Showing posts with label chesapeake. Show all posts
Showing posts with label chesapeake. Show all posts

Sunday, November 16, 2008

Chesapeake won't reveal "fracing" forumla

By John Sutter

To get natural gas out of the ground, natural gas companies like Oklahoma City's Chesapeake Energy inject millions of gallons of water, sand and chemicals deep into the earth. This process, called hydraulic fracturing, or "fracing," dislodges natural gas so that the company can extract it and sell it to heat homes and make electricity.

The problem is that most natural gas companies won't say what they're injecting into the ground. An investigation by ProPublica, a non-profit journalism group, found that many of the chemicals used in fracing could contaminate groundwater. The federal government lists many as toxic, and in some instances the chemicals make the gas wells explosive. The EPA wrote a 2004 study saying the process is safe. But new criticisms of fracing are coming to the surface.

In its story, which you can read here, ProPublica finds that many natural gas companies won't reveal their recipes for these chemical and water injections. In most states, regulations don't require them to. Here's an excerpt from the story that concerns Chesapeake Energy's recipe:

"It is like Coke protecting its syrup formula for many of these service companies," said Scott Rotruck, vice president of corporate development at Chesapeake Energy, the nation’s largest gas driller, which has been asked by New York State regulators to disclose the chemicals it uses.

The issue is becoming more important as natural gas is talked about as a solution to the country's energy needs. Natural gas is cleaner burning than coal, which is the United States' most abundant energy source. It's also second in availability. But it appears that its extraction may come with environmental costs you don't hear talked about quiiiite as much as the Pickens Plan.

Tuesday, October 21, 2008

Videos: rumored Chesapeake buyout; green energy editorial

By John Sutter

The Oklahoman has a couple of videos up today on the energy sector. In the first, the paper reports on a rumor that one of Oklahoma City's huge natural gas companies -- Chesapeake Energy -- will soon be bought out by investors. One of the company's officials reportedly denied a possible takeover. Chesapeake's stocks have been plummeting in tandem with natural gas prices. For a little background, Oklahoma is one of the top natural gas producers in the country, but only about a third of the gas produced here is actually used in-state.

Here's the video:



Here's another, an editorial in which Ed Kelley ponders the effect the national credit crunch will have on Oklahoma's alternative fuels industry. Wind power needs to be a priority in Oklahoma, he says, adding that the state could be the second or third biggest producer of wind power in the country within a decade if things go well. Still, for a little perspective, only 7 percent of energy used in the United States comes from renewable sources. And of that renewable piece of the pie, only 5 percent is wind power.

Oklahoma is one of the country's top energy users per capita. It ranks 11th for per person energy consumption, according to the Energy Information Administration, which is an independent branch of the U.S. Department of Energy. I'd be interested to hear any energy-saving tips you all might have.

Check out the editorial video below, and let me know what you think. I find it interesting that the editorial doesn't mention climate change, which, aside from the economic possibilities of green power and pollution issues associated with fossil fuels, is the big reason scientists and activists promote alternatives.