Cuadrilla is backed by a leading U.S. energy private equity firm, Riverstone Holdings. David Leuschen, acting Senior Managing Director, founded Riverstone after an extensive career heading the Global Energy & Power Group for Goldman Sachs.
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The Future of Fracking
What is fracking? Hydraulic fracturing or “fracking” is the process of extracting natural grass from shale rock layers deep within the earth. Fracking methods are used to efficiently produce natural gas in shale plays that were once unreachable with conventional technologies. Fracking in has streamed the media as controversial as environmentalist fear that fracking is not staff. However, multiple studies have been conducted to indicate that fracking is safe.
Iowa Ethanol Producers Scale Back Production
Is the Iowa renewable energy boom about to burst? According to the Gazett, ethanol producers have scaled back production in recent months, and wind energy machinery manufactures have been forced to lay off hundreds of workers across the state as production stalled. Over the last decade, ethanol production in Iowa has boomed.
Energy Independence
The only thing standing in the way of increased production is the anti-drilling and fracking activists. Environmental concerns regarding fracking has caused the government to investigate and place heavy regulations on the fracking process. The investigations of regulations have caused production to slow down. While alternative energy source, natural gas, is still a fossil fuel, it produces half of the carbon emissions that traditional fossil fuels.
North Dakota Oil Rigs Drop Drastically
Due to the controversy and speculations, the EPA has investigated a number of event involving fracking including, water contamination and seismic activity studies. These uncertainties regarding fracking has certainly affected a number of wells in North Dakota, said Helms.
On one hand, the current administration empowers the Clean Air Act and encourage natural gas production, energy from shale. On the other hand, the Obama Administration could potentially regulate fracking, which would increase cost. State governments are currently responsible for fracking regulations.
Marcellus Shale Production to be Most Productive
Marcellus Shale Production is about to become the most productive natural gas field in the United State. Energy for shale is natural gas used to fuel local industry. Marcellus Shale sits under parts of Pennsylvania, West Virginia, New York, and Ohio.
A new fracking economy
All signs are pointing in favor of a new fracking economy. Hydraulic fracturing (commonly referred to as fracking), has been used since the 1940s as a method of extracting oil and gas. Today, an abundance of natural gas and new technologies, means opportunities for economic growth. New hydraulic fracturing technologies are being developed everyday to increase fracking efficiency.
Economic Benefit of Fracking for Natural Gas
Natural gas cost less than alternative fuel sources. For example, while the price of gasoline has risen rapidly over the last year, the price of natural gas has fallen to the lowest level in a decade. The reason why natural gas prices are low has to do with increase production of hydraulic fracturing. Efforts are being made to use more natural gas.
Vehicles: For example, most fleet vehicles (buses) already use natural gas. The market is limited to vehicles that can make it back to headquarter for refilling. Crystler announced a pickup truck that will run on both gasoline and natural gas.
Availibility of API
Hunting’s network of threading facilities in major areas ensures availability of API and proprietary threading services. Services provided include all necessary processes for new threading and repair of full-length tubulars and accessories.
Hunting’s network of facilities in major areas ensures availability of the following services related to OCTG tubulars and accessories.
Hunting’s engineers offer technical back-up beginning with the review of string designs through recommendations of connections for unique applications. Our technical services group can support you with mill audits, monitoring of all types of inspections and supervising the make-up of connections as your tubulars are run downhole.
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Effective Oil and Gas Companies
Today’s oil and gas industry is searching for ways to be more efficient, more cost effective. While much progress has been made, two problems important to your bottom line still persist – the overall cost and the all-too-often delays associated with casing, tubing and other downhole components.
Hunting has a sensible solution that answers both problems. The Pathway Program is a comprehensive service with single point of contact responsibility for complete tubular systems, from planning and procurement through remnant management and final disposal, with true value added throughout the entire process.
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