shale wells continue to show increased oil and natural gas production, according to the Ohio Department of Natural Resources. The rate of production growth tailed off compared with previous quarters, but state officials said shale wells produced more oil and gas than in previous quarters. The report includes horizontal wells in the Utica Shale, […]...
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Jun 03 2015
To grasp just how remarkable America’s shale revolution is, consider that no country on any other continent has yet to replicate it. This energy boom has put the United States in the driver’s seat globally for oil and natural gas production and economic growth. The innovative use of horizontal drilling and multistage hydraulic fracturing (fracking) […]...
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Jun 01 2015
As Memorial Day kicks off the “summer driving season,” families across the region and the nation will be hitting the road. This year, thankfully, consumers are paying less at the pump while realizing significant energy-related savings – from home heating to electricity bills – due to responsible shale development. And in today’s economy, every bit […]...
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May 29 2015
Natural gas produced through hydraulic fracturing (“fracking”) in shale formations has transformed the energy industry across North America over the past decade. The US Citygate gas price has fallen from a peak of 12.48 per thousand cubic feet (tcf) in July 2008 to just 4.55 per tcf in February 2015, according to price data from […]...
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