Economics of unconventional shale gas development ebook by. Oneok to construct ng processing facilities in north dakota and wyoming. Established in 1961 by the government of pakistan, it was turned into a public listed company on 23 october 1997. The increase in shale oil and gas production in the united states follows many years of investment and research carried out by the federal government. Thoroughly researched and well written, shale boom.
Apr 06, 2018 weve seen that there is more of a push towards developing shale and less of an investment into the policies that you need to make sure that shale development results in broadbased economic. Largely due to shale gas discoveries, estimated reserves of natural gas in. Oil and gas development company limited commonly known as ogdcl is a pakistani multinational oil and gas company. This may well be achievable, but it will still be well below the target of 30 bcm for this year in. Fracking communities, fractured communication governing. The book is a key reference that is useful for researchers, the oil and gas industry, and policymakers in gas producing and prospective countries. In fact, the texas commission on environmental quality tceq in the journal. The number of reserves globally, and their potential economic return, have increased dramatically in the past decade. Since the beginning of the us shale gas revolution in 2005, the development of unconventional oil and gas resources has gathered tremendous pace around the world. The first largescale 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. Which companies are the biggest shale players in the u. Questions abound, however, about the appropriate governance systems to manage the risks of unconventional oil and gas devel. Economics of unconventional shale gas development case. Risks and risk governance in shale gas development is the summary of two workshops convened in may and august 20 by the national research councils board on environmental change and society to consider and assess claims about the levels and types of risk posed by shale.
Under the surface is the first booklength journalistic overview of shale gas development and the controversies surrounding it. The regulation of shale gas is an evolving landscape as the industry has developed so. As activity has boomed and job growth continues to increase, training in this area for new and experienced engineers is essential. This book discusses geologic information on the shale gas basins in the us and the methods of shale gas development. Antifracking activists have made claims that shale gas development in general, and hydraulic fracturing in particular, contributes to climate change and threatens groundwater resources, terrestrial and aquatic ecosystems, and human health. Shale gas resources are proving to be globally abundant and the development of these resources can support the geologic storage of co2carbon dioxide to mitigate the climate impacts of global.
In this book ruven fleming has commendably captured some of the core legal issues in relation to shale gas development in the eu. Further, there are some interesting conclusions worthy of further debate and research for future scholars. The authors explain why the shale revolution seems likely to keep oil prices comparatively low for a long time to come, demonstrating how the power of technology and human ingenuity prevails over concerns about depletion. This fascinating book elucidates the economics, geography, history, and politics of oil and the price of oil. Great breakthroughs have been made in strategic exploration and development of shale oil and gas. Control over drilling rights is at stake in the heart of marcellus countrynortheast pennsylvania and central new york. Recognizing the economic and environmental potentials of shale oil and gas, american water supports safe and responsible development of shale gas production pursuant to state and federal regulations that ensure protection of the environment, especially water sources. Enter your mobile number or email address below and well send you a link to download the free kindle app. The book aims to add some contributions and new advances in technologies and prospects on shale gas reserves in selected.
Governing shale gas development, citizen participation. Shale gas has changed thinking about fossil energy supplies worldwide, but the development of these resources has been controversial. Saudi arabias oil and gas giant, aramco, has been given the goahead to launch the jafurah shale gas field project, which will be the biggest shale gas development outside the u. In some cases, this fast expansion has resulted in natural gas drilling and. It is an effort to provide sound technical information on and additional insight into the relationship between todays fastest growing, and sometimes controversial, natural gas resource development activity, and environmental protection, especially water. Exploration and environmental and economic impacts explores the shale gas exploration and production activities that are increasing globally, also presenting a basic understanding on the geological, geochemical, and geophysical aspects. It is an abundant energy resource, playing an active role in future energy demand and enabling nations to transition to higher support on renewable energy sources. This book examines the economics and related impacts of unconventional shale gas development. Author discusses shale gas development across the world. Other readers will always be interested in your opinion of the books youve read. These themes include how multiple actors and institutions industry, governments and regulatory bodies at all scales, communities, opposition movements, and individual landowners have roles in developing, contesting, monitoring, and enforcing practices and regulations within unconventional oil and gas development. The proliferation of activity into new shale plays has increased shale gas production in the united states from 0. Shale oil and gas exploration and development prospects.
