Natural Gas Production Essay

Submitted By shilohhalo
Words: 1921
Pages: 8
Open Document
FRACKING: GOOD THING
Natural gas is rapidly emerging as a major fuel of the world economy, meeting the rising requirements of natural gas is hard to achieve. Fracking is one of the most important technologies for natural gas production. Fracking has been used widely in oil and gas industry for decades; it is a technique used to get gas and oil from shale rock. The process of fracking is injecting the mixture of water, sand and chemicals into the rock at a high pressure to release gas (BBC, 2013). Fracking technology experiences long time of development. In 1947, Stanolind Oil conducted the first experimental fracturing to stimulate natural gas; in 1949 Halliburton conducted the first commercial fracturing to extract natural gas (Montgomery and Smith, 2010). Until 2003 fracking was used widely, energy companies actively expand natural gas exploration in Texas and Pennsylvania (Eecworld, 2010). fracking played an important role in America's natural gas resources for many years and countries such as Canada, England and China are actively pursuing implementation of fracking. Nationally, fracking can boost energy industry and promote economic grow in countries. However, like any advanced technology, it can also raise environmental concerns, cause water and air pollution. Therefore, whether the advantages of fracking worth the disadvantages? Yes, it worth. fracking is good, so it should be used on a massive scale to contribute to the increasing demands of energy.
There are three economy advantages of fracking. Firstly, fracking can increase natural gas production. With enough supply of natural gas can meet countries’ domestic demand for natural gas at current high levels consumption of natural gas for more than decades. Nowadays, countries such as America, Russia and Qatar are using fracking as a way to enhance natural gas production to meet the demand of natural gas and fracking makes the exploitation of high amounts of natural gas become true (Economides and Martin, 2008). Especially for US, fracking makes US become the world’s first in shale gas production and shale gas accounted for 39% of all natural gas in US in 2012 (Koch, 2013). And in 2035, shale gas production would increase to 50% of total natural gas production in US (Sergie, 2013). Shale is big proportion of natural gas, so fracking can be used widely in extracting natural gas. Moreover, fracking has contributed to the US energy production. In 2007, natural gas from fracking accounted for 10% of total US energy production, with the increasing amount of fracking activities, it rose to 30% in 2010 (Mcelroy, 2013). The increasing amount of natural gas can significantly help reduce the net import of natural gas. In 2005, the natural gas imports is 30% of total energy consumption in US; in 2012, it decreased to 12% and the predict in 2040 is only 4% (Eia, 2013). So the increased natural gas extraction can positively impact energy trade balance in US.
Secondly, fracking can increase employment for countries. The increasing amount of fracking activities can boom jobs and increase the number of people employed directly in production activities. In 2010, fracking supported more than 600,000 jobs in US, and the number will be likely increasing to 870,000 in 2015 (Hassett and Mathur, 2013). Moreover, natural gas extraction in the Marcellus shale region contributed 44,000 jobs to the economy in 2012 (Hassett and Mathur, 2013). Furthermore, by 2025, fracking can create 515,000 manufacturing jobs in US and average US household disposal income can more than $ 2,700 (Thomasnet, 2013). In UK, fracking needs to be done to create jobs to ensure exploration companies to seize the energy market (Reuters, 2013). In Britain, fracking supports one third of jobs in kinds of area and shale gas industry create more than 74,000 jobs (Chorley, 2013). Also in Canada New Brunswick area, fracking plays a great role in creating jobs that one well can create more than 20 jobs each year (Vincent, 2013).
Show More

Related Documents: Natural Gas Production Essay

Essay On Natural Gas

From Reservoir to Burner Tip A Primer on Natural Gas N atural gas is a combustible, gaseous mixture of simple hydrocarbon compounds, usually found in deep underground reservoirs of porous and permeable rocks. Natural gas is a fossil fuel composed largely of methane. A molecule of methane, the simplest and lightest hydrocarbon, consists of one carbon atom surrounded by four hydrogen atoms. Natural gas also contains lesser amounts of “higher” hydrocarbon gases, that is, those of greater…

