03.05.13

Keystone XL pipeline clears hurdle as State report downplays climate impact

A draft State Department report concludes that building the Keystone XL pipeline would not speed up development of Canada's oil sands, dealing a blow to environmentalists who claim Keystone would worsen climate change.

 

02.28.13

Colorado Gov. Hickenlooper: State Will Sue Any City In Colorado That Bans Fracking

Colorado's Gov. John Hickenlooper is defending fracking once again, but this time he's ready to go to court. In a recent interview with CBS4, Hickenlooper told Shaun Boyd in no uncertain terms that the state will sue any city that bans hydraulic fracturing within their borders

 

02.05.13

5 things you need to know about fracking

Fracking is short for "hydraulic fracturing," and the catch-all term used to describe the process of extracting oil and natural gas from shale rock formations deep underground. The process goes roughly like this: A company drills down more than a mile deep into the shale rock formations. Then comes what is known as "horizontal drilling" - effectively, the drilling turns 90 degrees, so that the well is exposed to more rock than it would be otherwise.

 

01.24.13

53 senators urge approval of Keystone XL pipeline

More than half the Senate on Wednesday urged quick approval of the Keystone XL oil pipeline, ramping up pressure on President Barack Obama to move ahead with the project just days after he promised in his inaugural address to respond vigorously to the threat of climate change.

 

01.22.13

GOP governors, Canadian leader press Obama to approve Keystone pipeline

Ten GOP governors and the premier of Saskatchewan are putting fresh pressure on President Obama to greenlight the proposed Keystone XL pipeline, which would bring Canadian oil sands to Gulf Coast refineries. Premier Brad Wall and the governors, in a letter to Obama Thursday, call the project "fundamentally important" to the future economic prosperity of the United States and Canada.

 

01.21.13

Fracking for natural gas being powered by it, too

Advances in hydraulic fracturing technology have powered the American natural gas boom. And now hydraulic fracturing could be increasingly powered by the very fuel it has been so successful in coaxing up from the depths. Oil- and gas-field companies from Pennsylvania to Texas are experimenting with converting the huge diesel pump engines that propel millions of gallons of water, sand and chemicals thousands of feet down well bores to break apart rock or tight sands and release the natural gas trapped inside.

 

01.21.13

Bi-fuel vehicles gaining speed

Detroit is beginning to produce vehicles that can run on both natural gas and regular gasoline. Anyone who has natural gas service in their home can tap off the same gas line to gas up their vehicle - at least until more commercial natural gas stations are established. Those facts make shale natural gas even more important to states that can produce it.

 

01.07.13

Matt Damon's 'Promised Land' fuels a real-world battle over 'fracking'

The new Matt Damon film 'Promised Land' is giving voice to critics of natural gas production, but the film faces opposition too as "fracking" goes Hollywood. The movie arrives in the middle of political and regulatory battles over fracking, the controversial oil-and-gas development method that's enabling a U.S. production boom. The Beltway has taken notice as green groups highlight the movie and conservatives attack it.

 

12.20.12

Colorado's "unconventional" oil/gas jobs are growing

So-called "unconventional" oil and gas operations - such as the Niobrara oil field in northeastern Colorado - will support 121,000 jobs in the state by the end of the decade, according to a new study issued Wednesday by IHS Inc., an international energy information and analysis firm based in Douglas County. Unconventional fields are those that involve oil sands, shale formations or so-called "tight" sands, such as the Piceance Basin near Rifle in Western Colorado and the Niobrara shale oil formation northeast of Denver. They're more difficult and expensive to penetrate and typically require the use of hydraulic fracturing (fracking) to unlock the oil and gas reserves.

 

12.19.12

New Oil and Natural Gas Study Weighs Economic Benefits for States

A new IHS Study measures economic benefits of Unconventional Oil and Gas Production for each State in the United States Lower 48.