Proposed VA Law Would Protect Frack Chemical Trade Secrets
We have to chuckle. It was just two months ago, in November 2016, that Virginia Gov. Terry McAuliffe approved changes to environmental regulations that requires “mandatory disclosure of fracking chemicals, baseline water testing and monitoring, and spill prevention and response planning” (see Virginia Adopts New Frack Chemical Regs – Fracking to Begin?). In other words, drillers would have to disclose all fracking chemicals. While leftie Big Green groups love the new rules, the drilling industry set about to ensure trade secrets (exact combinations of chemicals) can’t be discovered by using Freedom of Information Act laws. Two new bills have already been introduced in the Virginia legislature this year–House Bill (HB) 1678 HB 1679 (copies below)–that will ensure trade secrets are kept safe. Big Green groups like the Southern Environmental Law Center are having a cow, claiming death and destruction await if the bills are passed…
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Maryland is a lot like New York–populated with lefty liberals who love to tell other people how to live their lives. Maryland went through a years-long process, just like New York, and eventually released what would likely be the strictest drilling regulations in the nation, in late 2014 (see
Can you actually use a mathematical formula to figure out better ways to plan how to drill shale gas wells? It turns out the answer to that question is a resounding, “Yes!” A chemical engineering professor at Carnegie Mellon University, along with several Ph.D. students have, working with EQT, pioneered research that figured out how to turn 14,000 water truck trips to a well site into 1,400 trips–an “order of magnitude” difference. That is a big deal in the drilling industry. Using mathematical formulas–something called “mixed-integer optimization”–Professor Ignacio Grossmann and the other researchers tackled how to make processes in the shale gas industry more efficient. They published a paper in the AIChE Journal in 2016 titled, “Strategic Planning, Design and Development of the Shale Gas Supply Chain Network” (full copy below). The paper “presents a mixed-integer nonlinear programming (MINLP) model to optimally determine the number of wells to drill at every location, the size of gas processing plants, the section and length of pipelines for gathering raw gas and delivering processed gas and by-products, the power of gas compressors, and the amount of freshwater required from reservoirs for drilling and hydraulic fracturing so as to maximize the economics of the project.” Er, right. As you can tell, it’s complex. But it’s also very interesting and relevant for drillers and others in the industry, which is why we bring it to you. Below is a quick summary/overview of the paper, a video of Prof. Grossmann describing the research, and a copy of the paper itself…
A new study by researchers at the University of Chicago, Princeton University, and the Massachusetts Institute of Technology (MIT) finds that the benefits of fracking outweigh the costs. You read that right. Three big lefty schools have released a study saying fracking benefits everyone. “The Local Economic and Welfare Consequences of Hydraulic Fracturing” (full copy below) looked at nine different shale basins. The authors say fracking activity yields $1,300 to $1,900 per year on average to each household in those basins. That’s a $64 billion yearly benefit–from fracking. So says the libs. Fracking benefits include, “a 7 percent increase in average income, driven by rises in wages and royalty payments, a 10 percent increase in employment, and a 6 percent increase in housing prices.” It is the largest and most comprehensive study of its kind…
New research from the National Bureau of Economic Research (NBER) reveals a couple of astonishing facts: From 2012-2014, hydraulic fracturing was responsible for creating $3.5 trillion worth of new wealth. We can’t even get our brains around that number! Another fact: From 2012-2014, fracking create 4.6 million new jobs. Although we’ve experienced a big downturn since 2014, can you imagine how the fracking industry will come back under President Trump? Happy day are here again! More from the latest research report by NBER, titled “Fracking, Drilling, and Asset Pricing: Estimating the Economic Benefits of the Shale Revolution”…
We now know that it’s possible to bribe people who work for the federal Environmental Protection Agency. That is, big money donors DO have a say in how “science” is presented by the agency. The one great, huge, towering problem that anti-drillers have is that there is no scientific evidence that supports their wild claims that fracking contaminates water–which is their favorite lie to spread. When the Environmental Protection Agency arrived at the same conclusion–fracking doesn’t pollute water–after four years of studying it, that really took the wind out of the sails of rabid fossil fuel haters (see
In 2015 the federal Environmental Protection Agency, after spending four years to evaluate 950 studies on hydraulic fracturing, conducted nine of their own original studies, and came to the conclusion that there is no “widespread, systemic impacts on drinking water” from fracking (see
We’re always leery when we read about scientists doing data mining instead of real in-the-field research. So our radar was on alert when we read about the latest data mining project now under way at Penn State. Using a $1 million grant from the National Science Foundation, a cross-disciplinary team of Penn State computer scientists and geoscientists will study methane concentrations in the Pennsylvania’s streams, rivers and private water wells. They will look to see if wells and streams and rivers close to fracked Marcellus Shale wells have higher concentrations of methane than those not close to shale wells. In other words, does fracking cause methane to migrate into nearby water sources? That’s what they’re trying to prove, or disprove. The problem, from our perspective, is whether or not the data being analyzed contains readings of methane levels present in those wells, streams and rivers BEFORE any kind of shale drilling happened. If you don’t have the before and after, the data is useless. Drillers have discovered where the best locations are to drill–so that’s where they drill. (Brilliant, we know.) So it stands to reason naturally occurring methane already exists in those locations. Just because a nearby well or stream has higher levels of methane does not prove a shale well caused it. The methane may have already existed in the same quantities long before any shale drilling. You see the problem? At any rate, here’s the lowdown on another million dollar research project to give the Marcellus yet another anal exam…
The world’s third largest oilfield services company, Baker Hughes, has struggled to stay afloat given the radical reduction in revenue they get for the services they offer. BH’s recent third quarter update showed the company lost $430 million, which is down from losing $912 million in 3Q15, a positive sign we suppose (see
As MDN reported in September, the Maryland Dept. of the Environment (MDE) beat the Oct. 1 deadline to release onerous new fracking regulations (see
Virginia Gov. Terry McAuliffe recently approved changes to environmental regulations that requires “mandatory disclosure of fracking chemicals, baseline water testing and monitoring, and spill prevention and response planning.” While leftie Big Green groups love the new rules, the drilling industry is working to ensure trade secrets (exact combinations of chemicals) can’t be discovered by using Freedom of Information Act laws. The big news, for MDN, is that with the enactment of these new rules (see a copy below), it appears shale fracking is a huge step closer to happening in the Old Dominion…
Donald Trump’s victory in winning the presidency–whether you voted for him or not–is a victory for the oil and gas industry. Fracking is now not in danger of being banned, as it would have been with Hillary Clinton. The Washington “swamp” (“wetland” for greenies) as Trump and his running mate Mike Pence call it–is about to get drained. That includes the rogue, out-of-control Environmental Protection Agency, among others. Radical environmentalists are shocked and suicidal. We’re delighted! The people of this country have spoken…