Advances in Lateral Fracking May Mean Fewer Wells and Larger Profits

In their effort to increase profit while reducing the strain on the environment, oil and gas companies are constantly looking for innovative ways to extract shale from the Earth. Depending on who you ask, the newest advancements for obtaining that shale differ greatly. Chesapeake Energy, for example, is practicing something called, “monster fracking” which could potentially boost well output 70 percent.

In Colorado, though, they’re hedging their bets on a new advancement in lateral fracking that may help reduce the number of standing wells while increasing the output of each location. The process has already been adopted by several companies like Denver-based SM Energy Company, Pioneer Natural Resources, and, funnily enough, Chesapeake Energy.

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Former Greenpeace Leader Reverses Decision on Fracking

On October 18, the former head honcho at Greenpeace UK, Stephen Tindale, released an editorial in The Sun in which he called hydraulic fracturing a central part of the solution when it comes to fighting climate change. As the UK begins to explore the benefits of hydraulic fracturing, Tindale’s endorsement has big implications not only for his country, but for the world as a whole.

Tindale spoke particularly about the need for Britain to supplant its coal-fired power stations with cleaner burning natural gas alternatives. Recently, Britain has pledged to end the use of coal power within the next decade. As Tindale writes, “That’s excellent news from a green perspective. But we need other things to fill the energy gap that’s left, otherwise Britain is going to run out of power. Renewable energy is the best long-term answer. But there’s no chance it will be ready to fill the gap by 2025. And the nuclear sector is also moving too slowly.”

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No Matter Who Wins the US Presidential Election, the Future of Oil and Gas is Hopeful

In recent weeks, as the 2016 Presidential election has lumbered ever-closer, we’ve taken a look at the specific stances that both candidates bring into the fray. From Hillary Clinton’s knack for double talk to Donald Trump’s serious need for an education, no matter how things turn out, the oil and gas industry will end up in a state of flux. However, that may not be such a bad thing for oil and gas, as both candidates seem to have big plans for the future of oil and gas.

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A Closer Look at Hillary Clinton’s Oil and Gas Policies

We’re just a few short weeks away from the conclusion of one of the most contentious Presidential elections in recent memory. The candidates might be imperfect (to put it lightly), but like it or not, the American public will be dealing with the repercussions of voting day for years to come. Before we all shuffle into a booth on November 8, it’ll be important to understand the oil and gas policies of the primary candidates and how they’ll impact the industry in the years moving forward.

Let’s start with Hillary Clinton, the seasoned politician with the dubious past.

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More Often Than Not, Fracking Industry is Misrepresented in Popular Media

The hydraulic fracturing industry is repeatedly under fire from those who would love to prove that natural gas extraction is not only harmful to the environment, but a constant danger to the employees who work on the job. From environmental groups to newspapers, it seems a small army has aligned to demonize an entire industry. More often than not, these attacks are so intent on proving their point that they only provide half the story.

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United States Oil and Gas Independence Could Change the World

Every year, the US Department of Energy puts out a statistical analysis of the country’s oil and natural gas standing. How much we’re using, how much we’re buying, that kind of thing. This Annual Energy Outlook (AEO), which is produced by the DOE’s statistics branch, the Energy Information Agency, also includes a prediction on the country’s net oil and gas usage over the next few years. This year’s AEO had some pretty big surprises for not only the industry, but the entire world.

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A Cease in Federal Subsidies May Cause Severe Harm to the Oil & Gas Industry

Last month, a new study found that cutting $4 billion in federal subsidies to the oil and gas industry would have limited impact on production and consumption. Gilbert Metcalf, an economics professor from Tufts University, concluded in his report for the Council on Foreign Relations, “Cutting oil drilling subsidies might reduce domestic oil production by 5 percent in the year 2030. As a result, he [Metcalf] thinks, the worldwide price of oil would inch up by only 1 percent. He assumes the price of oil will hardly be affected because other countries would increase production as the flow of U.S. crude slowed. Demand would hardly budge, as the price of gasoline at the pump would rise by at most 2 cents a gallon.”

However, those conclusions are misleading.

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Oil & Gas Restrictions Fail to Make the November Ballot in Colorado

After a long, much talked about campaign, Initiatives 75 and 78 have been defeated. The two anti-fracking ballot initiatives were aiming for inclusion on the November Colorado, but were defeated when the Colorado Secretary of State declared that proponents of the initiatives failed to produce the requisite number of signatures that would have seen the measures move forward. Though they have been defeated on this front, anti-fracking protestors have pledged to continue their quest to restrict hydraulic fracking projects across the state.

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Encroaching Environmental Hazards May Pull the Plug on Louisiana’s Oil and Gas Industry

For several years, scientists and industry experts have been keenly aware of the problem brewing on along the Louisiana coastline running along the border of the Gulf of Mexico. Day after day, the shoreline is disappearing into the Gulf, exposing the infrastructure of the state’s oil and gas industry, and threatening longterm havoc if the problem goes untended.

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