Category Archives: Shale_Oil_Gas

From Reuters: Hi-tech and Big Data offer hope to battered U.S. oil industry

‘… GroundMetrics Inc originally used its technology applying electromagnetic sensors to track fluid movements deep underground in geothermal wells and only late last year started marketing it for shale formations.‘ ‘GroundMetrics estimates that its cheaper and more efficient alternative to … Continue reading

Posted in Science_Technology, Shale_Oil_Gas | Comments Off on From Reuters: Hi-tech and Big Data offer hope to battered U.S. oil industry

North Dakota Oil Production Nears 1 Million Barrels per Day

Numerous websites are reporting the great news that daily oil production in the Bakken shale play in North Dakota is nearing 1 million barrels. Here is an excerpt and chart from Mark Perry: ‘Oil drillers in North Dakota oil pumped … Continue reading

Posted in Shale_Oil_Gas | Tagged | Comments Off on North Dakota Oil Production Nears 1 Million Barrels per Day

The Shale Gas Revolution and the Plastics Industry

Ethane from natural gas deposits is a feedstock for the production of ethylene. The North American shale gas revolution has resulted in a substantial price decrease in ethane which has led to a renaissance in the plastics industry. In “Major … Continue reading

Posted in Shale_Oil_Gas | Tagged | Comments Off on The Shale Gas Revolution and the Plastics Industry

Algae to crude oil: Million-year natural process takes minutes in the lab

Although this research appears to be interesting, I note that it requires high temperature and pressure, which increases costs. Also, while there are claims of reduced cost from other algae biofuel methods, no numbers are provided. Given the ongoing shale … Continue reading

Posted in Science_Technology, Shale_Oil_Gas | Tagged , | Comments Off on Algae to crude oil: Million-year natural process takes minutes in the lab

The Shale Gas Revolution in the US

Given the economic problems plaguing the US, one can only image how much worse economic conditions would be in the absence of the shale gas revolution. H/T Carpe Diem

Posted in Shale_Oil_Gas | Comments Off on The Shale Gas Revolution in the US

From Bloomberg: North America to Drown in Oil as Mexico Ends Monopoly

This is outstanding news for everyone. Pemex, the Mexican state run oil company, has neither the ability to raise capital or recruit the expertise to exploit Mexico’s vast petroleum resources. Pemex and the Mexican government have finally acknowledged this and … Continue reading

Posted in Political_Economy, Shale_Oil_Gas | Tagged , | Comments Off on From Bloomberg: North America to Drown in Oil as Mexico Ends Monopoly

The Ongoing Shale Oil Revolution

Mark Perry has provided a summary of the astonishing surge in oil production from shale formations in the US. In “Energy fact of the day: Within months, the US will have three oil fields producing more than 1 million barrels … Continue reading

Posted in Shale_Oil_Gas | Tagged , , , , | Comments Off on The Ongoing Shale Oil Revolution