Wood Mackenzie: Marcellus could hold another $90 billion in value
The Marcellus Shale is currently the “largest shale gas play in the world,” and a study from Wood Mackenzie predicts that growth won’t stop any time soon because the formation holds more than $90 billion in remaining value.
“Although rig counts have fallen across the Marcellus since early 2012, we can see that improved efficiency and a renewed focus on the play’s core sub-plays have led to ongoing growth,” Wood Mackenzie analysts said in a...
Climate change policies pay for themselves, study says
An MIT climate change study released Sunday indicates the cost of slashing coal-fired carbon emissions would be offset by reduced spending on public health. The EPA-funded study examined climate change policies similar to those proposed by the Obama administration in June.
Washington — President Obama’s controversial plan to phase out coal and slash carbon emissions is an expensive one. But a new study suggests it could be cheaper than the...
Protest dismissed, but no drilling in Wayne Forest anyway
The U.S. Department of the Interior has dismissed a protest against oil and gas drilling in the Wayne National Forrest but also has decided against allowing any such drilling.
In 2011, five parcels within the Wayne were listed in a Competitive Lease Sale Notice, drawing 34 letters of protest against the inclusion of this land in lease sales for potential drilling.
A month later in 2011, the U.S. Forest Service asked the Bureau of Land Management, within...
AEP appeals ruling on compensation for net metering customers
American Electric Power Company Inc. is appealing to the Ohio Supreme Court a case that could ultimately decide how much compensation net meter users receive.
The Columbus-based company (NYSE:AEP) last week appealed a decision by the Public Utilities Commission of Ohio that “confirmed that net-metering customers are entitled to the full value of the electricity they feed back into the grid from renewable energy and other distributed generation...
Despite 2013 Challenges, U.S. Wind Power Reaches All-Time Low Price
The U.S. Department of Energy (DOE) and its Lawrence Berkeley National Laboratory have released a new report detailing a mixed bag of trends seen in the U.S. wind industry last year.
According to the 2013 Wind Technologies Market Report, new U.S. wind installations essentially halted last year, again underscoring the importance of policy certainty. Nonetheless, the DOE maintains that the U.S. wind industry remains strong, with the country ranking second...
Fracking Is Already Straining U.S. Water Supplies
As the level of hydraulic fracturing of oil and gas wells in the United States has intensified in recent years, much of the mounting public concern has centered on fears that underground water supplies could be contaminated with the toxic chemicals used in the well-stimulation technique that cracks rock formations and releases trapped oil and gas. But in some parts of the country, worries are also growing about fracking’s effect on water supply, as the...
World’s Largest Ice Sheets Melting At Fastest Rate Ever Recorded
Greenland and Antarctica are home to the two largest ice sheets in the world, and a new report released Wednesday says that they are contributing to sea level rise twice as much as they were just five years ago.
Using the European Space Agency’s CryoSat 2 satellite, the Alfred Wegener Institute from Germany has found that western Antarctica and Greenland are losing massive amounts of ice.
“Combined, the two ice sheets are thinning at a rate of...
Kansas oil producers, politicians push for Republican control of U.S. Senate so they can roll back environmental controls
Kansas oil producers and the state’s congressional delegation found common cause Monday on efforts to flip the U.S. Senate from Democratic to Republican control.
In speeches to the Kansas Independent Oil and Gas Association, the four Congress members emphasized that complete Republican control of government is key to the oil producers getting what they want in terms of lower taxes and lighter regulations for their businesses.
“I think we (Kansas...
At Ford Headquarters, Electric Cars To Be Charged By Solar Canopy Parking Lot
Ford is planning to build a solar canopy covering 360 parking spaces at their world headquarters in Dearborn, Michigan near Detroit. The company, which is teaming with DTE Energy, will spend roughly $5 million to construct the 1.038 megawatt project, which when completed in 2015 will be the largest solar array in the state.
Thirty of the spaces covered by the solar canopy will include charging stations for plug-in electric vehicles, or EVs, with the most...
Utica Shale activity continuing to move south
The latest report from the Ohio Department of Natural Resources proves what already had become apparent in the Mahoning Valley: Utica Shale drilling activity has moved to southern Ohio and doesn’t appear to be coming back.
The core of the Utica is in a narrow swath in Belmont, Monroe, Noble and Harrison counties, said Gabriele Sorbara, an analyst for Topeka Capital Markets.
The issue in the northern part of the shale play, which includes...