AGA principles urge responsible US gas resource development

Nick Snow
OGJ Washington Editor

WASHINGTON, DC, June 8 -- The American Gas Association released a set of natural gas development principles outlining both the benefits of developing the resource in the US and the importance of doing so sustainably and responsibly. AGA also added a section to its web site including extensive development information about hydraulic fracturing and gas-bearing shale formations.

“Recent technological advancements associated with horizontal drilling and hydraulic fracturing have made it increasingly cost-effective to produce shale gas in new resource areas—a boon to our economy and consumers across the nation—and it’s our responsibility as an industry to help ensure these new resources are developed in a safe and environmentally sound fashion,” AGA Pres. Dave McCurdy said.

McCurdy said the principles address a foundation for sustainable and responsible development of all US gas resources and underscore the commitment of local distribution companies, which comprise most of AGA’s membership, to their communities.

“We want what our customers want—the safe and environmentally sound extraction, transport, and delivery of affordable natural gas,” he said, adding, “Developing this abundant and clean energy resource in America can and should be realized in a responsible manner.”

AGA’s announcement came as the Canadian American Business Council and the Consumer Energy Alliance held a conference about shale gas development and its economic implications for the Canadian and US economies. One of the speakers, Dow Chemical Co. Energy and Climate Change Policy Director Seth Roberts, cited an American Chemistry Council report, “Shale Gas and New Petrochemicals Investment: Benefits for the Economy, Jobs, and US Manufacturing.”

The March report said a hypothetical, but realistic, 25% ethane supply increase for the petrochemical industry would generate 17,000 new knowledge-intensive, high-paying jobs for the chemical industry; 395,000 more jobs outside that industry; $4.4 billion in additional federal, state, and local tax revenue; a $32.8 billion increase in US chemical production; $16.2 billion of capital investments for new petrochemical and derivatives capacity; and $132.4 billion in US economic output.

Contact Nick Snow at nicks@pennwell.com.

Related Articles

MARKET WATCH: NYMEX crude oil prices gain on IEA’s demand forecast

08/13/2015 The front-month light, sweet crude oil contract gained modestly on the New York market Aug. 12, which analysts largely attributed to a monthly mark...

CERI: Lower demand, prices may trim near-term oil sands spending

08/12/2015 Lower crude oil prices and reduced demand resulting from a global economic downturn could reduce Canadian oil sands capital expenditures through 20...

Alaska should move faster to export LNG, study concludes

08/12/2015 Declining crude oil production and growing economic challenges make it urgent for Alaska’s business and government leaders to move ahead more quick...

Morocco’s sole refinery plots financial restructuring

08/12/2015 Société Anonyme Marocaine de l'Industrie de Raffinage (SAMIR) is planning a financial restructuring of the company in an effort to maintain ongoing...

IEA: Long, circuitous rebalancing of oil market begins

08/12/2015 In its August Oil Market Report the International Energy Agency’s forecast shows stronger-than-anticipated global oil demand and non-OPEC supply gr...

Alliance Pipeline schedules mainline system restart

08/12/2015 Alliance Pipeline LP will resume full service of its 3,848-km (2,391-mile) integrated Canadian and US natural gas transmission pipeline this week a...

Study estimates impacts if Delaware River basin fracing bans were lifted

08/12/2015 Up to 4,000 more natural gas wells on 500-1,000 well pads within the Delaware River basin could be drilled if hydraulic fracturing moratoriums ther...

Magnum Hunter near closing Utica JV with private equity fund

08/12/2015 Magnum Hunter Corp., Houston, filed US Securities and Exchange Commission documents indicating a tentative letter of intent for a Utica shale joint...

North Dakota tentatively approves higher level of radioactivity in oil waste

08/12/2015 The North Dakota State Health Council voted unanimously Aug. 11 to adopt rules that would permit waste, including oil field waste, containing radio...
White Papers

UAS Integration for Infrastructure: More than Just Flying

Oil and gas companies recognize the benefits that the use of drones or unmanned aerial systems (UAS) c...

