Nearly 40 years ago, when the first oil price shock from the Middle East and OPEC disrupted the American economy, North Carolina and Appalachia briefly became an oil and gas frontier. Following geological investigations, Chevron drilled an exploratory well in the Deep River Basin beneath Lee County, N.C. Oil was discovered at 5,000 feet, but it contained excessive paraffin and Chevron plugged the well.
It remains there today as a new natural gas and oil technology has emerged: the…Continue
Added by Fine Helen on March 27, 2012 at 4:07pm — No Comments
SOCORRO, N.M. January 10, 2012 – As oil companies deploy hundreds of wells in northeast Pennsylvania to tap into the lucrative “shale gas” deposits, many are weighing the environmental impacts, the economic outlook and the regulatory climate related to the latest bonanza in domestic natural gas production.
Now, the New Mexico Center for Energy Policy – a research wing of New Mexico Tech – is taking the lead in framing the debate on these hot-button issues. The Center and the Economic…Continue
Added by Fine Helen on January 10, 2012 at 4:39pm — No Comments