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Week Ending 27th April 2014

Brace Yourself for the Shale Oil Invasion

4000 holes in Blackpool Lancashire - the pollution prospects in PEDL165

UK news highlights

Contrary to my prediction, the BGS/DECC report on the Weald and Wessex shale basins will not now appear, even though reports suggest it is complete. Why? Because the government, in an act of pure cowardice, has put the lid on the report until after the May elections. The report is trailed to predict a huge shale oil shale rush by frackers in the Tory south-east. From Kent to Hampshire and Dorset, voters will realise they are to be seriously fracked, if Cameron and Osborne get their way.

The Winter Gardens in Blackpool was the scene of much activity on Thursday, as activists from all over the country voiced their disbelief at the spurious promises of jobs at the "supply chain" conference. At the conference was released a new report from the operators group UKOOG. It claims that only 4,000 wells dug over 18 years will generate 64,000 jobs. It sounds incredible, and is exactly that. The new report is based on the now widely from 2013, and the government's own report later came up with an estimate for jobs created a fraction of the IoD's. The report from EY for UKOOG produced some incredible media claims.

What a waste! According to the report, the shale gas industry needs 33 BILLION of investment. What that amount of money could do for clean energy!

The tired old figures from the IoD hide one thing. A mere 4,000 wells will only produce (according to US experience estimates) about 1.1 billion cu ft each over their lifetime, of say twenty years. That's a total of 4.4 trillion cubic feet. In twenty years! Britain's current gas usage is over 3 trillion per year, around 3.1 tcf. Even at the misleading IoD report figure of 3 bcf per well the fracking ambition is pathetic. A few years of supply at most. This is clearly an attempt by a single company - Cuadrilla - to get in fast and make a quick killing before the s*** hits the fan when everybody else realises shale gas poweering Britain is just a dream.

The government continues using every trick in the book to push fracking - fixing the law, now conning G7 into believing the UK gives a damn about Europe.

Ed Davey throws a few crumbs - £2 million - at the frackers to help them make fracking safer. Hang on. Aren't we being told all the time that fracking is already safe?

In January Egdon were boasting about their interest in PEDLs 139 and 140 and there being 1.76 trillion cu ft there. They calculated they could get .19 tcf out (wow - that's enough to supply UK gas for about three weeks!)

Obviously this didn't cause too much excitement, except for a buy-in from Total. So now Egdon have an "independent" report come up with a new figure of 18 trillion gas in place in their patches. Let's be generous - 10% of that could almost meet UK gas demand for - wow - say seven months.A more achievable 5% for maybe 14 weeks.

Shares shot up 13% on the news - but are the buyers being conned? Are they aware Egdon only has a small percentage interest in the licences?

Egdon bought media hype though. "Huge shale gas find confirmed in Britain" ran the Business World headline.

The bad news was "Egdon Resources, listed on Britain's Alternative Investment Market (AIM), warned however that it had not assessed the risks of extracting the gas, which meant there was no certainty extraction would be commercially viable."



Outside the UK

Even the Mail couldn't resist printing the story of the US family who have just won $3 million in compensation for fracking-related illness and livestock deformities. This is claimed as the first US case which was won before a jury.

Channel 4 wakes up to the North Dakota flaring scandal.

Indian fracking delayed.

And of course the story from the US continues with an increasing trickle of stories showing how states are getting more and more worried about fracking, accidents and instances of industry misbehaviour are continuing to crop up. And how the shale boom may have bust.


Any opinions here not quotes from the week's news reports are my own.
Alan Tootill

News As It Came In with links to original stories

Minister’s visit set to spark fracking protest

Shale gas trucks crash in Pennsylvania

Brighton Pavilion MP slams fracking and says protests like Balcombe will continue

Anti-fracking protesters expected after Cuadrilla submits new application to drill in Balcombe

Fracking in East Yorkshire? Trespass law change could encourage shale gas firms

Fracking activists set up protest camp

Shale to boost jobs across the supply chain

How North Dakota's fracking frenzy is wasting natural gas

Oilex may take almost two months to begin fracking Indian well

Fracking - the clean fight against dirty fuels

Ministers want to change trespass law to boost fracking

UK Pushing G7 for Shale Gas and Nuclear Focus to Loosen Russia Energy Grip

Former Mobil Oil exec urges brakes on gas fracking

Fracking expert Mark Zoback: We need good science, good engineering, good regulations and good enforcement

IGas shares soar as government plans to free up rules on fracking

Next disruptive shale technology will improve recoveries: Schlumberger fellow

Updated: BREAKING: Jury awards $3 million in first fracking case

New fracking law sparks anger

Family awarded $3MILLION after court finds fracking next to their land DID make them sick as they reveal rashes, nausea and nosebleeds they say were caused by chemical exposure

Ministers urged to prepare for huge fracking expansion despite protests

Fracking could generate £33bn and 64,000 jobs for UK

Businesses told to get ready for shale

Shale gas revolution set to provide over a third of the UK’s energy needs - AS IF!

Fracking tests to take place in Glazebury

UK Shale Gas Industry Needs £33bn Investment to Get Fracking

Lincoln County Gas Well Explosion – 3 Mile Evacuation Zone

Fracking 'an opportunity for north west' - energy minister

Texas oil company used acid in Florida wildlife sanctuary soil, denies fracking

Fracking Waste Too Risky For Connecticut

£2m for ‘safe’ shale gas production ideas

Is shale an oil and gas "revolution" or a "retirement party"?

Huge shale gas find confirmed in Britain

Egdon Resources estimates high shale gas content in UK licences

Egdon Resources shares surge as unveils resource estimate upgrade

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