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Developing Unconventional Gas
Developing Unconventional Gas or DUG is a series of annual regional conferences of the Unconventional oil industry. Several notable key note speakers have visited DUG conferences including Leon Panetta at Pittsburgh's in 2014, T. Boone Pickens in 2011 and George W. Bush in 2013. Annual Conferences include: *DUG East - held annually at the David L. Lawrence Convention Center in Pittsburgh. *DUG Australia - held annually in Brisbane, Australia. *DUG Eagle Ford - held annually in San Antonio, Texas. *DUG Midcontinent - held annually in Tulsa. *DUG Bakken and Niobrara - held annually in Denver. *DUG Permian - held annually in Fort Worth. *Executive Oil Conference - held annually in Midland, Texas. *Crude in Motion Conference - held annually in Houston. * Marcellus- Utica Midstream Conference - held annually in Pittsburgh Pittsburgh ( ) is a city in the Commonwealth (U.S. state), Commonwealth of Pennsylvania, United States, and the county seat of Allegheny County, Pennsylvania, ...
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Unconventional Oil
Unconventional oil is petroleum produced or extracted using techniques other than the conventional method (oil well). Industry and governments across the globe are investing in unconventional oil sources due to the increasing scarcity of conventional oil reserves. Unconventional oil and gas have already made a dent in international energy linkages by reducing US energy import dependency. Sources According to the International Energy Agency's (IEA) ''World Energy Outlook 2001'' unconventional oil included " oil shales, oil sands-based synthetic crudes and derivative products, ( heavy oil, Orimulsion®), coal-based liquid supplies, biomass-based liquid supplies, gas to liquid (GTL) - liquids arising from chemical processing of gas." In the IEA's ''World Energy Outlook 2011'' report, " conventional oil include extra-heavy oil, natural bitumen (oil sands), kerogen oil, liquids and gases arising from chemical processing of natural gas (GTL), coal-to-liquids (CTL) and additives." ...
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Denver
Denver () is a consolidated city and county, the capital, and most populous city of the U.S. state of Colorado. Its population was 715,522 at the 2020 census, a 19.22% increase since 2010. It is the 19th-most populous city in the United States and the fifth most populous state capital. It is the principal city of the Denver–Aurora–Lakewood, CO Metropolitan Statistical Area and the first city of the Front Range Urban Corridor. Denver is located in the Western United States, in the South Platte River Valley on the western edge of the High Plains just east of the Front Range of the Rocky Mountains. Its downtown district is immediately east of the confluence of Cherry Creek and the South Platte River, approximately east of the foothills of the Rocky Mountains. It is named after James W. Denver, a governor of the Kansas Territory. It is nicknamed the ''Mile High City'' because its official elevation is exactly one mile () above sea level. The 105th meridian we ...
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Petroleum Production
The petroleum industry, also known as the oil industry or the oil patch, includes the global processes of exploration, extraction, refining, transportation (often by oil tankers and pipelines), and marketing of petroleum products. The largest volume products of the industry are fuel oil and gasoline (petrol). Petroleum is also the raw material for many chemical products, including pharmaceuticals, solvents, fertilizers, pesticides, synthetic fragrances, and plastics. The industry is usually divided into three major components: upstream, midstream, and downstream. Upstream regards exploration and extraction of crude oil, midstream encompasses transportation and storage of crude, and downstream concerns refining crude oil into various end products. Petroleum is vital to many industries, and is necessary for the maintenance of industrial civilization in its current configuration, making it a critical concern for many nations. Oil accounts for a large percentage of the world’ ...
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Peak Oil
Peak oil is the hypothetical point in time when the maximum rate of global oil production is reached, after which it is argued that production will begin an irreversible decline. It is related to the distinct concept of oil depletion; while global petroleum reserves are finite, the limiting factor is not whether the oil exists but whether it can be extracted economically at a given price. A secular decline in oil extraction could be caused both by depletion of accessible reserves and by reductions in demand that reduce the price relative to the cost of extraction, as might be induced to reduce carbon emissions. Numerous predictions of the timing of peak oil have been made over the past century before being falsified by subsequent growth in the rate of petroleum extraction.David White, "The unmined supply of petroleum in the United States," ''Transactions of the Society of Automotive Engineers'', 1919, v.14, part 1, p.227.Daniel Yergin“There will be oil,”Wall Street Jou ...
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Utica Shale
The Utica Shale is a stratigraphical unit of Upper Ordovician age in the Appalachian Basin. It underlies much of the northeastern United States and adjacent parts of Canada. It takes the name from the city of Utica, New York, as it was first described as an outcrop along the Starch Factory Creek east of the city by Ebenezer Emmons in 1842. Lithology The Utica Shale is composed of calcareous, organic, and rich shale. Oil and gas The Utica shale is a major source of unconventional tight gas in Quebec, and is rapidly becoming so in Ohio. Quebec Drilling and producing from the Utica Shale began in 2006 in Quebec, focusing on an area south of the St. Lawrence River between Montreal and Quebec City. Interest has grown in the region since Denver-based Forest Oil Corp. announced a significant discovery there after testing two vertical wells. Forest Oil said its Quebec assets may hold as much as four trillion cubic feet of gas reserves, and that the Utica shale has similar rock prope ...