The barnett shale play and fort worth was well worth reading. Shale gas solutions if you are investing in the marcellus or utica shale fields, whether upstream, midstream or downstream, we are here to help. The development of natural gas from the marcellus and other shales has not been without controversy. Shale gas development energy science, engineering and.
While focusing on the marcellus and utica shales in the midatlantic region, additional insights from other regions are. Tapping the shale gas boom shale gas business opportunity. Shale crescent usas mission is to encourage business growth along the ohio river valley based upon low natural gas prices that allow manufacturers to operate more efficiently while producing products more economically with access to water, half the population of. Read risks and risk governance in shale gas development. Buy the 234 page paperback tapping the shale gas boom book now and receive a free pdf version with hundreds of clickable links to important information that will help you get new business in the shale gas boom and a free 18month subscription to tapping the shale gas boom newsletter that is an extension of the book with new marketing tips. Users will find chapters on hydraulic fracturing and shale gas drilling, as well as the environmental and economic impacts of these activities. Using a common analytical framework, the authors identify both local factors and transnational patterns in the decisionmaking process. Development of horizontal drilling and hydraulic fracturing is crucial for economic production of shale gas reservoirs, but it must be performed with. Proceedings of the shale energy engineering 2014 conference, held in pittsburgh, pennsylvania, july 2123, 2014.
Shale gas resources are becoming an important energy source for meeting rising energy demand over the next few decades. The global impact of unconventional shale gas development. Shale gas formations and their potential for carbon. Development of horizontal drilling and hydraulic fracturing is crucial for economic production of shale gas reservoirs, but it must be performed with caution and as a multidisciplinary approach. Theory, technologies, and challenges provides users with information on how shale oil and gas exploration has revolutionized todays energy industry. Natural gas, particularly shale gas, is one of the main sustainable energy sources in the current century.
This book discusses geologic information on the shale gas basins in the u. It has a primary listing on the pakistan stock exchange, and secondary listing on the london stock exchange. To further promote the theoretical research and technological innovation on shale oil and gas exploration and development, aapg will be holding a gtw in october 2019 in the dagang oilfield in tianjin, china. Shale gas development in recent years has changed the energy discussion in the us as existing reserves of natural gas. Economics of unconventional shale gas development springerlink. New technology such as horizontal drilling and fracking not only opened up natural gas reserves, it also allowed drilling in urban areas which presented new challenges to both communities and oil companies. The national academies press 500 fifth street, nw washington, dc 20001. Firstenergy s electric utility service area overlays much of the marcellus and utica shale fields across. In texas where there has been extensive shale gas development in dense areas, virtually identical to development in other parts of the country, including pennsylvania, air quality has repeatedly found to be safe and well within regulated levels. The fracking debate combines these stories with an indepth and accessible examination of the current state of research on the most commonly asked questions related to fracking and oil and gas development more broadly.
Development, citizen participation and decision making in the us, canada, australia and europe. As activity has boomed and selection from shale oil and gas handbook book. Case studies and impacts natural resource management and policy book 45 ebook. A comprehensive guide to understanding oil oil prices, crude oil prices, shale oil, gas, oil and gas, consumer economics, oil refinery, oil and gas industry, oil well, oil. A primer geology, regulations, environmental considerations, hydraulic fracturing, protecting groundwater, pollution threats, impact to land. This book discusses the economic, political, and environmental issues surrounding the international exploration and exploitation of conventional and unconventional natural gas. In this book, daniel raimi gives a balanced and accessible view of oil and gas development, clearly and thoroughly explaining the key issues surrounding the shale revolution. Shale gas has become an increasingly important source of natural gas in the united states since the start of this century, and interest has spread to potential gas shales in the rest of the world. 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. Oil and natural gas upstream costs 2 onshore costs. While focusing on the marcellus and utica shales in the midatlantic region, additional insights from other regions are included to provide a broader view of these issues. Shale book shanti gamperrabindran associate professor. The shale dilemma brings together experts working at the forefront of shale gas issues on four continents to explain how countries reach their decisions on shale development.
