CleanTech Focus

How The Fracking Revolution Is Killing the U.S. Oil and Gas Industry

DeSmogBlog

DECEMBER 22, 2020

fracking miracle, the U.S. This is despite the fracking revolution delivering record oil and gas production for the past decade, peaking in 2019. Tags: fracking finance LNG Exports methane shale oil associated gas Read time: 16 mins After over a decade of the much-hyped U.S.

Methane

The Bakken Boom Goes Bust With No Money to Clean up the Mess

DeSmogBlog

AUGUST 8, 2020

Read time: 12 mins More than a decade ago, fracking took off in the Bakken shale of North Dakota and Montana, but the oil rush that followed has resulted in major environmental damage , risky oil transportation without regulation , pipeline permitting issues, and failure to produce profits.

Transportation

Analysis: Some Fracking Companies Are Admitting Shale Was a Bad Bet — Others Are Not

DeSmogBlog

MARCH 5, 2021

Read time: 10 mins Energy companies are increasingly having to face the unprofitable reality of fracking, and some executives are now starting to admit that publicly. Tags: shale fracking But the question is whether the industry will listen — or continue to gamble with shale gas and oil.

Energy

Energy Energy

This Problem With Fracked Oil and Gas Wells Is Occurring 'at an Alarming Rate'

DeSmogBlog

JANUARY 23, 2020

Read time: 13 mins On February 15, 2018, a fracked natural gas well owned by ExxonMobil's XTO Energy and located in southeast Ohio experienced a well blowout, causing it to gush the potent greenhouse gas methane for nearly three weeks. Tags: fracking Blowout well casing failures fracking finances

Methane

Methane Natural gas Energy Energy

Big Banks Pull Financing, Prepare To Seize Assets From Collapsing Oil and Gas Industry

DeSmogBlog

APRIL 13, 2020

Read time: 6 mins The finances of the oil and gas industry are so dismal that the major banks that have funded the money-losing fracking boom are now exploring taking the unusual step of taking over the oil companies that can not afford to pay back the bank’s loans. Tags: fracking finance Big Banks

Is the U.S. Fracking Boom Based on Fraud?

DeSmogBlog

MARCH 5, 2020

fracking industry is working to its advantage. Tags: Enron fracking finances Alta Mesa Bethany McLean Fraud As Fastow explained, in finance, the difference between a loophole and fraud isn’t always easy to identify. And that may be something the U.S.

Energy

Energy Energy

Argentina’s Illegal Oil and Gas Waste Dumps Show ‘Dark Side’ of Vaca Muerta Drilling, Says Criminal Complaint

DeSmogBlog

MARCH 15, 2021

Read time: 17 mins On December 21, 2020, environmental crimes investigators in the western Argentine province of Neuquén carried out a raid against a company that handles fracking waste in the heart of the Vaca Muerta shale basin, a booming oil and gas field in northern Patagonia.

Waste

Waste Waste Law

Fracked Gas Well Blowout in Louisiana Likely to Burn for the Next Month

DeSmogBlog

SEPTEMBER 12, 2019

Read time: 8 mins A fracked natural gas well in northwest Louisiana has been burning for two weeks after suffering a blowout. A state official said the fire will likely burn for the next month before the flames can be brought under control by drilling a relief well.

Natural gas

Natural gas Pollution

Will the Fracking Revolution Peak Before Ever Making Money?

DeSmogBlog

OCTOBER 3, 2019

That should be a truly frightening prospect for investors in American fracking operations, but one which DeSmog has long been warning of. Tags: fracking fracking finances Read time: 7 mins This week, the Wall Street Journal highlighted that the U.S.

To Many's Dismay, Permian Produces More Gas and Condensate Instead of Oil and Profits

DeSmogBlog

FEBRUARY 21, 2020

Tags: Permian Shale frack finances condensate fracking finances Schlumberger Halliburton Many of those problems can be traced to two issues for the Permian Basin: The quality of its oil and the sheer volume of natural gas coming from its oil wells.

Natural gas

How U.S. Crude Oil Exports Are Hastening the Demise of the Oil Industry

DeSmogBlog

JANUARY 28, 2021

Tags: crude oil export ban fracking However, looking back at the impact of lifting the 40-year-old ban, it appears the move has helped hasten the financial demise of the U.S. oil industry — while also increasing the industry’s huge contribution to climate change.

