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HEK
Interesting court case in PA on mineral rights and shale gas in the Marcellus field: http://www.forbes.com/feeds/ap/2011/10/11/business-us-gas-drilling-mineral-rights-pennsylvania_8727840.html . What if the drillers really don’t own the mineral rights?
HEK
Daniel Yergin has an article in the Wall Street Journal that explains peak oil from the point of view of the naysayers, of which I am one: http://online.wsj.com/article/SB10001424053111904060604576572552998674340.html. I believe I have made my position clear in previous blog posts, so there is no point in belaboring the issue. The article is well worth the time of anyone who is interested in the subject. Even if you disagree with Yergin’s argument, there is some worthwhile history and coverage of M. King Hubbert, the Shell Oil geologist whose “Hubbert’s Peak,” will always be associated with the concept of peak oil.
HEK
Don’t you just hate it when your opinion is right in the middle of two opposing forces? That means neither side will hire you to advance their cause. Such is the case with the Keystone Pipeline: http://www.washingtonpost.com/politics/keystone-pipeline-opponents-pin-hopes-on-nebraska/2011/09/25/gIQAh6qaxK_story.html?hpid=z11. We need the oil, we need the jobs, but we don’t need to put 3rd parties out of business to get the resources, and there is a farmer or three relying upon that water. So maybe going around the Ogallala Aquifer would be the best plan. Or finding a new method of laying the pipe such that inevitable leaks don’t damage the aquifer. Or even building a new refinery, but the products from it would need to be transported at some point… most likely by pipeline.
HEK
On August 11, the Natural Gas Subcommittee issued its 90-day interim report of “Improving the Safety & Environmental Performance of Hydraulic Fracturing.” The Subcommittee’s 180-day final report is expected on November 18, 2011. There is still time to comment.
I have not read the report yet. If there is interest, I may do so and post my analysis here. Anybody is welcome to provide their opinions and analyses on this blog either before or after I do so. I stand ready to assist clients file formal comments with DOE or understand the economic and policy implications of this report.
HEK
To the McClintock No. 1 oil well, still producing after all these years. More details here: http://www.pennenergy.com/index/petroleum/display/0991555867/articles/pennenergy/petroleum/exploration/2011/08/pennsylvania-oil well.html?cmpid=EnlDailyPetroAugust182011. I have visited this site as well as other historically interesting sites in the PA rock oil region, and found them to be fascinating if you are interested in such history.
HEK