This book examines the economics and related impacts of unconventional shale gas development. While focusing on the Marcellus and Utica Shales in the Mid-Atlantic region, additional insights from other regions are included to provide a broader view of these issues. Shale gas development in recent years has changed the energy discussion in the US, as existing reserves of natural gas coupled with horizontal drilling and hydraulic fracturing make exploitation of these reserves economically feasible. The importance of natural gas is seen as likely to continue to expand over the coming years, and is expected to increase even further with environmental considerations, such as greenhouse gas emissions. Horizontal drilling and hydraulic fracturing producing natural gas from deposits such as the Marcellus Shale is making the US a net producer of natural gas. Previous studies have examined the economic impact of exploration and production in the region. Other studies have addressed legal, environmental, biodiversity, and public health impacts of unconventional shale development. This is the first volume to focus solely on the economics and related financial impacts of this development. This book not only fills the research gap, but also provides information that policy makers and the public need to better understand this pressing issue.

In the past, the oil and gas industry considered gas locked in tight, impermeable shale uneconomical to produce. However, advances in directional well drilling and reservoir stimulation have dramatically increased gas production from unconventional shales. There may be as much as 200 trillion cubic feet of natural gas technically recoverable from these shales. There is an expectation that the demand for natural gas will increase. Developing these shales comes with some controversy. Contents of this report: (1) Background; (2) Unconventional Gas Shale Resources in the U.S.; (3) Drilling and Development Technology; (4) Leasing Issues for Gas Development; (5) Fed. and State Laws and Regulations Affecting Gas Shale Development. Illus.

"An excellent objective explanation of the history, science, technology, politics, environmental concerns, and economics of the shale gas boom. The author clearly has great practical experience of the science and technology of shale gas development and shows a deep understanding of the environmental and economic issues." --Andrew Stone, Executive Director, American Ground Water Trust New technology has opened vast reserves of "unconventional" natural gas and oil from shales like the Marcellus in the Appalachian Basin, making the United States essentially energy independent for the first time in decades. Shale gas had its origins in the oil embargos and energy crises of the 1970s, which led to government research to increase domestic energy supplies. The first large-scale shale gas production was successful on the Barnett Shale in Texas in the late 1990s, followed a few years later by the Marcellus Shale in Pennsylvania. Shale gas has changed thinking about fossil energy supplies worldwide, but the development of these resources has been controversial. Activists have made claims that hydraulic fracturing may contribute to climate change, threaten groundwater resources, and pose risks to terrestrial and aquatic ecosystems, and human health. This volume explores the geology, history, technology, and potential environmental impacts of Marcellus Shale gas resources.

This book discusses the economic, political, and environmental issues surrounding the international exploration and exploitation of conventional and unconventional natural gas. Shale gas development in recent years has changed the energy discussion in the US as existing reserves of natural gas coupled with horizontal drilling and hydraulic fracturing make exploitation of these reserves economically feasible; the discussion is quickly becoming international in scope. The potential expansion of natural gas development impacts many regions of the globe and spans multiple perspectives. In a volatile international climate, one of intense geopolitical conflict between Russia and the West, economic slowdowns in Europe and China, military conflicts in the Middle East and northern Africa, and widening income disparity in the U.S., a relatively inexpensive and plentiful energy source like shale gas could play a key role in mitigating such conflicts. In an energy interdependent global community, however, multiple factors such as oil prices, differing rates of exploration, environmental concerns, strategic initiatives, institutional changes, legal and regulatory issues, and actions of the nations involved all have the potential to influence future outcomes. This book discusses each of these in turn, detailing the issues most prevalent in each geographical area. The first volume to provide a comprehensive global view of the impacts of shale gas development, this book fills a gap in the current research literature, providing vital information for the scholarly community and the public alike. This book will be of interest to researchers and students of economics, energy policy, public administration, and international relations as well as policy makers and residents of the regions that are experiencing shale gas development.

Unconventional Shale Gas Development: Lessons Learned gives engineers the latest research developments and practical applications in today’s operations. Comprised of both academic and corporate contributors, a balanced critical review on technologies utilized are covered. Environmental topics are presented, including produced water management and sustainable operations in gas systems. Machine learning applications, well integrity and economic challenges are also covered to get the engineer up-to-speed. With its critical elements, case studies, history plot visuals and flow charts, the book delivers a critical reference to get today’s petroleum engineers updated on the latest research and applications surrounding shale gas systems. Bridges the gap between the latest research developments and practical applications through case studies and workflow charts Helps readers understand the latest developments from the balanced viewpoint of academic and corporate contributors Considers environmental and sustainable operations in shale gas systems, including produced water management

From the geological mysteries of shale formations to cutting-edge techniques in gas extraction, this book unveils the essential knowledge to harness the potential of shale gas. The book integrates various data types such as outcrop, well logs, core data, etc.) for hydrofracturing—from basin-scale to nano-pore-scale. The book included a wealth of information on the latest advancements, industry practices, environmental considerations, policies, and more. In a world increasingly conscious of environmental concerns, "Cleaner Energy from the Earth" offers a fresh perspective on the utilization of shale gas as a cleaner fossil fuel alternative. This comprehensive book takes the reader on a captivating journey through the science, technology, and innovation driving shale gas exploration and exploitation towards a greener future. Whether you're a seasoned industry professional, a student, or a curious reader, this book provides a comprehensive and accessible resource for all levels of expertise.

As the shale revolution continues in North America, unconventional resource markets are emerging on every continent. In the next eight to ten years, more than 100,000 wells and one- to two-million hydraulic fracturing stages could be executed, resulting in close to one trillion dollars in industry spending. This growth has prompted professionals ex