Climate change

How One Utah Community Fought the Fracking Industry — and Won

DeSmogBlog

JANUARY 17, 2020

Tags: Frac Sand Utah fracking finances fracking Kanab, a small Utah town that’s home to the famous Best Friends Animal Society, took an unconventional path to face down a frac sand mine that threatened the region’s aquifer.

Already Burning for a Month, Fracked Gas Blowout in Louisiana Could Last Two More Months

DeSmogBlog

OCTOBER 4, 2019

Read time: 7 mins For the fifth week since the blowout began , a large flare is still burning at the site of GEP Haynesville, LLC ’s blown out fracked gas wells in northwestern Louisiana. The blowout occurred on August 30, shortly after the company began a frack job, igniting two adjacent wells.

Is fracking the key to getting the most from geothermal energy?

Hydrogen Fuel News

MARCH 11, 2024

For instance, a number of newly formed businesses have started employing horizontal drilling and hydraulic fracturing (fracking) to access the heat under the earth’s surface that can provide clean renewable power. Fracking is the tech best recognized for its use in the US for shale extraction. Is the controversy the same?

Hydrogen

Hydrogen Energy Energy Startups

As Fracking Companies Face Bankruptcy, US Regulators Enable Firms to Duck Cleanup Costs

DeSmogBlog

DECEMBER 20, 2019

shale oil and gas firms are now moving from a boom in fracking to a boom in bankruptcies. Tags: oil and gas cleanup well bonding EP Energy Eagle Ford Shale fracking finances bankruptcies Independent Petroleum Association of America Read time: 9 mins In over their heads with debt, U.S.

Energy

Energy Energy

EU Plans to Measure True Climate Impacts of LNG Imports From US Fracked Gas

DeSmogBlog

FEBRUARY 12, 2020

Read time: 5 mins With growing evidence that the climate impacts of natural gas are comparable to coal, the European Commission is planning to study ways to reduce methane emissions across the life cycle of natural gas production and consumption, with potential implications for fracked gas producers in the U.S.

Natural gas

Natural gas Methane

Trump Pledges to 'Save Your Fracking' and Biden Says No Ban — But Most Pennsylvania Voters Oppose Fracking

DeSmogBlog

OCTOBER 26, 2020

Only by voting for me,” Trump added, “can you save your fracking in Pennsylvania.”. If Trump had made those comments in 2014, “saving” fracking might have been a popular position, polls from the time suggest. Tags: Donald Trump Vice President Joe Biden fracking pennsylvania COVID-19

Natural gas

Natural gas Energy Energy

COVID-19 Fears Intensified for New Mexico Family Living in Fracking Industry’s Shadow

DeSmogBlog

APRIL 6, 2020

Tags: COVID-19 New Mexico Permian Basin fracking industry fracking health impacts coronavirus They have wondered what effect the industrial pollution might have on them and their son and daughter — even more so now with the COVID -19 pandemic — but with no money to pick up and relocate, they have remained in their home. .

Health

Health Pollution

Exxon May Crush Bailout Hopes for Suffering Fracking Companies

DeSmogBlog

MARCH 27, 2020

Those officials — billionaire shale CEO Harold Hamm was likely among them — seemed desperate for government assistance because, as DeSmog has documented , their deeply indebted businesses have lost billions of dollars during the fracking boom. But that's not the same message across the entire oil and gas industry.

Government

Report Attacks Industry Campaign to Fix Natural Gas’s Climate PR Problem

DeSmogBlog

FEBRUARY 9, 2020

Read time: 10 mins A new report from advocacy group Food and Water Watch argues that fracking and continued reliance on natural gas is detrimental to addressing climate change. Tags: American Petroleum Institute American Gas Association Natural Gas Bridge Fuel green new deal Alexandria Ocasio-Cortez

Natural gas

Natural gas Fossil fuels Climate change

Trump Admin Looks to Use Federal COVID Relief Funds to Prop up Oil and Gas Industry

DeSmogBlog

APRIL 22, 2020

Tags: Independent Petroleum Association of America coronavirus Secretary of Energy Jim Cramer CIEL Stop the Money Pipeline COVID-19 Donald Trump fracking finances oil bailout

Energy

Energy Energy

Trump’s Golden Era of Energy Is Turning to Lead

DeSmogBlog

JULY 25, 2020

At least, for the fracking executives who have enriched themselves while losing hundreds of billions of dollars investors gave them to produce oil and gas. Tags: fracking LNG coal Donald Trump Harold Hamm ” And there is no doubt that it has been quite a party for the last decade. Meanwhile, profits never materialized.

