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Tag Archives: hydraulic fracturing

Shale boom leads US to first annual trade surplus with OPEC

In 2015, the United States recorded an annual trade surplus with the Organization of the Petroleum Exporting Countries. For the first time ever in trading with OPEC, exports exceeded imports. The United States finished $6.6 billion in the black, according to the U.S. Bureau of Economic Analysis data. More than $72 billion worth of goods were exported to OPEC countries, ...

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New Pennsylvania drilling regulations up for review

natural gas drilling rig

On Feb. 3, the Environmental Quality Board (EQB) passed oil and gas drilling regulation revisions, according to . The new regulations will be sent to the Independent Regulatory Review Commission, the State House and Environmental Resources and Energy Committees for review. Amendments to the regulations include improved transparency, protection of water resources, protection of public health and safety, as well ...

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US agrees to environmental review of offshore oil fracking

US agrees to environmental review of offshore oil fracking

LOS ANGELES — The federal government has agreed to stop approving oil fracking off the California coast until it studies whether the practice is safe for the environment, according to legal settlements filed Friday. Separate deals reached with a pair of environmental organizations require the Department of Interior to review whether well techniques such as using acid or hydraulic fracturing, ...

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Study: Fracking in Germany would not contaminate drinking water

Study: Fracking in Germany would not contaminate drinking water

A study by geologists at the Federal Institute for Geosciences and Natural Resources (BGR) found that developing Germany’s shale oil and gas with hydraulic fracturing would not contaminate drinking water resources. A Reuters report summarized its findings. Geologists used computer simulations to study what would happen to fracking fluids when injected into the bedrock of the North German Basin. “We ...

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Oklahoma fracking site damaged by fire

Oklahoma fracking site damaged by blaze

A fire at an Oklahoma hydraulic fracturing operation caused more than $20 million in damage, authorities said. The fire started about 4 p.m. Wednesday at a Continental Resources site in Grady County, Okla. According to a diagram from the University of Kansas, the fracking pumps caught fire and all trucks connected by piping caught fire. The blaze burned 22 trucks, ...

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2015 was a roller coaster ride for energy

It has been a rough-and-tumble ride for the oil and gas industry in 2015 as prices have continued to search for their “bottom” all year. Even as the New Year looms, prices are sitting around $37 a barrel, their lowest spot since the Great Recession of 2009, according to the DailyFX Market News and Analysis website. Oversupply has wracked oil ...

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Colorado fracking opponents prepare to go to the ballot

Just off Interstate Highway 25, Drill Rig 1548 of Encana Natural Gas stands near homes in the town of Frederick in Weld County, Colorado. (Image: MileHighTraveler via iStockPhoto)

DENVER — Opponents of fracking in Colorado are preparing to go to the ballot to either ban the practice or keep it away from homes and schools. Members of a Boulder County-based citizens group submitted paperwork Tuesday for 11 potential ballot questions. The Denver Post reports that most are focused on increasing the distance between oil and gas wells and ...

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