A new report from the Colorado School of Mines’ Potential Gas Committee concludes that the United States is sitting atop natural gas reserves much larger than previously thought – more than 2,000 tcf, according to the committee, or nearly 100 years worth of production.

This expanded forecast is due mainly to the discoveries of large reserves of gas in America’s shale regions, including the Marcellus in Northern Appalachia, the Barnett in North Texas, the Woodford in Oklahoma, the Fayetteville in Arkansas, the Haynesville in Louisiana and Texas, and several others. The upward revision represents the largest jump in resource estimates in the 44-year history of the report.

Unfortunately, we may not be able to recover much of this newly discovered clean-burning natural gas. In a move that studies suggest could result in thousands of lost jobs, billions in taxpayer revenue, and massive amounts of energy left in the ground, Congress has introduced legislation that, if passed, will impose new restrictions on a safe and commonly used recovery technique known as hydraulic fracturing, which is a critical well stimulation technology.

Hydraulic fracturing has been used for more than 60 years to access and increase oil and gas production of resources that otherwise would have remained trapped under miles of rock. It’s also been regulated by state agencies for at least that long.

Now, members of Congress who apparently believe that hydraulic fracturing is unsafe and unregulated want to require the U.S. Environmental Protection Agency to regulate hydraulic fracturing as a form of underground injection under the Safe Drinking Water Act.

Doing so would place an unnecessary financial burden on a critical American industry without any tangible environmental benefit. Hydraulic fracturing has been aggressively regulated by the states and the process has an impressive record of safety and performance. Imposing an additional burden on companies that employ the technique could conceivably result in the loss of thousands of jobs, billions of dollars in taxpayer revenue, and leave massive amounts of energy in the ground.

Your thoughts….

Mr. Don Stowers

I am from Venezuela and have been working in the oil and gas Ind. for 30 years. I am not sure if HF is so sure that does not need more regulations. We have had some fails producing contamination of sweet waters with slated and oily waters. Actually here, there is not any regulation about HF, if we would have some, probably it could be avoided.
So, because, in the future war (cold or hot) will be for water not for oil, I think that this has to be faced with strong limits from now on.
Thanks.
Alfredo Pérez

Tue Jul 07, 04:46:10 PM CDT

There is no doubt that fracing is an environmental hazard, it is an economic burden and it is an umpredictable technology that often causes unwanted fluids. Currently there are no other ways to achieve the productivity.

It is also the backbone of Schlumberger, Halliburton, BJ and many others. They will fight against it. I know, because I have implemted and driven a technology, more successful and profitable than the existing technologies, but they fight it like hell.

The legislation, is a question of telling the government what are in the slurries. That would not be such a big problem to tell them. Guars, polymers, straight water. There are generally no big secrets out there. Everybody uses the same chemicals. In Europe they had to tell anyway, so if Halliburton wanted to know what cemicals Sclumberger uses in Clearfrac, they only have to call their european offices; no big deal. Secondly I would say now is the time to innovate. I am sure most americans would say that there is no replacement for fracking particularily in tight gas. So as an industry we need to innovate and adapt to the society, not tell them it is too expensive. If it is too expensive for the industry to behave like a responsible citizen, then it is time for the industry to innovate or die.

Tue Jul 21, 07:00:23 AM CDT

In my experience, the states have tight enough regulations on HF already.

Tue Jul 21, 02:29:25 PM CDT