Fossil fuels

Fossil fuels Energy Energy Policy

Public Ownership of Fossil Fuels a Potential Solution to Multiple Crises, Says New Report

DeSmogBlog

APRIL 17, 2020

Tags: COVID-19 oil bailout fracking finances Read time: 6 mins At a time of overlapping crises, putting fossil fuel assets into public ownership offers a way to slash carbon emissions and pave the way for a just transition for oil and gas workers who find themselves without a job, according to a new report.

Fossil fuels

Fossil fuels Carbon

A Faltering Fracking Industry, on the Verge of a Bailout, Mixes Patriotism and Oil in the Permian

DeSmogBlog

MARCH 17, 2020

Tags: fracking finances Permian Basin Patriotism Trump Administration coronavirus There, the messages on billboards, trucks, and the sides of rest stops suggest that supporting the industry that’s one of the largest contributors to the climate crisis is a matter of American pride. .

Natural gas

Oil Industry’s Shift to Plastics in Question as Report Warns $400 Billion in Stranded Assets Possible

DeSmogBlog

SEPTEMBER 14, 2020

Tags: fracking plastic Fracking Plastics The atoll is exceedingly difficult to visit, not only because it’s so remote, but also because new arrivals must contend with a $225 per-visitor daily environmental impact fee — as well as piracy in the region.

Plastics

Plastics Waste Waste

Fire at Oil and Gas Waste Site Raises Safety Concerns Around Possible Radioactive Accidents

DeSmogBlog

FEBRUARY 18, 2021

Read time: 12 mins On the evening of February 1, a fire erupted at a West Virginia facility that processes radioactive oilfield waste generated from nearby fracking operations, injuring two workers. Tags: Petta Enterprises West Virginia Department of Environmental Protection oil and gas waste radioactive fracking waste

Waste

Waste Waste Transportation

Energy Analysts Deliver More Bad News for US Fracking Industry's Business Model

DeSmogBlog

DECEMBER 17, 2019

Tags: fracking frack finances child wells Permian Basin Aubrey McClendon Wood Mackenzie Chesapeake Energy (NYSE:CHK) David Hughes Over the years of us doing this, as analysts, we’ve learned that you really have to do it well by well,” Shattuck explained of analyzing well performance. You cannot take anything for granted.”.

Energy

Energy Energy

After a Decade of Fracking, Billions of Dollars Lost and a Climate in Crisis

DeSmogBlog

JANUARY 21, 2020

The year 2020 arrived amid tens of billions of dollars in new fiscal write-downs and losses for oil drillers and fracking firms. Tags: fracking extreme weather fracking finances climate impacts natural gas drilling

Natural gas

Natural gas Fossil fuels Climate change Carbon

Bankers and Investors Finding Fracking Industry's Underlying Models Prove Overly Optimistic

DeSmogBlog

JULY 17, 2020

The fracking industry doesn’t care that you’re a world-famous investment sage: It destroys all capital. . Tags: reserves based lending fracking finance Bankruptcy Warren Buffett Harold Hamm Occidental Petroleum Alta Mesa They cited the billions that Buffett invested in the deal as compounding this risk. .

Investment

'The Fossil Fuel Industry Is Terrified': Gas Company Sues to Destroy Small Town's Rights of Nature Law

DeSmogBlog

DECEMBER 16, 2020

Tags: fracking pennsylvania rights of nature Pennsylvania Department of Environmental Protection Pennsylvania General Energy Company

Fossil fuels

Fossil fuels Law Energy Energy

The Hunt for Fugitive Emissions in the Permian’s Oilfields

DeSmogBlog

JANUARY 30, 2020

Read time: 10 mins Meaningful regulation of the fracking, industry is a non sequitur to Sharon Wilson, organizer for Earthworks’ Oil & Gas Accountability Project. Tags: Sharon Wilson Permian Basin methane fracking Earthworks TExas Commission on Environmental Quality

Methane

Methane Global warming Organic

How an Application for Propane Fracking Attempts to Circumvent New York’s Fracking Ban

DeSmogBlog

AUGUST 22, 2019

Read time: 6 mins Four years after New York announced the state was banning hydraulic fracturing (fracking) , Tioga Energy Partners, LLC has filed an application with the state to frack for natural gas, but there's a catch. The company is proposing to swap propane into the industry standard mix that usually calls for water.

