Economics of Unconventional Shale Gas Development

Economics of Unconventional Shale Gas Development
Author: William E. Hefley
Publisher: Springer
Total Pages: 248
Release: 2014-12-03
Genre: Business & Economics
ISBN: 3319114999

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This book examines the economics and related impacts of unconventional shale gas development. While focusing on the Marcellus and Utica Shales in the Mid-Atlantic region, additional insights from other regions are included to provide a broader view of these issues. Shale gas development in recent years has changed the energy discussion in the US, as existing reserves of natural gas coupled with horizontal drilling and hydraulic fracturing make exploitation of these reserves economically feasible. The importance of natural gas is seen as likely to continue to expand over the coming years, and is expected to increase even further with environmental considerations, such as greenhouse gas emissions. Horizontal drilling and hydraulic fracturing producing natural gas from deposits such as the Marcellus Shale is making the US a net producer of natural gas. Previous studies have examined the economic impact of exploration and production in the region. Other studies have addressed legal, environmental, biodiversity, and public health impacts of unconventional shale development. This is the first volume to focus solely on the economics and related financial impacts of this development. This book not only fills the research gap, but also provides information that policy makers and the public need to better understand this pressing issue.

Unconventional: Natural Gas Developmt from Marcellus Shale

Unconventional: Natural Gas Developmt from Marcellus Shale
Author: Daniel J. Soeder
Publisher: Geological Society of America
Total Pages: 160
Release: 2017
Genre: Nature
ISBN: 0813725275

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"An excellent objective explanation of the history, science, technology, politics, environmental concerns, and economics of the shale gas boom. The author clearly has great practical experience of the science and technology of shale gas development and shows a deep understanding of the environmental and economic issues." --Andrew Stone, Executive Director, American Ground Water Trust New technology has opened vast reserves of "unconventional" natural gas and oil from shales like the Marcellus in the Appalachian Basin, making the United States essentially energy independent for the first time in decades. Shale gas had its origins in the oil embargos and energy crises of the 1970s, which led to government research to increase domestic energy supplies. The first large-scale shale gas production was successful on the Barnett Shale in Texas in the late 1990s, followed a few years later by the Marcellus Shale in Pennsylvania. Shale gas has changed thinking about fossil energy supplies worldwide, but the development of these resources has been controversial. Activists have made claims that hydraulic fracturing may contribute to climate change, threaten groundwater resources, and pose risks to terrestrial and aquatic ecosystems, and human health. This volume explores the geology, history, technology, and potential environmental impacts of Marcellus Shale gas resources.

The Global Impact of Unconventional Shale Gas Development

The Global Impact of Unconventional Shale Gas Development
Author: Yongsheng Wang
Publisher: Springer
Total Pages: 252
Release: 2016-07-15
Genre: Political Science
ISBN: 331931680X

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This book discusses the economic, political, and environmental issues surrounding the international exploration and exploitation of conventional and unconventional natural gas. Shale gas development in recent years has changed the energy discussion in the US as existing reserves of natural gas coupled with horizontal drilling and hydraulic fracturing make exploitation of these reserves economically feasible; the discussion is quickly becoming international in scope. The potential expansion of natural gas development impacts many regions of the globe and spans multiple perspectives. In a volatile international climate, one of intense geopolitical conflict between Russia and the West, economic slowdowns in Europe and China, military conflicts in the Middle East and northern Africa, and widening income disparity in the U.S., a relatively inexpensive and plentiful energy source like shale gas could play a key role in mitigating such conflicts. In an energy interdependent global community, however, multiple factors such as oil prices, differing rates of exploration, environmental concerns, strategic initiatives, institutional changes, legal and regulatory issues, and actions of the nations involved all have the potential to influence future outcomes. This book discusses each of these in turn, detailing the issues most prevalent in each geographical area. The first volume to provide a comprehensive global view of the impacts of shale gas development, this book fills a gap in the current research literature, providing vital information for the scholarly community and the public alike. This book will be of interest to researchers and students of economics, energy policy, public administration, and international relations as well as policy makers and residents of the regions that are experiencing shale gas development.

Environmental and Health Issues in Unconventional Oil and Gas Development

Environmental and Health Issues in Unconventional Oil and Gas Development
Author: Debra A Kaden
Publisher: Elsevier
Total Pages: 288
Release: 2015-12-07
Genre: Science
ISBN: 0128041250

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Environmental and Health Issues in Unconventional Oil and Gas Development offers a series of authoritative perspectives from varied viewpoints on key issues relevant in the use of directional drilling and hydraulic fracturing, providing a timely presentation of requisite information on the implications of these technologies for those connected to unconventional oil and shale gas development. Utilizing expertise from a range of contributors in academia, non-governmental organizations, and the oil and gas industry, Environmental and Health Issues in Unconventional Oil and Gas Development is an essential resource for academics and professionals in the oil and gas, environmental, and health and safety industries as well as for policy makers. Offers a multi-disciplinary appreciation of the environmental and health issues related to unconventional oil and shale gas development Serves as a collective resource for academics and professionals in the oil and gas, environmental, health, and safety industries, as well as environmental scientists and policymakers Features a diverse and expert group of chapter authors from academia, non-governmental organizations, governmental agencies, and the oil and gas industry

