The world of exploration and production has changed dramatically over the past ten years. There are few places where this is more evident than the U.S., where supply is predicted to continue expanding and eventually reach up to 2.2 million b/d from shale oil alone thanks to advances in drilling technologies which are unlocking additional resources. Yet with the International ...more
Although much of the hydraulic fracturing debate focuses on unseen effects below ground, the surface impacts of drilling and ongoing activity are in plain sight. Operators make their own roads to carry heavy equipment to and from the well site.
They run pipelines, install water-pumping systems, build power grids, and dig storage ponds for wastewater. Each of these activities is ...more
Experts say West Virginia's natural gas economy could see nearly six-fold growth by 2035 and revive the state's struggling manufacturing and chemical sectors.
While the state's natural gas industry has grown in recent years, driven by development in the Marcellus shale region, American Petroleum Institute executive vice president Marty Durbin says the industry has only just begun scratching the surface. ...more
Massive and on-going advances in our lives (↑ life expectancy, ↓ hunger, ↑innovation, ↑work efficiency, etc.) can be directly correlated to the widespread commercial use of fossil fuels as they began to power the Industrial Revolution in the early 1800s.
Few informed individuals would deny that the energy provided by fossil fuels is still necessary to maintain and continue improving ...more
Two days after a rosy government report doubled the estimate of how much oil is tucked beneath North Dakota, four men hop out of their vehicles into the soft dusk light atop a rock-strewn hill north of town.
They point at the barren, rolling landscape dotted with cattle, an oil well and a pond as a half-mile-long train of oil ...more
One of the subtlest, most effective moves in sports is the head-fake. It's a thing of beauty when done well. In the energy commodity business, it can be disastrous to anyone who falls for it.
Right now, everyone is focused on low crude oil prices, and the subsequent layoffs and rig shutdowns that follow. I say it's a head-fake, because ...more
The world runs on oil and gas – that’s a given. The onshore and offshore industry has weathered the recession, and advancements in drilling technologies will attract more job hunters to the industry over the next decade.
If you’re one of them, be prepared to compete for energy jobs at nearly every level. While no one exactly relishes the process ...more