Category: Eagle Ford News

Eagle Ford to Benefit From DOE Report Supporting Natural Gas Exports

The good news just keeps coming!  A long anticipated report from the Department of Energy  proves, unequivocally, that the United States will benefit from exporting natural gas.

All scenarios were taken into account, looking at variations in price, supply and demand and how that would affect the overall US economy – including wages and consumer pricing .  Looks like we are well on our way to becoming a major exporter of natural gas! LNG processing terminals are being approved right now.  The first being Sabine Pass, LA

In fact – the more gas we export – the better off we will be!

Download the 230 page report here: US To Benefit From Exporting Natural Gas

eagle-ford-natural-gas-export

Eagle Ford Shale – Most Profitable Oilfield in the World

Many believe that the Eagle Ford Oil and Gas play will become the most profitable oilfield in the world.  The Texas Railroad Commission has already exclaimed that Eagle Ford will be the single best economic event in the history of Texas.  Maybe we shoudl expand that to include the entire world ; )

Great article with a gallery of images from Eagle ford

eagle-ford-pumpjack

Eagle Ford Pumpjack

 

 

 

 

 

 

 

 

 

 

 

See the article here:

http://www.businessinsider.com/tour-of-the-eagle-ford-shale-2012-12

No Eagle Ford Groundwater Contamination

Report after report prove that fracking is no more likely to cause groundwater contamination than a conventional, vertical well. Of course there are risks with any type of well drilled, so precautions and safety is always a high concern.

eagle-ford-groundwater-safe

Eagle Ford Groundwater Safe

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Interesting Points:

Page 45: Casing leaks are potential in any type well.

Page 46: The Fractures are too far from ground water to cause concern.
Page 47: Fractures are only several hundred feet long and thousands of feet below ground water.
Page 49: Regulatory officials from eight shale bearing states find zero groundwater contamination.
Page 52: No link between earthquakes and fracking
View Report:

Less Dependence on Foreign Oil – Good…. However, Texas Refiners Need More Heavy Crude

Eagle Ford and other shale plays are helping the United States get closer to energy independence. Hooray for that.

Now the problem is that many refineries along the US Gulf Coast can only refine a limited amount  of the light, sweet crude coming from Eagle Ford and other shale plays around the country.

refineryat night

Forecasters predict that this imbalance is going to cause a bottleneck in the near future – especially now that the Gulf starting to produce again.

Light crude usually gets a premium price over heavy crude – being easier (less energy) to refine and containing less sulfur.  

The oversupply situation is going to drive the price of sweet light crude down, according got forecasters.

Another factor contributing to the downward pricing pressure is that refineries would have to revamp and replace equipment to convert to more light crude oil production.

Heavy crudes also have a more severe environmental impact than light ones (we wonder if the anti-frackers consider that?)

Maybe some of Obama’s 90 Billion in green energy spending would better serve as subsidies to refineries to re-tool and process the “greener” light crude.  Create jobs, support domestic oil, and help the environment. Win – Win – Win.

 

Read More at:  http://www.eia.gov/oog/info/twip/twiparch/120926/twipprint.html

Matt Damon Anti-Fracking Movie Update

Matt Damon’s anti-fracking movie is hitting a few roadblocks, according to Phelim McAleer , the director of Frack Nation (forthcoming movie to promote fracking).  These roadblocks are coming from holes in their script caused by the truth about fracking. The script is further compromised by the fraud that the anti-fracking folks are being found guilty of in various courtrooms.  These revelations are preventing them from going with the original script.

See the Frack Nation Movie  Facebook page www.facebook.com/fracknation

Read the News Story here:

 http://www.nypost.com/p/news/opinion/opedcolumnists/for_his_next_escape_x46uFSONrAaCey67ZzZV0I

 

More Fuzzy Math From Austin, Texas

New report from Austin based “Environment Texas” claims that fracking costs Texans money!  You heard that right – Eagle Ford brings no net monetary value to Texas – It’s just one big sucking sound on our economy.

See the full report at: http://environmenttexas.org/reports/txe/costs-fracking

Maybe it’s that new math they are teaching up at the university.  Where do these guys come up with these numbers?  Maybe the Texas Environmentalists should just follow the New York environmentalists and blame the spread of syphilis on fracking too. (see http://eagleford.org/new-yorkers-syphilis-is-a-reason-not-to-frack/

eagle-ford-environmentalist

New Math from Austin, TX

 

 

 

 

 

 

 

 

 

 

 

 

Eagle Ford News Opinion…. With these environmentalists – it’s really NOT about the fracking – per se.  What it’s really about is cheap, clean, good ole USA oil and gas.  See, becasue if we have plenty of cheap, clean, local oil and gas – then their wind and solar can’t get off the ground. Now don’t get us wrong – we’re all for alternative energy, where it makes sense.  Right now, we can’t meet our energy demands with wind and solar. Ask T. Boone Pickens about Wind  http://www.ted.com/talks/t_boone_pickens_let_s_transform_energy_with_natural_gas.html