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North Carolina’s Shale Play: Not Yet

Explore the emerging shale play in North Carolina, its unique geology, reserves, and regulatory hurdles. Learn about lobbying, drilling standards, and environmental concerns in this evolving energy sector.

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North Carolina’s Shale Play: Not Yet

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  1. North Carolina’s Shale Play: Not Yet By Ben Winikoff

  2. Brief History • Unlike conventional natural gas and oil which has pooled and collected under a layer of impermeable rock, shale oil and gas is trapped within an impermeable source rock and cannot escape on its own.

  3. USGS Assessments These reserves are from ancient freshwater sources that formed during the Mesozoic period. Much smaller than the Backken, Marcellus, and Barnett Shale

  4. Roughly 10 billion dollars in Natural Gas Reserves in the state 1, 709 Billion cubic feet of Gas. In Surveyed NC Basins Compare to: Marcellus Shale, 141 trillion cubic feet (TCF) Source: USGS

  5. Why a State Problem? • Lobbying groups have successfully carved out exemptions for natural gas Source: http://www.americanprogress.org/issues/green/news/2011/06/03/9886/bringing-fracking-to-the-surface/

  6. Pre-Drilling Standards • Baseline Water Data on Water Quality • Biggest problem states face is lack of information about the water quality before drilling begins

  7. Drilling Regulation Dispute: How to Deal with Wastewater

  8. Environmental Recovery • Preventing Cleanup Costs From Shifting to Taxpayers • Bonding Requirements • Spill Response or Contingency Plans • Strict Liability

  9. Side-By Side Comparison

  10. The Debate Goes On

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