Fossil fuels

Fossil fuels Natural gas Energy Energy

Bleak Financial Outlook for US Fracking Industry

DeSmogBlog

AUGUST 8, 2019

Read time: 5 mins In early 2018 when major financial publications like the Wall Street Journal were predicting a bright and profitable future for the fracking industry, DeSmog began a series detailing the failing business model of fracking shale deposits for oil and gas in America.

Chesapeake Energy’s Stock Falls Below $1 But Driller Plans to Spend Over $1 Billion on More Fracking

DeSmogBlog

NOVEMBER 6, 2019

Read time: 7 mins The company that for the past decade has been emblematic of the rise and pitfalls of shale drilling and fracking, Chesapeake Energy, saw its stock price collapse today, plunging by 29.15 Tags: Chesapeake Energy (NYSE:CHK) fracking fracking finances percent in a single day.

Energy

Energy Energy

Oil Industry Inflates Job Impact From Biden’s New Pause on Drilling on Federal Lands

DeSmogBlog

JANUARY 27, 2021

On the campaign trail, then-candidate Joe Biden proposed a ban on new leases on public lands, a pledge the Trump campaign falsely claimed would “end fracking.” Tags: Biden administration American Petroleum Institute us chamber of commerce New Mexico Oil and Gas Association The executive order begins that process.

Organic

Peak Permian Oil Production May Arrive Much Sooner Than Expected

DeSmogBlog

FEBRUARY 3, 2020

Tags: Peak Permian fracking finances Permian Basin Shale fracking However, evidence is piling up that the U.S. shale industry may indeed be close to peaking as it runs out of the two things required to continue increasing oil production: money and what's known as “tier one acreage.”

Sustainability

Sustainability Energy Energy

Report: ‘No Evidence That Fracking Can Operate Without Threatening Public Health’

DeSmogBlog

AUGUST 5, 2019

More than 1,500 scientific studies on the health and climate impacts of fracking prove its dangerous effect on communities, wildlife and nature. Tags: Physicians for Social Responsibility fracking Dr. Sandra Steingraber public health Read time: 7 mins By Tara Lohan , The Revelator. Originally posted on The Revelator.

Health

For Decades, the Oil and Gas Industry Got Taxpayer Help from the Fracking Production Tax Credit

DeSmogBlog

JUNE 16, 2020

fracking boom took off, shale drillers had access for over two decades to a particular tax incentive that experts say played a key role in setting the stage for the so-called shale revolution. Tags: production tax credit Independent Petroleum Association of America Breakthrough Institute Read time: 6 mins Before the U.S.

The Future of Exxon and the Permian’s Flaring Crisis

DeSmogBlog

MARCH 11, 2020

Tags: ExxonMobil (NYSE: XOM) Darren Woods XTO Energy Permian Basin fracking finances flaring Battered by a volatile oil market and increasing scrutiny over the climate crisis, investors wanted answers on how Exxon planned on dealing with the shifting landscape.

Energy

Energy Energy

Delayed Senate Energy Bill Promotes LNG Exports, 'Clean Coal' and Geoengineering

DeSmogBlog

MARCH 11, 2020

Read time: 7 mins The huge bipartisan energy bill currently stalled in the Senate would fast-track exports of fracked gas , offer over a billion dollars in subsidies to “clean coal” efforts and make available hundreds of millions in tax dollars for a geoengineering pilot project.

Natural gas

Natural gas Energy Energy Carbon

The Fracking Industry's Methane Problem Is a Climate Problem

DeSmogBlog

DECEMBER 22, 2019

Robert Howarth, a biogeochemist at Cornell University , recently presented his latest research linking the increase in methane to fossil fuel production, with fracking for natural gas, which is mostly methane, likely a major source. . Tags: methane fracking venting emissions Dr. Robert Howarth American Petroleum Institute

Methane

Methane Global warming Fossil fuels Natural gas

New NAFTA Trade Deal Deepens Oil and Gas Dependency During Climate Crisis

DeSmogBlog

JUNE 30, 2020

companies to export even more fracked natural gas across the border into Mexico. Tags: NAFTA USMCA Trump Administration Andrés Manuel López Obrador oil and gas industry Mexico Energy Reforms

Fossil fuels

Fossil fuels Natural gas Energy Energy

Will Pandemic Relief Become a Petroleum Industry Slush Fund?

