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No description available.

Shale gas extraction is a technology that is recently arriving in Europe and Germany. The technology brings about a considerable amount of potential environmental threats, but the extraction of shale gas also promises energy security rewards. When the European and German systems for energy and environmental regulation were developed, shale gas extraction did not exist as a technical possibility. Both systems are, hence, not entirely adapted to this technology. This work highlights different ways in which the European and German legislator could act to close existing gaps in their regulatory systems. This could mainly be done by supplementing the existing system with new, shale gas specific regulations. These regulations should be summarized in a new-build shale gas law. The current work tracks the different stages of development of such a new shale gas law, starting from the level of rather abstract constitutional objectives, which translate into clearer defined environmental principles, which in turn translate into a concrete law. Experience from other European states with the legal handling of shale gas extraction teaches that there are essentially two different orientations for such a new-build shale gas law. One is the adoption of a prohibitive moratorium and the other is the implementation of a cautious, but permissive shale gas law. This work`s original contribution to knowledge is the insight that constitutional pre-settings on the interplay of environmental protection with energy security make a cautious, but permissive shale gas law a measure that is legally sounder than a shale gas moratorium. Legally sound, in this context, means complying, to the greatest extent possible, with the applicable constitutional and quasi-constitutional objectives. A shale gas moratorium only serves one purpose, environmental protection, and does not take sufficient account of the energy security objective. A shale gas moratorium only serves one purpose, environmental protection, and does not take sufficient account of the energy security objective. A cautious, but permissive shale gas law, by contrast, possesses the ability to reconcile the competing interests of environmental protection and energy security, which makes it more resilient to judicial review than a moratorium. Having said that, it must be emphasised that shale gas regulation is ultimately a political decision and the legislator is allowed to pick either of the described solutions. This work merely describes which solution is the legally soundest in the sense defined above. To sum up, results from this study will extent what is currently known about the constitutional pre-conditions for the development of shale gas regulation. It highlight that constitutional objectives have a significant impact on the shape of energy regulation.

With increase of interest in exploiting shale gas/oil reservoirs with multiple stage fractured horizontal wells, complexity of production analysis and reservoir description have also increased. Different methods and models were used throughout the years to analyze these wells, such as using analytical solutions and simulation techniques. The analytical methods are more popular because they are faster and more accurate. The main objective of this paper is to present and demonstrate type curves for production data analysis of shale gas/oil wells using a Dual Porosity model. Production data of horizontally drilled shale gas/oil wells have been matched with developed type curves which vary with effective parameters. Once a good match is obtained, the well dual porosity parameters can be calculated. A computer program was developed for more simplified matching process and more accurate results. As an objective of this thesis, a type curve analytical method was presented with its application to field data. The results show a good match with the synthetic and field cases. The calculated parameters are close to those used on the synthetic models and field cases.

After a fracturing job in a shale reservoir, only a fraction of injected water is recovered. Water is trapped inside the reservoir and reduces the relative permeability of gas. By reducing the interfacial tension between water and hydrocarbon, more water can be recovered thus increasing overall gas production. By adding surfactants into the fracturing fluid, the IFT can be reduced and will help mobilize trapped water. From previous research, two types of surfactant have been identified to be CO₂ soluble. These are the ethoxylated tallow amine and ethoxylated coco amine with varying ethoxylate length. Experiments were performed to test the solubility of these surfactants in water, observe how they change the interaction between HC and water, and measure the IFT reduction between HC and water. Surfactants with more than 10 EO groups were soluble at all salinities, temperature and pH. They also form a non-typical water-in-oil emulsion at all salinities. The surfactants, Ethomeen T/25, T/30, C/15, and C/25 were used in the IFT measurements. They showed interesting trends that exhibit their hydrophilic/hydrophobic nature. These surfactants reduce the IFT between pentane and water to approximately 5 mN/m. The results show that these surfactants do reduce the IFT between water and hydrocarbon, but not as well as conventional EOR surfactants. They do have other added benefits such as being CO₂ soluble, form water in oil emulsions, and tolerant to high temperature and salinity. / text

The purpose of this paper is to offer a review of the history of oil in order to build an understanding of the factors that make the commodity innately volatile. Then, we explain the recent development of US shale production, which may threaten to disrupt the status quo in oil markets. In the last decade, markets have endured two price collapses that are historic both in their frequency and individual magnitudes; however, recent volatility has remained low. We hypothesize that the shale revolution in the United States may have played a role in this new trend. Following the tradition of Pindyck (2004), we utilize a GARCH model in order to analyze crude-oil price volatility since 2004. In order to measure the effects of the shale revolution, we leverage a major news shock in August 2013, at which time Pioneer Natural Resources made the single largest announcement of new retrievable shale reserves in history. We find that the news announcement had a positive effect on the conditional variance of oil and a negative effect on daily returns. The limitations of our instrument for shale production constrain our interpretation of these results, preventing any definitive conclusions about shale companies’ possible role as a volatility-reducing swing producers.

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No description available.

Shale gas development is transforming the energy landscape in the United States. Advances in production technologies, notably the dual application of horizontal drilling and hydraulic fracturing, allow the extraction of vast deposits of trapped natural gas that, until recently, were uneconomic to produce. The objective of this work is to develop mixed-integer programming models to support upstream operators in making faster and better decisions that ensure low-cost and responsible natural gas production from shale formations. We propose a multiperiod mixed-integer nonlinear programming (MINLP) model along with a tailored solution strategy for strategic, quality-sensitive shale gas development planning. The presented model coordinates planning and design decisions to maximize the net present value of a field-wide development project. By performing a lookback analysis based on data from a shale gas producer in the Appalachian Basin, we find that return-to-pad operations are the key to cost-effective shale gas development strategies. We address impaired water management challenges in active development areas through a multiperiod mixed-integer linear programming (MILP) model. This model is designed to schedule the sequence of fracturing jobs and coordinate impaired- and freshwater deliveries to minimize water management expenses, while simultaneously maximizing revenues from gas sales. Based on the results of a real-world case study, we conclude that rigorous optimization can support upstream operators in cost-effectively reducing freshwater consumption significantly, while also achieving effective impaired water disposal rates of less than one percent. We also propose a multiperiod MINLP model and a tailor-designed solution strategy for line pressure optimization in shale gas gathering systems. The presented model determines when prospective wells should be turned in-line, and how the pressure profile within a gathering network needs to be managed to maximize the net present value of a development project. We find that backoff effects associated with turn-in line operations can be mitigated through preventive line pressure manipulations. Finally, we develop deterministic and stochastic MILP models for refracturing planning. These models are designed to determine whether or not a shale well should be restimulated, and when exactly to refracture it. The stochastic refracturing planning model explicitly considers exogenous price forecast uncertainty and endogenous well performance uncertainty. Our results suggest that refracturing is a promising strategy for combatting the characteristically steep decline curves of shale gas wells.