BLM Oil Shale

From: United Press International

BUENOS AIRES, Nov. 8 (UPI) — Argentina’s latest oil discovery is the biggest yet in the Latin America and puts the country’s southern Patagonia region on the map as a potential new energy hub on the continent.

Recent economic growth, mostly fueled by commodities exports, has propelled increased activity in both business and industry and given consumers more spending power and hunger for electricity-intensive lifestyle. But falling oil production has been a recurring theme in government pronouncements on Argentina’s future energy strategies.

From: The Wall Street Journal

By:  ANGEL GONZALEZ

HOUSTON—Hess Corp.’s oil production in North Dakota’s prolific Bakken Shale will triple by 2015 as the oil company increases drilling activity in the area, Chief Executive John Hess said Wednesday.

Hess’s net output, currently at 39,000 barrels of oil equivalent per day, will reach 60,000 barrels of oil equivalent in 2012 and 120,000 barrels of oil equivalent in 2015, the executive said in an earnings call.

By: The Republic

FORT WORTH, Texas — Drilling is at a seven-year low in the North Texas natural gas fields. But even as drilling pace slackens in the Barnett Shale, it’s booming in other oil and gas fields of Texas such as the Permian Basin of West Texas and the Eagle Ford Shale of South Texas.

The number of active Barnett Shale drilling rigs has fallen to 53, their lowest since June 11, 2004. That’s barely more than one-fourth of the peak count of 203 active Barnett rigs on Sept. 5, 2008, the Fort Worth Star-Telegram reported in Sunday’s edition (http://bit.ly/p22kJe ).

From: Bloomberg Business Week

By Nayla Razzouk

Oct. 4 (Bloomberg) — Karak International Oil can start a $1.8 billion oil shale project expected to produce 15,000 barrels of oil a day by 2016 in Jordan after securing a royal decree, according to the British embassy in the kingdom.

Karak International, a unit of Tunbridge Wells, England- based Jordan Energy and Mining Ltd., has invested $30 million in the plan, the embassy said in an e-mailed statement today. The company signed an agreement with Jordan in March. The project will help the nation by “reducing its reliance on foreign oil imports and increasing national wealth by an estimated $60 million per year through tax and royalties,” it said.

From: Bizmology

A US oil and gas company CEO has a plan for America to get its swagger back.

In the midst of slow economic growth and high unemployment, Chesapeake Energy‘s Aubrey McClendon is offering a big, if not original, idea.

What if the US saved $5 trillion to $7 trillion over the next decade by not importing foreign oil? Echoing T. Boone Pickens, the godfather of the Pickens Plan, McClendon is pitching exploiting abundant undeveloped domestic shale deposits (for both oil and gas in this case) to save the US economy, provide jobs to 400,000 workers, and help America get its mojo working again.

From: Standard Examiner

From: The Wall Street Journal

Albanian Minerals: US has huge potential for economic prosperity
Albanian Minerals President and CEO Sahit___Muja said “The U.S, energy Independence is absolutely possible if US invest in innovative technology”.

The USA, the land of the opportunity that has attracted millions of emigrants worldwide has a huge potential to remain the world’s richest and most power full country in the planet for thousands of years to come.

Albanian Minerals President and CEO Sahit___Muja saying that “The US can cut 100% on its foreign oil dependence by investing in oil shale, natural gas, wind and solar power”.

From: Post Independent

By:  John Colson

RIFLE, Colorado — A feisty exchange between a couple of local politicians was taken in stride Tuesday by Colorado’s senior U.S. senator during a meeting about how to get $17 million out of federal hands and into the hands of Western Slope communities affected by the oil shale boom and bust of the 1980s.

“I don’t relish being King Solomon,” said U.S. Sen Mark Udall, D-Eldorado Springs, reacting to a short dispute between Rifle Mayor Keith Lambert and Garfield County Commissioner John Martin, “and hopefully, I won’t have to be.”

From: Fuel Fix

By:  Brent Clanton

The recent sharp rise in crude production from Bakken shale in the northern U.S. underscores the potential of emerging oil shale plays to increase domestic energy supplies, much in the same way natural gas shales from Texas to New York have boosted output, says a new report by an oil industry-backed group.

Oil production in North Dakota, which accounts for about 75 percent of Bakken output, has more than doubled since 2008 and now hovers around 350,000 barrels per day. The increase has made North Dakota the nation’s fourth-largest oil-producing state, representing about 6 percent of U.S. oil output, the report by the non-profit Energy Policy Research Foundation said.