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 You Are On Search Shale (Tight) Oil Play's - The Real Game Changer Page

Former Vice President Dick Cheney, who previously served as Halliburton’s CEO, was instrumental in getting the so-called
‘Halliburton Loophole’
inserted deep within the pages of "The Infamous 2005 Energy Bill". This loophole stripped the EPA of its regulatory
 oversight
of hydraulic fracturing in natural gas development, a technique pioneered by Halliburton.
In 2005, the oil and gas industry was granted an exemption from the Safe Drinking Water Act,
Allowing the injection of toxic fluids directly into groundwater without oversight by the U.S. Environmental Protection Agency (EPA).


This Page's Layout Guide
L to R - Top To Bottom
The Real Game Changer
Erle P.Halliburton
The Inventor
It's The Water !

Act Of 1974

Frac Act

Dick Cheney

John Hoeven

Oil Prices

Wall Street

Depletion

Education Hicks & The NDIC
Mortgage Bubble Media Hype

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The Real Game Changer
You hear this all the time. What really changed the game!
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Hydraulic Fracturing - Been Around Since 1940
Directional Drilling - Been Around Since 1920

Need for clarification. BOE (barrel of oil equivalent or as some put it a barrel of energy) Not a barrel BBL of oil.
Roughly 6000 Cubic Feet Of Natural Gas Nets 1 bbl of oil equivalent

Oh the games people play now Every night and every day now
Never meaning what they say now Never saying what they mean
The Games People Play

It's The Water
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2005 The Safe Drinking Water Act Is Changed


Under President Bush and Vice President Cheney, fracking was exempted from significant EPA regulation Hydraulic fracturing, an increasingly common aspect of the oil and
gas production process, is not subject to the same standards as other industries when it comes to protecting  underground sources of drinking water Hydraulic fracturing
 involves the injection of fluids including toxic chemicals into oil or gas wells at very high pressure Other forms of underground injection are regulated to protect drinking water,
but in 2005 Congress created exemptions for hydraulic fracturing to benefit Halliburton and other oil and gas companies
The Energy Policy Act Of  2005 - The Haliburton Loophole

Energy Act Of 2005 Defined Energy Policy Act Of 2005 - PDF
Page 102, Section 322
Halliburton - 1996

Water Cant Harm Me!
Its What Is Put In The Water

Water Act Of 1974
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Safe Drinking Water 1974

The 1974 act authorized EPA to regulate injection wells in order to protect underground sources of drinking water.
Congress amended the SDWA in 2005 to exclude hydraulic fracturing, an industrial process for recovering oil and natural gas from coverage under the UIC program.
This exclusion has been called the "Halliburton Loophole". Halliburton is the world's largest provider of hydraulic fracturing services.
The Fracturing Responsibility and Awareness of Chemicals Act (H.R. 2766, S. 1215) would have repealed the exemption for hydraulic fracturing in the SDWA
and regulated the oil and natural gas recovery process under the UIC program. The bill did not pass.


Was It The FRAC Act
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FRAC Act

Was It Dick Cheney
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The Revolution

Still Not Regulated

Was It John Hoeven
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Did He Invent This

Maybe He Did

Despite the rhetoric, the United States is highly unlikely to become energy independent unless rates of energy consumption are radically reduced.
The much-heralded reduction of oil imports in the past few years has in fact been just as much a story of reduced consumption, primarily related
 to the Great Recession, as it has been a story of increased production. Crude oil production in the U.S. provides only 34 percent of current liquids
 supply, with imports providing 42 percent (the balance is provided by natural gas liquids, refinery gains, and biofuels). In fact, the Energy
Information Administration (EIA) sees U.S. domestic crude oil production—even including tight oil (shale oil) peaking at 7.5 million
 barrels per day (mbd) in 2019 (well below the all-time U.S. peak of 9.6 mbd in 1970), and by 2040 the share of domestically produced
 crude oil is projected to be lower than it is today, at 32 percent. And yet, the media onslaught of a forthcoming energy bonanza persists.


Tight oil production has grown impressively and now makes up about 20 percent of U.S. oil production.
This has helped U.S. crude oil production reverse years of decline and grow 16 percent above its all-time post-1970 low in 2008.
More than 80 percent of tight oil production is from two unique plays: the Bakken in North Dakota and Montana
 and the Eagle Ford in southern Texas.
The remaining nineteen tight oil plays amount to less than 20 percent of total production,
Illustrating the fact that high-productivity tight oil plays are in fact quite rare.

Tight oil plays are characterized by high decline rates, and it is estimated that more than 6,000 wells (at a cost of $35 billion annually)
 are required to maintain production, of which 1,542 wells annually (at a cost of $14 billion) are needed in the Eagle Ford and Bakken
 plays alone to offset declines. As some shale wells produce substantial amounts of both gas and liquids, taken together shale gas and tight oil
 require about 8,600 wells per year at a cost of over $48 billion to offset declines. Tight oil production is projected to grow substantially
 from current levels to a peak in 2017 at 2.3 million barrels per day. At that point, all drilling locations will have been used in the
 two largest plays (Bakken and Eagle Ford) and production will collapse back to 2012 levels by 2019, and to 0.7 million barrels per day by 2025.
In short, tight oil production from these plays will be a bubble of about ten years’ duration.

Was It Oil Price's
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Price headed up in 2005. Price really headed north in 2007 and 2008.
Alot of players got in the game and alot of players got burned.
Things got rolling around 2005 - 2006 for drilling and fracking.
You have to have a price to support exploration of

Unconventional Oil

World oil market chronology from 2003 to 2016

S&P 500 - Overlaid With Oil


Was It Wall Street
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It is interesting to note that while once the oil and gas industry exploited other regions of the globe.
To effect energy security for the U.S.,
it is now exploiting the U.S. to provide energy security to other regions, primarily Asia.
These economies will pay the highest price and thereby offer the most profitability to the individual corporations.

Shale & Wall Street

Is Wall Street Behind The Hype ?


Was It Depletion
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Oil Depletion

Was It Our Education System
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"We want to make sure as many people as possible benefit from this money," says Bruce Gjovig, director at The Center for Innovation at the University of North Dakota.
"This is a state with a great educational system and we now have the chance to raise it to the next level with this income.
This will really help our people. Like Norway has done." [12]. 

  The oil company from Norway is in town. At least they know they are in tight oil, not shale oil.
The Shale Revolution

Could End Sooner Then You Think - Read The Second Page

Was It The NDIC & Mr. Hicks & page 3 of this presentation.
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Hicks Presentation - dmr.nd.gov

Was It The Mortgage Bubble Bust
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The timeline went from the housing bubble burst to the energy independence hype.

Shadow Inventory Of Homes

Was It Media Hype
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Selling Energy Independence

Media Hype

Its going to take alot of crude oil to make the USA energy independent.
We got about 10 million barrels to go.
In 2012, the U.S. completed 45,468 oil and gas wells and brought online 28,354 of them,
Compared with 3,921 wells completed in the rest of the world"

Leonardo Maugeri - Full PDF Report

As a investor one should always do due diligence to protect oneself.

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Hydraulic Fracking - Going To Far
Hidden Beneath The Ground ?

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