Geographic Dispersion of Economic Shocks: Evidence from the Fracking Revolution: Reply

2020 ◽  
Vol 110 (6) ◽  
pp. 1914-1920 ◽  
Author(s):  
James Feyrer ◽  
Erin Mansur ◽  
Bruce Sacerdote
Keyword(s):  
Energy Production ◽  
Oil And Gas ◽  
Estimation Method ◽  
The United States ◽  
Gas Production ◽  
New Production ◽  
Oil And Gas Production ◽  
Income Per Capita ◽  
Per Capita ◽  
The Impact

Measuring the geographic spillovers from an economic shock remains a challenging econometric problem. In Feyrer, Mansur, and Sacerdote (2017) we study the propagation of positive shocks from the recent boom in oil and gas production in the United States. We regress changes in income per capita on new energy production per capita within increasingly larger geographic circles. James and Smith (2020) proposes instead a single regression of county income per capita on energy production from successively larger donuts around the county. This method controls for production outside of the circle of interest and is likely the appropriate estimation method for estimating the impact of within-county production. Their results suggest that FMS overestimates the impact of new production. We show that we can incorporate similar controls using our basic estimation method and that (unlike James and Smith) these controls do not significantly change our results. To explore these differences, we perform simulation exercises which show that the James-Smith estimation method is biased downward with the heterogeneous population distributions across counties that we observe in the data. (JEL E24, E32, J31, Q35, Q43, R11, R23)

scholarly journals Revised Estimation Method for Emissions from Automated Plunger Lift Liquid Unloadings

Environments ◽  
2020 ◽  
Vol 7 (4) ◽  
pp. 25
Author(s):  
Adam Pacsi ◽  
David W. Sullivan ◽  
David T. Allen
Keyword(s):  
Direct Measurement ◽  
Oil And Gas ◽  
Measurement Data ◽  
Estimation Method ◽  
The United States ◽  
Gas Production ◽  
Small Subset ◽  
Emission Estimate ◽  
National Measurement ◽  
The Individual

A variety of liquid unloading techniques are used to clear accumulated liquids from the wellbore to increase production rates for oil and gas wells. Data from national measurement studies indicate that a small subset of wells with plunger lift assist, that vent with high frequency and short event duration, contribute a significant fraction of methane emissions from liquid unloading activities in the United States. Compared to direct measurement of emissions at 24 wells in a field campaign, the most commonly used engineering emission estimate for this source category, which is based on the volume of gas in the wellbore, does not accurately predict emissions at the individual well (R2 = 0.06). An alternative emission estimate is proposed that relies on the duration of the venting activity and the gas production rate of the well, which has promising statistical performance characteristics when compared to direct measurement data. This work recommends well parameters that should be collected from future field measurement campaigns that are focused on this emission source.

Wet Gas Impeller Test Facility

2010 ◽  
Author(s):  
Trond G. Gru¨ner ◽  
Lars E. Bakken
Keyword(s):  
Oil And Gas ◽  
Fluid Dynamic ◽  
Open Loop ◽  
Gas Production ◽  
Test Facility ◽  
Atmospheric Conditions ◽  
Oil And Gas Production ◽  
Wet Gas ◽  
Inlet Conditions ◽  
The Impact

The development of wet gas compressors will enable increased oil and gas production rates and enhanced profitable operation by subsea well-stream boosting. A more fundamental knowledge of the impact of liquid is essential with regard to the understanding of thermodynamic and fluid dynamic compressor behavior. An open-loop impeller test facility was designed to investigate the wet gas performance, aerodynamic stability, and operation range. The facility was made adaptable for different impeller and diffuser geometries. In this paper, the wet gas test facility and experimental work concerning the impact of wet gas on a representative full-scale industrial impeller are presented. The centrifugal compressor performance was examined at high gas volume fractions and atmospheric inlet conditions. Air and water were used as experimental fluids. Dry and wet gas performance was experimentally verified and analyzed. The results were in accordance with previous test data and indicated a stringent influence of the liquid phase. Air/water tests at atmospheric conditions were capable of reproducing the general performance trend of hydrocarbon wet gas compressor tests at high pressure.

scholarly journals Daily Satellite Observations of Methane from Oil and Gas Production Regions in the United States

2020 ◽  
Vol 10 (1) ◽  
Author(s):  
Joost A. de Gouw ◽  
J. Pepijn Veefkind ◽  
Esther Roosenbrand ◽  
Barbara Dix ◽  
John C. Lin ◽  
...  
Keyword(s):  
United States ◽  
Oil And Gas ◽  
The United States ◽  
Gas Production ◽  
Satellite Observations ◽  
Oil And Gas Production

scholarly journals Comment on “The intensification of the water footprint of hydraulic fracturing”

2020 ◽  
Vol 6 (8) ◽  
pp. eaav2110
Author(s):  
Daniel Raimi
Keyword(s):  
Hydraulic Fracturing ◽  
Water Consumption ◽  
Energy Production ◽  
Oil And Gas ◽  
Water Footprint ◽  
Gas Production ◽  
Permian Basin ◽  
Oil And Gas Production ◽  
Oil And Natural Gas ◽  
Water Intensity

Kondash et al. provide a valuable contribution to our understanding of water consumption and wastewater production from oil and gas production using hydraulic fracturing. Unfortunately, their claim that the water intensity of energy production using hydraulic fracturing has increased in all regions is incorrect. More comprehensive data show that, while the water intensity of production may have increased in regions such as the Permian basin, it has decreased by 74% in the Marcellus and by 19% in the Eagle Ford region. This error likely stems from an improper method for estimating energy production from wells: The authors use the median well to represent regional production, which systematically underestimates aggregate production volumes. Across all regions, aggregate data suggest that the water intensity of oil and natural gas production using hydraulic fracturing has increased by 19%. There also appears to be an error in estimates for water consumption in the Permian basin.

