• 5 minutes Closing the circle around Saudi Arabia: Where did Khashoggi disappear?
  • 10 minutes Iranian Sanctions - What Are The Facts?
  • 15 minutes U.N. About Climate Change: World Must Take 'Unprecedented' Steps To Avert Worst Effects
  • 2 hours Can the World Survive without Saudi Oil?
  • 15 hours Sears files Chapter 11
  • 15 hours Natural disasters and US deficit
  • 12 hours China Is the Climate-Change Battleground
  • 1 hour Porsche Says That it ‘Enters the Electric Era With The New Taycan’
  • 17 mins WTI @ $75.75, headed for $64 - 67
  • 1 day Saudi A Threatens to Block UN Climate Report
  • 1 day Threat: Iran warns U.S, Israel to expect a 'devastating' revenge
  • 7 hours $70 More Likely Than $100 - YeeeeeeHaaaaa
  • 3 hours How High Can Oil Prices Rise? (Part 2 of my previous thread)
  • 1 day German Voters Set to Punish Merkel’s Conservative Bloc
  • 1 day Nothing new in Middle East? Iran Puts On 'Show Of Strength' Military Exercise In Gulf
  • 12 hours U.S. - Saudi Arabia: President Trump Says Saudi Arabia's King Wouldn't Survive "Two Weeks" Without U.S. Backing
Alt Text

What’s Next For Oil Prices?

Oil markets will continue to…

Alt Text

Fear Has Driven Oil Prices Too High

The calls for $100 oil…

Alt Text

Why The Saudis Can’t Keep A Lid On Oil Prices

Oil prices continue to rise…

Dave Forest

Dave Forest

Dave is Managing Geologist of the Pierce Points Daily E-Letter.

More Info

Trending Discussions

This Nation Could Finally See A Shale Breakthrough

This Nation Could Finally See A Shale Breakthrough

One of the biggest questions in energy is: where on Earth will be the next place to perfect shale drilling?

And late last week, we got some strong indications.

The place is the U.K. Where new rules for drill permitting may give shale oil and gas exploration a major lift.

The U.K. government said Thursday it plans to fast-track review and approval of permits for shale drilling. Addressing one of the big issues that has held back development of the sector in the country. Related: Who Is Leading The Charge In Energy Storage?

Currently, shale applications across the U.K. must be submitted to local municipalities. Which then rule on the final permit for drilling.

But many of those local governments have been failing to act on applications. Letting the permitting drag out, rather than making a decision on what has become a contentious issue in many parts of the country.

The national government believes this is unacceptable. And said it will identify municipal groups that fail to act on permits within a 16-week time frame -- and then take over these orphaned applications, to ensure they are processed in a timely manner. Related: Where Is Oil Heading? New Reports From IEA, OPEC, And EIA Provide Clues

For drillers, this is potentially great news. Allowing them to remove a roadblock that has stymied drilling here.

It may also lead to a greater approval rate for applications. Allowing municipalities to "pass the buck" to the government -- which has already shown strong support for shale gas development as an energy security measure. Related: Better Times Ahead For Oil, If You Can Believe It

All of which may now place the U.K. in the lead for the first spot outside the U.S. to achieve economic shale production. With the country already having well-proven geologic potential, and also hosting a strong oilfield services sector of the kind needed for successful shale drilling.

Watch during the coming months to see how many applications will be kicked up the decision making chain. And whether this touches off a round of new approvals -- and new drills spudded.

Here's to timely review,

Dave Forest

More Top Reads From Oilprice.com:




Back to homepage

Trending Discussions


Leave a comment

Leave a comment




Oilprice - The No. 1 Source for Oil & Energy News