Natural Gas Vehicles: Driving America to a More Prosperous, Secure, and Sustainable Future (Progressive Policy Institute)
Life Cycle Greenhouse Gas Emissions and Freshwater Consumption of Marcellus Shale Gas (ExxonMobil Research and Engineering Co.)
MSC Prepared Remarks before the Philadelphia City Council’s Committee on Global Opportunities & Creative Innovative Economy
Realizing the Potential of U.S. Unconventional Natural Gas (Center for Strategic and International Studies)
The Financial Returns from Oil and Natural Gas Company Stocks Held by American College and University Endowments (Sonecon)
The advent of shale gas production in the U.S. has already changed the game for the North American natural gas market. Technical advances in natural gas extraction over the past decade resulted in the doubling of the estimated supply of recoverable natural gas in the U.S. from 2009 to 2011.
Unconventional oil and gas activity is already revolutionizing America’s energy future and bringing enormous benefits to its economy. Unlocking unconventional energy will generate millions of jobs and billions in government receipts.
Advances in horizontal drilling and fractionation of shale gas basins in North America are altering the chemicals industry value chain, constituting a potential game changer that could affect the entire energy industry. In PwC’s new publication, Shale gas: Reshaping the US chemicals industry, we examine the immediate and longer term effects on the chemicals industry.
Over the last six years, enhancements in oil and gas recovery have revolutionized the US energy industry. New horizontal drilling applications have accelerated US domestic production of oil and natural gas. Using conservative assumptions, we believe the US could substantially reduce its dependency on imported petroleum by the end of the decade.
Assessment of New York City Natural Gas Market Fundamentals and Life Cycle Fuel Emissions (ICF International)
This report provides ICF’s outlook for the natural gas market in New York as well as providing a life-cycle analysis of GHG emissions from heating fuels in New York City.
Some of the most dramatic energy developments of recent years have been in the realm of natural gas. Huge quantities of unconventional US shale gas are now commercially viable, changing the strategic picture for the United States by making it self-sufficient in natural gas for the foreseeable future.
Using the economic tools of traditional cost benefit analysis, we demonstrate that for one given year, 2010, the consumer surplus from shale gas is in excess of $100 billion to the US economy.
The Economic and Employment Contributions of Unconventional Gas Development in State Economies (IHS)
Characterizing Pivotal Sources of Methane Emissions from Unconventional Natural Gas Production (API, ANGA)
Low domestic natural gas prices have led to savings of almost $250 billion for natural gas customers over the past three years. The American Gas Association (AGA) today released a study entitled “Identifying Key Economic Impacts of Recent Increases in U.S. Natural Gas Production” which credits the recent success of shale gas production in the […]
Environmental Impacts During Shale Gas Drilling: Causes, Impacts and Remedies (University at Buffalo)
The University at Buffalo’s Shale Resources and Society Institute today issued a report, “Environmental Impacts During Shale Gas Drilling: Causes, Impacts and Remedies,” which offers the first quantitative data review of Pennsylvania’s regulation of hydraulic fracturing of natural gas.
UNIVERSITY PARK, Pa. — Natural-gas development appears to be having a positive effect on the local collection of state taxes in Pennsylvania’s Marcellus Shale region, according to an analysis by researchers in Penn State’s College of Agricultural Sciences.
As the world struggles to emerge from a global financial crisis and its fallout on the real economy, countries are looking for solutions to improve domestic economic performance and put people back to work. The “Energy for Economic Growth – Energy Vision Update 2012” highlights how the energy sector can make a major contribution to […]
Potential Economic & Fiscal Impacts of Natural Gas Production in Western Maryland (MD Petroleum Council)
MSC Statement for Congressional Record; U.S. House of Representatives, Subcommittee on Energy and Mineral Resources Hearing
Natural gas produced from shale formations, commonly referred to as “shale gas”, has become increasingly important in the energy supply picture for US and worldwide. Obtaining natural gas from shale units was until recently not considered economically feasible because of low permeability of shales. Economic utilization has been made possible by application and refinement of […]
The outlook for North America’s natural gas supply has improved dramatically in recent years as horizontal drilling and hydraulic fracturing technologies have made it possible to commercially develop tight and shale gas reserves.
