Thursday, August 11, 2022
Tags Posts tagged with "oil and gas"

Tag: oil and gas

An active year of drilling and high natural gas prices last year led Pennsylvania to collect the second largest amount ever in impact fee revenue from natural gas drillers.

Alan Guebert breaks down the facts in regards to global conflicts putting pressure on the oil and gas and grain markets.

The natural gas industry has cleaned up its act over the years. Is that enough to make it a green energy source? Troy Balderson thinks so.

Over the last two decades, an energy company founded in 2001 has become the largest natural gas well owner in the U.S. — without drilling wells. Diversified Energy owns about 70,000 mostly conventional oil and gas wells across the U.S., largely in the Appalachian Basin, making it a big player in the region’s oil and gas industry.

The state is home to more than 20,000 orphan wells — oil and gas wells without a registered owner responsible for plugging it once its productive life is through. These wells can pose environmental, health and safety hazards to the people living around them. 

Now that the U.S. has weaned itself off of its reliance on liquid fuel from across the ocean, it’s battling a dependency of another kind as the transition from fossil fuels to renewables continues.

The Pennsylvania Farmland Preservation program recommends prime farmland soil remain available for agricultural production and that solar development instead take place on rooftops, impervious surfaces or on less productive soils. The problem is there is no mechanism at the state level to control siting of utility-scale solar projects.

Ohio Senate Bill 171 and House Bill 282 would do away with regulations around selling oil and gas wastewater to be used as deicer or to control dust on roads.

The Energy Information Administration reported Sept. 1 that production in the Marcellus and Utica shales averaged 31.9 billion cubic feet per day during the first half of the year. That's the highest average for a six-month period since production began in 2008. 

Pennsylvania was within 1,000 billion cubic feet of Texas’ natural gas production levels through the second quarter of 2021, according to the Pennsylvania Independent Fiscal Office’s quarterly natural gas production report. This is the closest Pennsylvania has ever been to Texas production levels.