Bloomberg Businessweek reports that crude oil prices appear headed downward for at least the first half of this year in part because of the shale boom.
The magazine also reports: "U.S. output of oil and natural gas from shale deposits may rise at a slower rate through 2014 because the developments will require almost 3,000 rigs to drill as many as 65,000 wells, in order to keep up the current pace of expansion, according to an estimate from Sadad al-Husseini, founder of Husseini Energy, an independent consultant based in Dhahran, Saudi Arabia. That’s up from 1,874 rigs last year.
“'Oil shales are great, but scaling it up, that’s a big order,'” Husseini, who retired from Saudi Arabian Oil Co. in 2004, said at the forum."
The Businessweek story is here.
Chesapeake Energy Corp,the Oklahoma-based firm is the No. 1 driller in Ohio.
Rig Count Interactive Map by Baker Hughes, an energy services company.
Shale Sheet Fracking, a Youngstown Vindicator blog.
The Ohio Environmental Council, a statewide eco-group based in Columbus.
Earthjustice, a national eco-group.
People's Oil and Gas Collaborative-Ohio, a grass-roots group in Northeast Ohio.
Concerned Citizens of Medina County, a grass-roots group.
No Frack Ohio, a Columbus-based grass-roots group.
Fracking: Gas Drilling's Environmental Threat by ProPublica, an online journalism site.
Pipeline, blog from Pittsburgh Post-Gazette on Marcellus shale drilling.
Allegheny Front, environmental public radio for Western Pennsylvania.