The economic environment remains difficult for many US manufacturers, with soft demand and margin pressures making it harder to grow their domestic workforces. In this analysis, we present our point of view on how shale gas resources can help the sector address these challenges and create more jobs in the United States.
This study presents the economic contribution of the shale gas industry – today and in the future. It does so in terms of jobs, economic value, and government revenues. The research demonstrates how the development of new sources of natural gas from shale formations has changed the US energy outlook and the economy. In 2010, […]
Remarks of the Marcellus Shale Coalition Before the U.S. Environmental Protection Agency Regarding Proposed Rules for the Oil and Natural Gas Sector: New Source Performance Standards and National Emission Standards for Hazardous Air Pollutants Reviews
The Economic Impact of the Value Chain of a Marcellus Shale Well Site examines the direct economic impact of a Marcellus Shale well located in Southwestern Pennsylvania.
The Pennsylvania Marcellus Shale Workforce Needs Assessment is intended to supply baseline data to provide individuals, job seekers, communities, businesses, workforce and economic development professionals, and government officials at all levels with the ability to estimate the direct workforce requirements for Marcellus Shale development. Specifically, the assessment can help outline the key occupations associated with […]
This study is the third in a series of reports (Considine, et al., 2009 and 2010) documenting the development of the Marcellus Shale and its economic impacts on the Commonwealth of Pennsylvania. This update finds that during 2010 Pennsylvania Marcellus natural gas development generated $11.2 billion in value added or the regional equivalent of gross […]
This study assesses the impact of U.S domestic shale gas development on energy security and U.S. national security. Prepared in conjunction with an energy study sponsored by the Baker Institute and supported by the U.S. Department of Energy. (Kenneth B. Medlock III, Amy Myers Jaffe, Peter Hartley)
There are very few opportunities available to New York State with the same jobcreating potential as exploring and developing the Marcellus Shale formation. The safe and sustainable development of the Marcellus can help to transform the economy in New York’s Southern Tier. The effects of the recent global recession are still resonating in much of […]
Directional drilling and hydraulic fracturing have unlocked vast new reserves of natural gas in the United States. Development of these resources is now well under way in Pennsylvania and West Virginia. Unlike their neighbors to the south, however, New York residents are not directly benefiting from natural gas development as the result of a government-imposed […]
by Kathryn Z. Klaber President and Executive Director Marcellus Shale Coalition May 20, 2011
The natural gas in the Marcellus Shale represents one of the largest energy reserves in the world. This clean-burning resource provides a unique opportunity for the transportation sector to move toward a lower-cost, lower-emission and domestic energy resource to meet our transportation needs in an economically and environmentally responsible manner. The Marcellus Shale Coalition (MSC) […]
Shale Gas and New Petrochemicals Investment: Benefits for the Economy, Jobs, and US Manufacturing (ACC)
Chemistry transforms raw materials into the products and processes that make modern life possible. America’s chemical industry relies on energy derived from natural gas not only to heat and power our facilities, but also as a raw material, or “feedstock,” to develop the thousands of products that make American lives better, healthier, and safer. Access […]
Deep beneath the rolling hills and mountains of Appalachia from West Virginia in the south to upstate New York in the north lies a natural gas deposit known as the Marcellus Shale.
Fully developed, the Marcellus Shale has the potential to be the second largest natural gas field in the world, behind only the South Pars/Asalouyeh field shared between the nations of Iran and Qatar. Converted to British Thermal Units (BTUs), the natural gas found in the Marcellus could be equivalent to the energy content of 87 billion barrels of oil, enough to meet the demand of the entire world for nearly three years.