Words 4912 - Pages 20

Peak Oil Essays

mankind meet its energy needs? Peak oil is the point in time when the maximum rate of global petroleum extraction is reached, after which the rate of production enters terminal decline. The concept is based on the observed production rates of individual oil wells, and the combined production rate of a field of related oil wells. The aggregate production rate from an oil field over time usually grows exponentially until the rate peaks and then declines—sometimes rapidly—until the field is depleted. This…

Words 988 - Pages 4

What led to shale gas boom? Essay

Date Issue Brief # ISSUE BRIEF US Shale Gas Development What Led to the Boom? Zhongmin Wang and Alan Krupnick May 2013 Issue Brief 13-04 Resources for the Future Resources for the Future is an independent, nonpartisan think tank that, through its social science research, enables policymakers and stakeholders to make better, more informed decisions about energy, environmental, and natural resource issues. Located in Washington, DC, its research scope comprises programs in…

Words 6271 - Pages 26

The Pros And Cons Of Fracking

Fracking is when you are drilling down into the earth before a high-pressure water blend is aimed at the rock to release the gas inside. Water, sand and chemicals are infused into the rock at high pressure which allows the gas to stream out to the head of the well. The procedure is most commonly done by drilling the stone layer which can make new pathways to release gas but it can also be used to develop existing channels. The term fracking shows how the rock is fractured apart by the high pressure…

Words 1389 - Pages 6

Shale gas in the us Essay

Background of the shale gas revolution in the United States. ! From a macro viewpoint, the shale energy revolution is a fairly recent phenomenon in the history of energy production in the United States. It fuels a significant proportion of the rise in extraction of unconventional resources. Part of this is due to the proportional decrease in easily accessible conventional resources around the globe, as well as the overall growth of energy consumption domestically and globally. A few key…

Words 2493 - Pages 10

Essay on SWOT Analysis: Splunk

Insider selling -- PetroChina, like other majors, has undertaken an expansive capital expenditure program during the last decade, and they appear positioned to continue growing their spending in the next four years. Despite high spending, production is relatively flat, with no discoveries in many years. This is because PetroChina’s fields are old (1950’s) and mature, with difficulty of extracting oil increasing in recent years, and likely to increase gradually in the future. Return measuresfor…

Words 547 - Pages 3

Mr Sal Essay

Business Summary The Williams Companies, Inc. is an energy company based in Tulsa, Oklahoma. Its core business is natural gas exploration, production, processing, and transportation, with additional petroleum and electricity generation assets. Williams operates as an energy infrastructure company, in gas marketing and the gathering, storing, and the processing of natural gas and natural gas liquids (NGLs). Other things that the company operates are refineries, ethanol plants, and terminals. Williams…

Words 416 - Pages 2

Energy notes Essay

Geography Homework OIL 32.6% of worlds primary energy use comes from oil, coal 22.2% and gas 21.1%. Oil is widely spread throughout the world, but isn’t worth accessing unless it there is enough of it, this is known as the proved reserve and can be used to work out the lifetime of a resource, using this formula: Proved reserves (t)/Rate of production (t/yr). At present, the calculated lifetime of oil is 40 years. Calculating the lifetime is problematic because measuring the amount…

Words 1019 - Pages 5

Fracking Research Paper

This is disastrous as it may lead to loss of lives and destruction of buildings. Water contamination cannot be avoided because of fracking. Benefits Since the advent of fracking, gas prices have lowered comparatively because of the competitive nature of the natural gas. One of the benefits associated with natural gas is that it produces less carbon…

Words 1239 - Pages 5

Offshore Drilling

37% of global production. Presently 28% of global gas production takes place offshore and this is increasing.(offshore natural gas and oil production was restricted to shallow waters such as the North sea or coastal areas around the US.(world ocean review.com). Since many older deposits have become exhausted, companies have increasingly moved into deeper waters. Separate depth categories are defined as: shallow water production water depth of less than 400 meters, deep-water production at depths up…

Words 552 - Pages 3