What Is the Climate Alliance and How Will it Impact Oil and Gas in Colorado?

In the wake of the United States’ decision to drop out of the Paris Climate Accord, several political leaders across the country have taken it upon themselves to form the US Climate Alliance. On Tuesday, July 11, Colorado Gov. John Hickenlooper became the latest state leader to join the crusade when he proclaimed that Colorado’s state agencies would reduce overall emissions throughout the state.

In Colorado, where the state’s oil and gas industry is a consistent economic boon, a pledge to reduce emissions sounds like the governor is putting the oil and gas industry in his sights. But how much real impact will this new Climate Alliance have on the state’s energy producers?

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Four Advances in Technology That Are Making Hydraulic Fracturing Safer and More Efficient

At every turn, new minds are working to find ways to make the process of extracting shale through fracking safer and more efficient. In a world where the only certainty in the oil and gas industry seems to be the increasing demand, companies have been forced to adapt new technologies month after month. This necessity has made the fracking industry one of the more technologically exciting in the world.

Here are some of the ways that the energy industry is supplying the world with shale thanks to a boost from new technology.

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The Decline in Active Wells Is Good News for Oil and Gas

Over the last six months, the United States oil and gas industry has seen incredible expansion. In June of 2016, the industry claimed 431 active rigs operating in the US. As of June 30, 2017, that number had leapt to 940 active rigs. Seven hundred and fifty-six of those are pumping oil, and 184 are extracting natural gas. The rise in production represents thousands of new jobs created since July of last year.

The last week in June, the United States’ overall rig count fell by a single rig. After 23 straight weeks of robust expansion in which the US oil and gas industry has reached 940 active rigs, the sudden downturn might strike some as a sign of trouble ahead.

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Anti-Fracking Protestors Refuse to Acknowledge Fracking’s Negligible Impact on Water

Among the myriad ongoing conflicts between anti-fracking protestors and the oil and gas industry, fracking’s supposedly harmful impact on nearby water sources is one of the most controversial. An integral part of the fracking process, water has been at the center of a debate that is still ongoing.

Frankly, the continued outrage over fracking and its relationship with water is getting increasingly shaky. New technology, industry pledges, and old-fashioned scientific evidence is proving that when done responsibly the extraction of shale through fracking isn’t a concern.

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Will Investor Hesitation Destabilize a Thriving Permian Basin?

As the United States’ oil and gas industry continues to gain momentum, one of the most prominent performers has been Texas and New Mexico’s Permian Basin. Over the last few years, the Permian has come to represent the United States’ growing dominance in energy production. In recent months, however, some unexpected financial choices from some of the nation’s largest hedge funds have begun to make some investors wonder about the future of the Permian Basin.

Will the vast shale deposit continue to remain one of the United States’ most active oilfields, or does the future of oil and gas lie elsewhere in the nation?

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Trudeau’s Plan for a Cleaner Canada May Just Put the Entire Country at Risk

As the world moves forward with the Paris Climate Agreement, one world leader has risen to the top of the pile in terms of outspoken support of the pact. That man is Canada’s Prime Minister Justin Trudeau. His vocal “disappointment” at the United States’ departure from the Paris Agreement has won him fans around the globe. Yet, the young Prime Minister’s support for the act is threatening to destabilize one of his country’s most important economic sectors: the oil and gas industry.

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Oil and Gas Pushes to Employ Talented Women

As the oil and gas industry works to recover from its years-long recession, the need to supply new and future projects with talented employees is growing. As companies in every sector of the industry search for talented employees, there is also a dramatic change taking place in the way oil and gas companies hire incoming professionals, and things will never look the same again.

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The Paris Agreement Isn’t About the United States, It’s About the Rest of the World

Since the Trump administration took office earlier this year, the President has been working to make good on his campaign promises. In a lot of cases, that has meant battling his way upstream against a steady flow of criticism. The President’s environmental goals have been no different. Whether its the repeated attacks on his decision to open up federal lands to more extraction opportunities or his attempts to de-regulate the oil and gas industry, it seems that environmentalists can’t stand anything Trump does.

In general, that kind of partisan in-fighting is to be expected. What’s more, those decisions on the part of the Trump administration are easily defensible thanks to the continuing innovation within the oil and gas industry and the obvious economic benefits that extraction brings.

When it comes to Trump’s stance on the 2015 Paris Agreement, however, things get more complicated. In that instance, prominent oil and gas company executives are urging the President to comply with the terms of the Agreement.

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