Monterey Shale would provide thousands of jobs, billions of dollars

Developing California’s oil-bearing Monterey Formation could mean up to 195,000 new jobs, more than $22 billion in personal income and $6.7 billion in new taxable sales for the San Joaquin Valley, according to a new study by economists from California State University, Fresno.



Study: Natural gas becoming focal point of global energy

A new study released by General Electric provides some encouraging predictions for the shale gas industry. A white paper titled the Age of Gas finds that natural gas is becoming a focal point of global energy supply and demand.



Opportunities abound here, if we're smart

Bruce Katz, who makes his living by making big ideas accessible to the likes of me, was telling a roomful of prosperous Pittsburghers Wednesday that we're sitting pretty if we play our cards right.



Northeast's gas boom is reshaping U.S. energy industry: report

More than one third of the U.S. natural gas production increase expected between 2013 to 2033 -- some 9.1 billion cubic feet per day -- will come from the Utica and Marcellus shale formations in the Northeast, an oil and natural gas analytics firm said Tuesday.



U.S. Becomes World’s Top Oil Producer in 2013, PIRA Says

The U.S. is expected to overtake Saudi Arabia as the world biggest total supplier of oil this year when natural gas liquids and biofuels are added to crude, PIRA Energy Group said.



Northeast poised to become a major nautral gas supplier

Hydrofracking is driving a major change, and could make the Northeast a major natural gas supplier to the Southeast, according to a new report.



Sizing up the Permian Basin

You may have noticed that the US is in the midst of a dramatic turnaround in oil production. This turnaround is often referred to as the “shale revolution.” Certainly the marriage of the decades-old techniques of hydraulic fracking and horizontal drilling had a huge role in this reversal as shale plays across the country became economical prospects for the first time.



Oil and gas jobs soar to new milestone

The U.S. oil and gas industry added new jobs faster than the total private sector during the year that ended in June, jumping 2.6 percent over the previous year and pushing the industry’s roster past 1 million jobs nationwide, according to a new report.



Texas on track to be among world's largest oil producers

Drilling and production in Texas continues to rise, putting the state on track to be among the world's largest producers of oil by the end of the decade, a Texas regulator told a Houston audience Monday.



Shale industry development creating excitement in Mon Valley

Joy M. Ruff is excited about the economic opportunities that Marcellus shale is creating in the region -- and believes everyone should be.

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