Updates on the Shale Revolution

Tue, 12/27/2011 - 15:14 EDT - Dr. Mark J. Perry

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1. Wall Street Journal -- "Shale-gas production is spurring construction of plants that make chemicals, plastics, fertilizer, steel and other products. A report issued earlier this month by PricewaterhouseCoopers LLC estimated that such investments could create a million U.S. manufacturing jobs over the next 15 years.Even foreign manufacturers are joining in. Low U.S. electricity and natural gas costs were a factor in the decision by Brazil's Santana Textiles to build a $180 million denim plant now under construction in Edinburg, Texas. Santana initially considered putting the factory in Mexico but found that electricity costs would be 30% lower in Texas."2. Oil jobs the new gold as thousands join N.D. rush -- "Williston, with a population of around 20,000, was a quiet North Dakota town, surrounded by oil fields that had been in decline for decades. Now, it is the heart of the Bakken, a new oil play that has abruptly woken one of the sleepiest states in the Union, transforming North Dakota into an energy heavyweight. It has also made Williston, whose surrounding county now has the lowest unemployment rate in the entire country, a new destination for America’s jobless, homeless and would-be rich."3. Ohio sand turns to gold as drilling boom comes to Buckeye State -- "Rob Sidley is sitting on a gold mine, thanks to Mother Nature. His family-owned company produces the special sand needed for the drilling boom in Ohio’s deep layer of Utica shale. The sand is perfect for the hydraulic fracturing process — or fracking — which uses force to open cracks in the shale and free up natural gas, oil and other lucrative products. Nationally, the market for American fracking sands quadrupled from 2000 to 2009."4. Associated Press — "The United States has record supplies of natural gas and plenty of reasons to promote natural-gas powered cars, but so consumers, manufacturers and fuel suppliers haven't shown much interest.Now, a major natural gas developer's plans to vastly increase the number of truck stops that offer liquid natural gas could help boost its use in the vehicles that burn the most fuel, while promoting its availability to a wider market. Lots of natural gas is available, if U.S. drivers decide to use it. In just a few years, domestic natural gas supplies have increased by trillions of cubic feet through shale finds, boosting the supply to the point where plans are in place to export part of the overflow."

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Is Utica the next big shale opportunity?
Shares of Gulfport Energy were in free fall last spring, dropping 55% in four months, until the oil and gas producer announced it had drilled its first three wells in the Utica shale formation in Ohio. The Oklahoma-based company’s value has since more than doubled, bolstered by a series of company production updates on those and a handful of other new wells located in what many believe to be the next frontier in America’s oil and gas revolution.
The Sand Demand: Finding Opportunities Beyond Direct Shale Plays
Total U.S. crude oil production averaged an estimated 8.6 million barrels per day in August, the highest monthly production since July 1986, according to the Energy Information Administration (EIA).
Fracking boom seen raising U.S. incomes by US$1,200 per household
Surging oil and natural gas production bought on by hydraulic fracturing is lifting the U.S. economy by lowering energy costs for consumers and manufacturers, according an industry-funded report.
Rail Industry Benefits from the Shale Revolution
Here's another example of how the shale revolution and energy prosperity are working their way down the supply chain, and revitalizing the support industries that supply materials, inputs, and drilling equipment to the shale industry.
Bonus Profits from North Dakota’s Untapped Oil
The magic number is 10. With current technology, U.S. producers are able to extract around 10% of the shale oil trapped in a given formation. Seems really low, right? Exactly. Today I want to show you the secret behind getting the other 90%. This secret will take America’s oil and gas boom to the next level. Better yet, you and I will have a front row seat to profit! As I type North Dakota’s Bakken formation is booming – call it the poster child for America’s energy renaissance…
Tight oil revolution may not be enough to secure energy security without Canadian crude
The United States may overtake Russia as the world’s largest producer of oil and natural gas this year, according to the Wall Street Journal. But it’s unclear whether the U.S. can maintain this unbridled growth, especially on the oil side, or even reach its elusive goal of energy security without help from the oil sands.
Shale skeptics take on the energy bulls
Where others see a U.S. energy revolution of cheap and abundant fuel, David Hughes sees a short-term bubble that will bring higher economic and environmental costs. The Canadian geoscientist, founder of the consultancy Global Sustainability Research, is part of a movement pushing back against conventional wisdom that the U.S. is on the verge of energy independence amid surging oil output and a 100-year supply of natural gas.
Part 2: U.S. Oil Output to Overtake Saudi Arabia?
In the second half of his interview with The Financialist, Credit Suisse Global Head of Energy Research Jan Stuart talks about where American oil production is booming, environmental factors and implications for the economy and gas prices. (Read the first half of the interview here.) The Financialist: Where, geographically, is US production growing?
Shale Gas Gives Big Boost to America’s Economy
Here's where America's 100-year supply of natural gas will come from: From
Shale Gas Boom Helps to Slash CO2 Emissions, As Well as Create Jobs and Save Consumers Billions
The chart above shows the significant reduction in coal's share of total U.S.

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