Solutions to Financial Distress Resulting from a Weak Oil and Gas Price Environment

The oil and gas industry is in the midst of a prolonged worldwide downturn in commodity prices. While ...
Sponsored by

2015 Global Engineering Information Management Solutions Competitive Strategy Innovation and Leadership Award

The Frost & Sullivan Best Practices Awards recognise companies in a variety of regional and global...
Sponsored by

Three Tips to Improve Safety in the Oil Field

Working oil fields will always be tough work with inherent risks. There’s no getting around that. Ther...
Sponsored by

Pipeline Integrity: Best Practices to Prevent, Detect, and Mitigate Commodity Releases

Commodity releases can have catastrophic consequences, so ensuring pipeline integrity is crucial for p...
Sponsored by

AVEVA’s Digital Asset Approach - Defining a new era of collaboration in capital projects and asset operations

There is constant, intensive change in the capital projects and asset life cycle management. New chall...
Sponsored by

Transforming the Oil and Gas Industry with EPPM

With budgets in the billions, timelines spanning years, and life cycles extending over decades, oil an...
Sponsored by

Asset Decommissioning in Oil & Gas: Transforming Business

Asset intensive organizations like Oil and Gas have their own industry specific challenges when it com...
Sponsored by
Available Webcasts


The Resilient Oilfield in the Internet of Things World

When Tue, Sep 22, 2015

As we hear about the hype surrounding the Internet of Things, the oil and gas industry is questioning what is different than what is already being done. What is new?  Using sensors and connecting devices is nothing new to our mode of business and in many ways the industry exemplifies many principles of an industrial internet of things. How does the Internet of Things impact the oil and gas industry?

Prolific instrumentation and automation digitized the industry and has changed the approach to business models calling for a systems led approach.  Resilient Systems have the ability to adapt to changing circumstances while maintaining their central purpose.  A resilient system, such as Maximo, allows an asset intensive organization to leverage connected devices by merging real-time asset information with other critical asset information and using that information to create a more agile organization.  

Join this webcast, sponsored by IBM, to learn how about Internet of Things capabilities and resilient systems are impacting the landscape of the oil and gas industry.

register:WEBCAST



On Demand

Taking the Headache out of Fuel License and Exemption Certificates: How to Ensure Compliance

Tue, Aug 25, 2015

This webinar, brought to you by Avalara, will detail the challenges of tax document management, as well as recommend solutions for fuel suppliers. You will learn:

-    Why it’s critical to track business partner licenses and exemption documents
-    The four key business challenges of ensuring tax compliance through document management
-    Best practice business processes to minimize exposure to tax errors

register:WEBCAST


Driving Growth and Efficiency with Deep Insights into Operational Data

Wed, Aug 19, 2015

Capitalizing on today’s momentum in Oil & Gas requires operational excellence based on a clear view of what your business data is telling you. Which is why nearly half* of oil and gas companies have deployed SAP HANA or have it on their roadmap.

Join SAP and Red Hat to learn more about using data to drive process improvements and identify new opportunities with the SAP HANA platform running on Red Hat Enterprise Linux. This webinar will also show how your choice of infrastructure impacts the performance of core business applications and your ability to achieve data-driven insights quickly and reliably.

*48% use SAP, http://go.sap.com/solution/industry/oil-gas.html

register:WEBCAST


OGJ's Midyear Forecast 2015

Fri, Jul 10, 2015

This webcast is to be presented by OGJ Editor Bob Tippee and Senior Economic Editor Conglin Xu.  They will summarize the Midyear Forecast projections in key categories, note important changes from January’s forecasts, and examine reasons for the adjustments.

register:WEBCAST


Emerson Micro Motion Videos

Careers at TOTAL

Careers at TOTAL - Videos

More than 600 job openings are now online, watch videos and learn more!

 

Click Here to Watch

Other Oil & Gas Industry Jobs

Search More Job Listings >>
Stay Connected