Shale gas is the term often used to describe both tight gas and shale gas resources. The main difference between tight gas and shale gas, however, is that tight gas can be found in low permeability sedimentary rocks, such as sandstones, while shale gas rocks are usually impermeable 2 royal dutch shell plc. Development, citizen participation and decision making in the us, canada, australia and europe routledge studies in energy policy whitton, john, cotton, matthew, charnleyparry, ioan m. Shale gas is natural gas that is found trapped within shale formations.
Economics of unconventional shale gas development this book examines the economics and related impacts of unconventional shale gas development. In the past, the oil and gas industry considered gas locked in tight, impermeable shale uneconomical to produce. Mar 08, 2020 saudi arabias oil and gas giant, aramco, has been given the goahead to launch the jafurah shale gas field project, which will be the biggest shale gas development outside the u. With these changes have come questions about the nature of shale gas development, the potential environmental impacts, and the ability of the current regulatory structure to deal with this development. This book highlights various aspects of shale gas production and discusses the associated problems, which have greatly influenced the current situation on the global gas market.
There may be as much as 200 trillion cubic feet of natural gas technically recoverable from these shales. This book discusses each of these in turn, detailing the issues most prevalent in each geographical area. Shale energy development is an issue of global importance. The natural gas game changer the development of shale gas plays has become a game changer for the u. Costs in domestic shale gas and tight oil plays were a key focus of eias interest given that development of those resources drove the major surge in crude. Despite the heated debate, neither side has a monopoly on the facts. Shale gas in the united states is an available source of natural gas. It is recognized that some states have been regulating natural gas development. Natural gas production, marcellus shale gas fracking and hydrofrac house committee report section 15. Risks and risk governance in shale gas development is the summary of two workshops convened in may and august 20 by the national research councils board on environmental change and society to consider and assess claims about the levels and types of risk posed by shale gas development and about the adequacy of existing governance procedures. This book provides a comprehensive overview of the key geologic, geophysical, and engineering principles that govern the development of unconventional reservoirs. It focuses on issues such as production technologies, environmental protection, and the impacts of shale gas production on human beings.
Exploitation and development will be useful to geologists, geophysicists, petrophysicists, geomechanic specialists, and drilling, completion, stimulation, production, and reservoir engineers in the environmentally safe exploitation and development of unconventional resources like shale. Led by new applications of hydraulic fracturing technology and horizontal drilling, development of new sources of shale gas has offset declines in production from conventional gas reservoirs, and has led to major increases in reserves of us natural gas. It is a worthy read for energy law scholars who want to see how the eu is responding to this new development across the eu. Between them they are targeting shale gas output of 22 bcm in 2020. The fracking debate provides answers for anyone interested in the big questions of the shale revolution, and the tools to understand future developments and controversies. Natural gas production from hydrocarbonrich shale formation, known as shale gas, is one of the most expanding trends in onshore domestic oil and gas exploration and production. Shale oil and gas exploration and development prospects and. This primer on modern shale gas development in the united states was commissioned through the ground water protection council gwpc. However, advances in directional well drilling and reservoir stimulation have dramatically increased gas production from unconventional shales. Online shopping from a great selection at books store. Natural gas production from shale formations finegrained sedimentary rocks with relatively low permeability that can be rich sources of petroleum and natural gas is one of the most rapidlygrowing trends in u.
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