Market News


EPA delays fracking safety study until 2016

By John Upton 06/24/13

We told you last week that the EPA is abandoning an investigation that linked fracking chemicals with groundwater contamination in Wyoming. Amid controversy over that move, news about EPA delaying another fracking study got overlooked by most media.

In 2010, Congress ordered the EPA to look into the dangers posed to drinking water sources by hydraulic fracturing. That research was expected to be completed in 2014. But last Tuesday, an EPA official told attendees of a shale-gas conference in Cleveland, Ohio, that it wouldn’t be done until 2016.

The Akron Beacon Journal was one of the few outlets to cover the news:

The U.S. Environmental Protection Agency is analyzing the threat that hydraulic fracturing, or fracking, poses to drinking water, but that study won’t be completed until 2016. Read more...


Cleanup work after BP oil spill end in 3 states

Source: Associated press 06/10/13

NEW ORLEANS -- Cleanup work has ended in three of the states affected by BP PLC's massive 2010 oil spill in the Gulf of Mexico, the company said Monday.

The London-based oil giant said the Coast Guard has concluded 'active cleanup operations' in Mississippi, Alabama and Florida, but the work continues along 84 miles of Louisiana's shoreline.

The cleanup by BP contractors ended last Friday in Alabama, on June 1 in Florida and on May 1 in Mississippi, according to company spokesman Jason Ryan. Read more...


Illinois Gov. signs tough fracking regulations law

Source: Associated Press 06/18/13

 

CHICAGO (AP) -- Illinois Gov. Pat Quinn has signed legislation giving the state the nation's strictest regulations for high-volume oil and gas drilling.

In a news release, Quinn's office says the governor signed the bill Monday. Quinn says the law will 'unlock the potential' for thousands of jobs in southern Illinois while protecting the environment. Read more...


First Use of Natural Gas to Power Equipment ford Hydraulic Fracturing in Northeastern Pennsylvania

Source: PR Newswire 5/20/13

 

SUSQUEHANNA COUNTY, Pa., May 20, 2013 /PR Newswire/ - Cabot Oil & Gas- Corporation (NYSE: COG) announces the use of Marcellus Shale natural gas to fracture wells via innovative dual fuel technology. This marks the first time 'field' gas has been used in northeastern Pennsylvania for this purpose. The process of using clean-burning natural gas can displace up to 70 percent of the diesel fuel traditionally used to operate fracturing equipment. This successful effort was a partnership with FTS International (FTSI) and Caterpillar Global Petroleum (NYSE: CAT).

Use of dual fuel technology, where the engines operate on a mixture of natural gas and a small portion of diesel, provides several benefits: Read more...

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