1 / 10

North Carolina’s Shale Play: Not Yet

North Carolina’s Shale Play: Not Yet. By Ben Winikoff. Brief History. Unlike conventional natural gas and oil which has pooled and collected under a layer of impermeable rock, shale oil and gas is trapped within an impermeable source rock and cannot escape on its own. . USGS Assessments.

kendra
Download Presentation

North Carolina’s Shale Play: Not Yet

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. North Carolina’s Shale Play: Not Yet By Ben Winikoff

  2. Brief History • Unlike conventional natural gas and oil which has pooled and collected under a layer of impermeable rock, shale oil and gas is trapped within an impermeable source rock and cannot escape on its own.

  3. USGS Assessments These reserves are from ancient freshwater sources that formed during the Mesozoic period. Much smaller than the Backken, Marcellus, and Barnett Shale

  4. Roughly 10 billion dollars in Natural Gas Reserves in the state 1, 709 Billion cubic feet of Gas. In Surveyed NC Basins Compare to: Marcellus Shale, 141 trillion cubic feet (TCF) Source: USGS

  5. Why a State Problem? • Lobbying groups have successfully carved out exemptions for natural gas Source: http://www.americanprogress.org/issues/green/news/2011/06/03/9886/bringing-fracking-to-the-surface/

  6. Pre-Drilling Standards • Baseline Water Data on Water Quality • Biggest problem states face is lack of information about the water quality before drilling begins

  7. Drilling Regulation Dispute: How to Deal with Wastewater

  8. Environmental Recovery • Preventing Cleanup Costs From Shifting to Taxpayers • Bonding Requirements • Spill Response or Contingency Plans • Strict Liability

  9. Side-By Side Comparison

  10. The Debate Goes On

More Related