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Chesapeake Energy Corp CHK

Chesapeake Energy Corporation (Chesapeake) is a natural gas and oil exploration and production company. The Company is engaged in the acquisition, exploration, and development of properties to produce oil, natural gas, and natural gas liquids (NGLs) from underground reservoirs. It owns a diverse portfolio of onshore United States unconventional natural gas and liquids assets, including interests in approximately 5,000 gross oil and natural gas wells. Its natural gas resource plays are Marcellus Shale in the northern Appalachian Basin in Pennsylvania (Marcellus) and the Haynesville/Bossier Shales in northwestern Louisiana (Haynesville). The Company’s marketing operations include oil, natural gas and NGL marketing services, that consists of commodity price structuring, negotiating of gathering, hauling, processing and transportation services, and contract administration and nomination services for Chesapeake and other interest owners in Chesapeake-operated wells.


NDAQ:CHK - Post by User

Bullboard Posts
Post by bc4uon Feb 23, 2013 8:41pm
525 Views
Post# 21034055

Ohio Utica Shale

Ohio Utica Shale

Ohio Utica Shale
 

EPA Inspector General questions air data from drilling

By Bob DowningPublished: February 23, 2013

 From the Associated Press:
 
Limited data and unreliable estimates on air pollution from oil and natural gas production is hindering the Environmental Protection Agency's efforts to police the drilling boom, the agency's internal watchdog said in a report released Thursday.
 
Inspector General Arthur Elkins Jr. said the EPA has failed to directly measure emissions from some pieces of equipment and processes, and some estimates it does have are of "questionable quality."
 
"With limited data, human health risks are uncertain, states may design incorrect or ineffective emission control strategies, and EPA's decisions about regulating industry may be misinformed," Elkins said.
 
The EPA, under President Barack Obama, has stepped up regulation of natural gas drilling, which has been booming thanks to hydraulic fracturing, or fracking. About 25,000 wells a year are being fracked, a process in which water, chemicals and sand are injected at high pressure underground to release trapped natural gas.
 
Obama also wants to expand natural gas production, as long as it doesn't damage the environment.
 
Oil and gas production, from the well site to processing plants to storage tanks and transmission lines, releases toxic and cancer-causing air pollutants, smog-forming gases and methane, a potent greenhouse gas blamed for global warming.
 
The oil and gas industry has said the EPA has overestimated emissions of methane and argued that they already were working to reduce pollution, without the agency's intervention.
 

The EPA last year issued the first-ever standards to control smog- and soot-forming gases from gas wells site, and updated existing rules to reduce cancer-causing pollution, such as benzene, from other equipment.
 
The agency, in response to the report, agreed to develop a comprehensive strategy to improve its pollution figures.
 
An industry association, America's Natural Gas Alliance, had not seen the report and had no comment late Thursday.
 
___
 
Online:
 
Inspector general's report: https://1.usa.gov/XPdsCr


https://www.ohio.com/blogs/drilling/ohio-utica-shale-1.291290/epa-inspector-general-questions-air-data-from-drilling-1.375722

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