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Marcellus Formation
The Marcellus Formation or the Marcellus Shale is a Middle Devonian age unit of sedimentary rock found in eastern North America. Named for a distinctive outcrop near the village of Marcellus, New York, in the United States, it extends throughout much of the Appalachian Basin. The unit name usage by the U.S. Geological Survey (USGS) includes ''Marcellus Shale'' and ''Marcellus Formation''.See unit names marked by an asterisk aGeolex/ref> The term "Marcellus Shale" is the preferred name throughout most of the Appalachian region, although the term "Marcellus Formation" is also acceptable within the State of Pennsylvania. The unit was first described and named as the "Marcellus shales" by J. Hall in 1839. Description The Marcellus consists predominantly of black shale and a few limestone beds and concentrations of iron pyrite ( Fe S2) and siderite (Fe CO3). Like most shales, it tends to split easily along the bedding plane, a property known as fissility. Lighter colored ...
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Houston
Houston (; ) is the most populous city in Texas, the most populous city in the Southern United States, the fourth-most populous city in the United States, and the sixth-most populous city in North America, with a population of 2,304,580 in 2020. Located in Southeast Texas near Galveston Bay and the Gulf of Mexico, it is the seat and largest city of Harris County and the principal city of the Greater Houston metropolitan area, which is the fifth-most populous metropolitan statistical area in the United States and the second-most populous in Texas after Dallas–Fort Worth. Houston is the southeast anchor of the greater megaregion known as the Texas Triangle. Comprising a land area of , Houston is the ninth-most expansive city in the United States (including consolidated city-counties). It is the largest city in the United States by total area whose government is not consolidated with a county, parish, or borough. Though primarily in Harris County, small portions of the ...
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Midland, Texas
Midland is a city in and the county seat of Midland County, Texas, United States. A small part of Midland is in Martin County. At the 2020 census, Midland's population was 132,524. It is the principal city of the Midland, Texas metropolitan statistical area, which includes all of Midland County, the population of which grew 4.6% between July 1, 2011, and July 1, 2012, to 151,662, according to the U.S. Census Bureau. The metropolitan area is part of the larger Midland–Odessa combined statistical area, which had a population of 340,391 in the 2020 census. People in Midland are called Midlanders. Located in the Permian Basin in West Texas, Midland is a major center for oil and natural gas production. Midland was founded as the midway point between Fort Worth and El Paso on the Texas and Pacific Railroad in 1881. The city has many connections to the Bush family; It was the onetime home of former Presidents George H. W. Bush and George W. Bush and the hometown of former First L ...
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Fort Worth
Fort Worth is the fifth-largest city in the U.S. state of Texas and the 13th-largest city in the United States. It is the county seat of Tarrant County, covering nearly into four other counties: Denton, Johnson, Parker, and Wise. According to a 2022 United States census estimate, Fort Worth's population was 958,692. Fort Worth is the city in the Dallas–Fort Worth–Arlington metropolitan area, which is the fourth most populous metropolitan area in the United States. The city of Fort Worth was established in 1849 as an army outpost on a bluff overlooking the Trinity River. Fort Worth has historically been a center of the Texas Longhorn cattle trade. It still embraces its Western heritage and traditional architecture and design. is the first ship of the United States Navy named after the city. Nearby Dallas has held a population majority as long as records have been kept, yet Fort Worth has become one of the fastest-growing cities in the United States at the beginning ...
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Permian Basin (North America)
The Permian Basin is a large sedimentary basin in the southwestern part of the United States. The basin contains the Mid-Continent oil province, Mid-continent oil field province. This sedimentary basin is located in western Texas and southeastern New Mexico. It reaches from just south of Lubbock, Texas, Lubbock, past Midland, Texas, Midland and Odessa, Texas, Odessa, south nearly to the Rio Grande River in southern West Central Texas, and extending westward into the southeastern part of New Mexico. It is so named because it has one of the world's thickest deposits of Rock (geology), rocks from the Permian geologic period. The greater Permian Basin comprises several component basins; of these, the Midland Basin is the largest, Delaware Basin is the second largest, and Marfa, Texas, Marfa Basin is the smallest. The Permian Basin covers more than ,
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Niobrara Formation
The Niobrara Formation , also called the Niobrara Chalk, is a geologic formation in North America that was deposited between 87 and 82 million years ago during the Coniacian, Santonian, and Campanian stages of the Late Cretaceous. It is composed of two structural units, the Smoky Hill Chalk Member overlying the Fort Hays Limestone Member. The chalk formed from the accumulation of coccoliths from microorganisms living in what was once the Western Interior Seaway, an inland sea that divided the continent of North America during much of the Cretaceous. It underlies much of the Great Plains of the US and Canada. Evidence of vertebrate life is common throughout the formation and includes specimens of plesiosaurs, mosasaurs, and pterosaurs as well as several primitive aquatic birds. The type locality for the Niobrara Chalk is the Niobrara River in Knox County in northeastern Nebraska. The formation gives its name to the Niobrara cycle of the Western Interior Seaway. History of ...
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Leon Panetta
Leon Edward Panetta (born June 28, 1938) is an American Democratic Party politician who has served in several different public office positions, including Secretary of Defense, CIA Director, White House Chief of Staff, Director of the Office of Management and Budget, and as a U.S. Representative from California. Panetta was a member of the United States House of Representatives from 1977 to 1993. He served under President Bill Clinton as Director of the Office of Management and Budget from 1993 to 1994 and as White House Chief of Staff from 1994 to 1997. He co-founded the Panetta Institute for Public Policy in 1997 and served as a Distinguished Scholar to Chancellor Charles B. Reed of the California State University System and as a professor of public policy at Santa Clara University. In January 2009, newly elected President Barack Obama nominated Panetta for the post of Director of the Central Intelligence Agency. Panetta was confirmed by the Senate in February 2009. As dir ...
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