DeSmogBlog

MARCH 30, 2020

Tags: American Petroleum Institute Strategic Petroleum Reserve Trump Administration COVID-19 oil bailout fracking finances OPEC

Washington State Considers Climate Impact of Major Petrochemical Plant With 'Pattern of Influence Peddling'

DeSmogBlog

JANUARY 12, 2021

The facility would process fracked natural gas into methanol, a liquid chemical that can be used as fuel or for manufacturing plastics, and ship the flammable product down the Columbia River for export to Asia. Tags: Kalama washington state Jay Inslee petrochemical development

Fossil fuels

Fossil fuels Natural gas Asia Plastics

How The Fracking Revolution Is Killing the U.S. Oil and Gas Industry

The Bakken Boom Goes Bust With No Money to Clean up the Mess

Trending Sources

Analysis: Some Fracking Companies Are Admitting Shale Was a Bad Bet — Others Are Not

This Problem With Fracked Oil and Gas Wells Is Occurring 'at an Alarming Rate'

Big Banks Pull Financing, Prepare To Seize Assets From Collapsing Oil and Gas Industry

Is the U.S. Fracking Boom Based on Fraud?

Argentina’s Illegal Oil and Gas Waste Dumps Show ‘Dark Side’ of Vaca Muerta Drilling, Says Criminal Complaint

Fracked Gas Well Blowout in Louisiana Likely to Burn for the Next Month

Will the Fracking Revolution Peak Before Ever Making Money?

To Many's Dismay, Permian Produces More Gas and Condensate Instead of Oil and Profits

How U.S. Crude Oil Exports Are Hastening the Demise of the Oil Industry

How One Utah Community Fought the Fracking Industry — and Won

Already Burning for a Month, Fracked Gas Blowout in Louisiana Could Last Two More Months

Is fracking the key to getting the most from geothermal energy?

As Fracking Companies Face Bankruptcy, US Regulators Enable Firms to Duck Cleanup Costs

EU Plans to Measure True Climate Impacts of LNG Imports From US Fracked Gas

Trump Pledges to 'Save Your Fracking' and Biden Says No Ban — But Most Pennsylvania Voters Oppose Fracking

COVID-19 Fears Intensified for New Mexico Family Living in Fracking Industry’s Shadow

Exxon May Crush Bailout Hopes for Suffering Fracking Companies

Report Attacks Industry Campaign to Fix Natural Gas’s Climate PR Problem

Trump Admin Looks to Use Federal COVID Relief Funds to Prop up Oil and Gas Industry

Trump’s Golden Era of Energy Is Turning to Lead

Public Ownership of Fossil Fuels a Potential Solution to Multiple Crises, Says New Report

A Faltering Fracking Industry, on the Verge of a Bailout, Mixes Patriotism and Oil in the Permian

Oil Industry’s Shift to Plastics in Question as Report Warns $400 Billion in Stranded Assets Possible

Fire at Oil and Gas Waste Site Raises Safety Concerns Around Possible Radioactive Accidents

Energy Analysts Deliver More Bad News for US Fracking Industry's Business Model

After a Decade of Fracking, Billions of Dollars Lost and a Climate in Crisis

Bankers and Investors Finding Fracking Industry's Underlying Models Prove Overly Optimistic

'The Fossil Fuel Industry Is Terrified': Gas Company Sues to Destroy Small Town's Rights of Nature Law

The Hunt for Fugitive Emissions in the Permian’s Oilfields

How an Application for Propane Fracking Attempts to Circumvent New York’s Fracking Ban

Bleak Financial Outlook for US Fracking Industry

Chesapeake Energy’s Stock Falls Below $1 But Driller Plans to Spend Over $1 Billion on More Fracking

Oil Industry Inflates Job Impact From Biden’s New Pause on Drilling on Federal Lands

Peak Permian Oil Production May Arrive Much Sooner Than Expected

Report: ‘No Evidence That Fracking Can Operate Without Threatening Public Health’

For Decades, the Oil and Gas Industry Got Taxpayer Help from the Fracking Production Tax Credit

The Future of Exxon and the Permian’s Flaring Crisis

Delayed Senate Energy Bill Promotes LNG Exports, 'Clean Coal' and Geoengineering

The Fracking Industry's Methane Problem Is a Climate Problem

New NAFTA Trade Deal Deepens Oil and Gas Dependency During Climate Crisis

Will Pandemic Relief Become a Petroleum Industry Slush Fund?

Washington State Considers Climate Impact of Major Petrochemical Plant With 'Pattern of Influence Peddling'

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