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Category Archives: Economic

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Senate Committee Staff Release Report Espousing Benefits of Hydraulic Fracturing

Posted in Economic
In the final days before the November election, the  Republican (then minority) staff of the Senate Environment and Public Works Committee released a report outlining the domestic economic benefits of hydraulic fracturing, entitled Setting the Record Straight: Hydraulic Fracturing and America’s Energy Revolution. The report espouses the benefits of hydraulic fracturing and horizontal drilling, and… Continue Reading

Coast Guard Proposes to Allow Bulk Transport of Hydraulic Fracturing Wastewater

Posted in Economic, Key Documents, Regulatory
The U.S. Coast Guard issued a proposed policy letter on October 30th that puts forward a process to issue endorsements to barge owners to transport shale gas extraction wastewater in bulk. The letter creates specific conditions that barge owners would have to meet to obtain a certificate of inspection endorsement allowing wastewater transport. Barge owners… Continue Reading

DOE’s Study of Economic Impacts of U.S. LNG Exports Creates Fodder for Both Sides

Posted in Economic
On December 5, 2012, the U.S. Department of Energy, Office of Fossil Energy (DOE) posted the long awaited results of a third-party study on the potential macroeconomic impacts of liquefied natural gas (LNG) exports. Although the study’s aggregate macroeconomic results suggest that LNG export has net benefits to the U.S. economy, whether the study will… Continue Reading

Hydraulic Fracturing, Natural Gas and the U.S. Manufacturing Renaissance Conference Assembles Over 60 Industry Leaders to Discuss Emerging Issues in Natural Gas Development

Posted in Economic, Legislative, Regulatory
On October 23, 2012, Kelley Drye & Warren, LLP convened a conference of key members of the oil and gas industry and energy-intensive manufacturing industries.   The seminar, entitled Hydraulic Fracturing, Natural Gas and the U.S. Manufacturing Renaissance, took place at the Ronald Reagan Building and drew over 60 companies and trade associations involved in the… Continue Reading

SEMINAR INVITATION: Hydraulic Fracturing, Natural Gas and the US Manufacturing Renaissance

Posted in Economic
Please join us on Tuesday, October 23rd as Kelley Drye’s Environmental & Energy and Government Relations practice groups gather government and industry leaders at the Ronald Reagan Building and International Trade Center, in Washington, DC, to discuss important issues surrounding the increased production of natural gas in the U.S. and its implications for US manufacturers and… Continue Reading

BLM Propose Rule on Fracking on Public and Indian Lands: Small Point About Small Businesses

Posted in Economic, Regulatory
In our prior post on the BLM fracking rule, we discussed confidential information and trade secrets which the agency is proposing to collect and, in some cases, disclose.  That issue concerns all businesses in the hydraulic fracturing industry.  The issue here is of particular interest to “small entities” impacted by the proposal, which for legal… Continue Reading

White House Executive Order Supporting Development of Unconventional Natural Resources

Posted in Economic, Legislative
Today the President issued an Executive Order (insert) establishing an inter-agency working group to "facilitate coordinated Administration policy efforts to support safe and responsible unconventional domestic natural gas development." This is a welcomed respite from a series of otherwise misguided federal efforts to over-regulate hydrologic fracturing. By coordinating under the direction of the White House Domestic Policy Council the efforts of 13 federal agencies seeking to study, review or regulate unconventional gas development, and fracking in particular, the White House appears to be backing up the President's promise in his State of the Union speech to support domestic energy production and particularly development of unconventional natural gas resources.… Continue Reading

Fracking – Four Key “D.C.” Issues Every Company Should be Watching

Posted in Economic, Legislative, Regulatory
The controversy over hydraulic fracturing has ushered in an unprecedented wave of scrutiny over the oil and gas industry from nearly every angle—new lawsuits, more state regulations, constant press (often misleading as captured well in this recent Forbes article), local protests, and city council moratoriums. At the same time the President has reeled off a… Continue Reading

Influential Leaders Cite Fracking’s Critical Role in America’s National Security

Posted in Economic
This week a bipartisan group of some of the most influential government and national security leaders of the past thirty years announced the formation of the United States Energy Security Council—and they see a major role for shale gas in America’s future. The Council (whose members include former Secretary of State George P. Shultz, former… Continue Reading

USGS Dramatically Increases Estimated Natural Gas Resources in the Marcellus

Posted in Economic, Regulatory
The United States Geological Survey (USGS) issued a report this week indicating that the Devonian Marcellus Shale formation holds an estimated 84 trillion cubic feet (Tcf) of technically recoverable undiscovered natural gas (with an additional 3.3 Tcf of undiscovered natural gas liquids). As The New York Times’s Ian Urbina notes, the USGS’s estimate is much… Continue Reading

Fracking – An Indisputable Economic Engine

Posted in Economic
The events surrounding the regulation and enforcement of hydraulic fracturing (fracking) in natural gas (and oil) operations have been rapidly evolving over the last year. While this blog has focused primarily on covering those issues, it is worth noting that much also has been happening in the economic and market arena during the same time.… Continue Reading

Can Calm and Reason Prevail in the Fracking Debate?

Posted in Economic, Legislative, Litigation, Regulatory
Andrew Revkin, of the New York Times, has written a short, but very reasonable and worthwhile piece on the ongoing public debate/controversy/vitriol/rhetoric surrounding the shale-gas boom, and the use of hydraulic fracturing (fracking) (which as many do, and should, point out, is a process used to drill for natural gas and oil in certain geologic formations,… Continue Reading

What is the Future Role of Natural Gas?

Posted in Economic
The recent and significant discoveries of abundant unconventional natural gas resources across the United States has sparked a debate about what role natural gas will play in America’s future energy portfolio. The United States Energy Information Agency estimates that while shale gas accounted for 14 percent of U.S. Natural Gas production in 2009, it is… Continue Reading