Realizing the Potential of U.S. Unconventional Natural Gas

Realizing the Potential of U.S. Unconventional Natural Gas
Author: Sarah O. Ladislaw
Publisher: Center for Strategic & International Studies
Total Pages: 66
Release: 2013-05-03
Genre: Political Science
ISBN: 144222472X

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The ability to access and economically develop vast amounts of America’s unconventional natural gas resources, especially large shale gas formations, has altered our national view on energy and has subsequently changed the discourse at the federal, state, and local levels. Since 2008, when the economic viability of shale gas resources first became widely recognized, policymakers and industry leaders have worked to better understand the nature of this resource; the risks and opportunities associated with its production, transport, and use; and the potential strategic implications of the United States’ new energy reality. The paradox of the U.S. unconventional gas story is that the technologies and industry practices that made it possible have been decades in the making; the public policy and commercial landscape is vastly different from just a few years ago; and the story of this remarkable resource development is still in its infancy. In an attempt to capture the current state of play with respect to resource development, operational practices, risk identification and mitigation, impacts assessment and identify strategies that allow this valuable resource to be prudently developed, the CSIS Energy and National Security Program undertook this Unconventional Gas Initiative. Over the course of the past year, the authors were able—in concert with industry and nongovernmental organization (NGO) supporters—to work with a wide array of regulators, policymakers, environmental, industry and financial groups, academics and community stakeholders to capture the latest understanding of the unconventional gas development picture and develop themes and findings in the hope of facilitating an informed discussion on a path forward.

Unconventional Shale Gas Development

Unconventional Shale Gas Development
Author: Rouzbeh G. Moghanloo
Publisher: Gulf Professional Publishing
Total Pages: 498
Release: 2022-02-23
Genre: Science
ISBN: 0323905293

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Unconventional Shale Gas Development: Lessons Learned gives engineers the latest research developments and practical applications in today’s operations. Comprised of both academic and corporate contributors, a balanced critical review on technologies utilized are covered. Environmental topics are presented, including produced water management and sustainable operations in gas systems. Machine learning applications, well integrity and economic challenges are also covered to get the engineer up-to-speed. With its critical elements, case studies, history plot visuals and flow charts, the book delivers a critical reference to get today’s petroleum engineers updated on the latest research and applications surrounding shale gas systems. Bridges the gap between the latest research developments and practical applications through case studies and workflow charts Helps readers understand the latest developments from the balanced viewpoint of academic and corporate contributors Considers environmental and sustainable operations in shale gas systems, including produced water management

Unconventional Oil and Gas Development

Unconventional Oil and Gas Development
Author: U.s. Government Accountability Office
Publisher: Createspace Independent Publishing Platform
Total Pages: 242
Release: 2017-08-04
Genre:
ISBN: 9781974184941

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"Technological improvements haveallowed the extraction of oil and naturalgas from onshore unconventionalreservoirs such as shale, tightsandstone, and coalbed methaneformations. Specifically, advances inhorizontal drilling techniques combinedwith hydraulic fracturing (pumpingwater, sand, and chemicals into wellsto fracture underground rockformations and allow oil or gas to flow)have increased domestic developmentof oil and natural gas from theseunconventional reservoirs. Theincrease in such development hasraised concerns about potentialenvironmental and public health effectsand whether existing federal and stateenvironmental and public healthrequirements are adequate.GAO was asked to reviewenvironmental and public healthrequirements for unconventional oiland gas development and (1) describefederal requirements; (2) describestate requirements; (3) describeadditional requirements that apply onfederal lands; and (4) identifychallenges, if any, that federal andstate agencies reported facing inregulating oil and gas developmentfrom unconventional reservoirs. GAOidentified and analyzed federal laws,state laws in six selected states(Colorado, North Dakota, Ohio,Pennsylvania, Texas, and Wyoming),and interviewed federal and stateofficials and representatives fromindustry, environmental, and publichealth organizations.GAO is not making recommendations"

Unconventional Gas Shales

Unconventional Gas Shales
Author: Anthony Andrews
Publisher: DIANE Publishing
Total Pages: 53
Release: 2010-02
Genre: Science
ISBN: 143792543X

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In the past, the oil and gas industry considered gas locked in tight, impermeable shale uneconomical to produce. However, advances in directional well drilling and reservoir stimulation have dramatically increased gas production from unconventional shales. There may be as much as 200 trillion cubic feet of natural gas technically recoverable from these shales. There is an expectation that the demand for natural gas will increase. Developing these shales comes with some controversy. Contents of this report: (1) Background; (2) Unconventional Gas Shale Resources in the U.S.; (3) Drilling and Development Technology; (4) Leasing Issues for Gas Development; (5) Fed. and State Laws and Regulations Affecting Gas Shale Development. Illus.

Unconventional Natural Gas Development

Unconventional Natural Gas Development
Author: Jeremy P. Collins
Publisher: Nova Science Publishers
Total Pages: 0
Release: 2015
Genre: Gas fields
ISBN: 9781634821285

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The recent growth in unconventional natural gas production has also produced a profusion of publications on the exploration, development, production, infrastructure, economics, uses, and environmental impacts of these resources. This book summarises the current state of published descriptions of the potential environmental impacts of unconventional natural gas upstream operations within the Lower 48 United States. It also examines the technology, impacts and regulations of hydraulic fracturing, which is a key technique that has enabled the economic production of natural gas from shale deposits, or plays.