scholarly journals Geographic Dispersion of Economic Shocks: Evidence from the Fracking Revolution

2017 ◽  
Vol 107 (4) ◽  
pp. 1313-1334 ◽  
Author(s):  
James Feyrer ◽  
Erin T. Mansur ◽  
Bruce Sacerdote
Keyword(s):  
Great Recession ◽  
Oil And Gas ◽  
Gas Production ◽  
Economic Shocks ◽  
New Production ◽  
Oil And Gas Production ◽  
Geographic Dispersion ◽  
The Great Recession ◽  
Business Income ◽  
Wage Income

We track the geographic and temporal propagation of local economic shocks from new oil and gas production generated by hydrofracturing. Each million dollars of new production produces $80,000 in wage income and $132,000 in royalty and business income within a county. Within 100 miles, one million dollars of new production generates $257,000 in wages and $286,000 in royalty and business income. Roughly two-thirds of the wage income increase persists for two years. Assuming no general equilibrium effects, new extraction increased aggregate US employment by as many as 640,000, and decreased the unemployment rate by 0.43 during the Great Recession. (JEL D86, L14, L81, L82)

There is no easy solution to Cuba’s fuel challenges

2019 ◽  
Keyword(s):  
United States ◽  
Oil And Gas ◽  
New Technologies ◽  
The United States ◽  
Gas Production ◽  
Oil Price ◽  
Oil And Gas Production ◽  
Content Type ◽  
Generating Capacity ◽  
Major Producer

Subject Cuba's energy troubles. Significance With a previously generous Venezuela facing economic crisis and the United States tightening sanctions, Cuba’s ability to augment its limited domestic oil and gas production is severely constrained. It lacks the export earnings to invest in new technologies and power generating capacity that could ease its fuel supply problems. Russia and China have spoken of offering assistance, but neither is inclined to provide handouts in the absence of commercial returns. Impacts Cuba has tried to trade more with Algeria and Angola but remains vulnerable to international oil price shifts. As a major producer of both sugar and biofuels, Brazil could provide a model for Cuba’s biofuel plans. Cubans are resilient and accustomed to hardship; the country’s looming economic troubles are unlikely to trigger serious unrest.

Dropped Object Impact Analysis of Subsea Tree Frame

2014 ◽  
Author(s):  
Kumarswamy Karpanan ◽  
Craig Hamilton-Smith
Keyword(s):  
Impact Analysis ◽  
Oil And Gas ◽  
Terminal Velocity ◽  
Gas Production ◽  
Element Analysis ◽  
Oil And Gas Production ◽  
Operational Life ◽  
Critical Components ◽  
Electrical Components ◽  
The Impact

Subsea oil and gas production involves assemblies such as trees, manifolds, and pipelines that are installed on sea floor. Each of these components is exposed to severe working conditions throughout its operational life and is difficult and expensive to repair or retrieve installed. During installation and operation, a rig/platform and several supply vessels are stationed on the waterline directly above the well and installed equipment below. If any object is to be dropped overboard, it presents a hazard to the installed equipment. A subsea tree comprises of a number of critical components such as valves and hydraulic actuators, in addition to several electrical components such as the subsea control module and pressure/temperature gauges. Their ability to operate correctly is vital to the safe production of oil and gas. If an object were to impact and damage these components, resulting in their inability to operate as intended, the consequences could be severe. In this paper, a typical subsea tree frame is analyzed to ensure its ability to withstand the impact from an object accidentally dropped overboard. This was accomplished using nonlinear dynamic Finite Element Analysis (FEA). In this study, the framework was struck by a rigid body at terminal velocity, resulting in a given impact energy. Displacements and resultant strain values at critical locations were then compared to allowable limits to ensure compliance to the design requirements.

scholarly journals The Assessment of the Impact of Sanctions on Russia for Oil & Gas Industry and Defence Industry Complex of Russia

2019 ◽  
Vol 12 (3) ◽  
pp. 46-57 ◽  
Author(s):  
S. V. Kazantsev
Keyword(s):  
Oil And Gas ◽  
Negative Impact ◽  
Financial Economic ◽  
Gas Production ◽  
Gas Industry ◽  
Oil And Gas Production ◽  
Foreign Earnings ◽  
Defence Industry ◽  
Wide Range ◽  
The Impact

The article presents the results of the author’s research of the impact of a wide range of restrictions and prohibitions applied to theRussian Federation, used by a number of countries for their geopolitical purposes and as a means of competition. The object of study was the impact of anti-Russian sanctions on the development of Oil & Gas industry and defence industry complex ofRussiain 2014–2016. The purpose of the analysis was to assess the impact of sanctions on the volume of oil and gas production, the dynamics of foreign earnings from the export of oil and gas, and of foreign earnings from the sale abroad of military and civilian products of the Russian defence industry complex (DIC). As the research method, the author used the economic analysis of the time series of statistical data presented in open statistics and literature. The author showed that some countries use the anti-Russian sanctions as a means of political, financial, economic, scientific, and technological struggle with the leadership ofRussiaand Russian economic entities. It is noteworthy that their introduction in 2014 coincided with the readiness of theUSto export gas and oil, which required a niche in the international energy market. The imposed sanctions have affected the volume of oil production inRussia, which was one of the factors of reduction of foreign earnings from the country’s oil and gas exports. However, the Russian defence industry complex has relatively well experienced the negative impact of sanctions and other non-market instruments of competition

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