Professional Documents
Culture Documents
Solution: Agreement/deed whereby Mineral Owner sells right/real property interest to develop
minerals to Producer in return for bonus, royalty and/or other benefits.
Lecture 4
WCR-well completion report
FracingU.S. and Internationally
Domestic
Marcellus Shale New York, New Jersey, Maryland, Pennsylvania, West Virginia,
Ohio, Virginia
Barnett Shale Texas
Bakken Shale North Dakota, Montana
Haynesville Shale Texas, Arkansas, Louisiana
Eagle Ford Shale Texas
Utica Shale New York, Ohio, Pennsylvania
International
Australia
China
France
Israel
Poland
UK
Lithuania
CWA-Clean Water Act
CAA-Clean Air Act
UIC-Underground Injection Control
SDWA-Program of Safe Drinking Water Act
RCRA-Resource Conservation and Recovery Act
CERCLA-Comprehensive Environmental Response Compensation and Liability Act
TSCA-Toxic Substances Control Act
TSCA-Toxic Substances Control Act
EPCRA-Emergency Planning and Community Right to Know Act
ESA-Endangered Species Act
MBTA-Migratory Bird Treaty Act
NEPA-National Environmental Policy Act
Lecture 5
NOCs-national oil company
Exon-international oil company (nigeria)
IOC-international oil company
BOE-board of equalization
Most influential NOCs:
China National Petroleum Corporation (China)
Gazprom (Russia)
National Iranian Oil Company (Iran)
Petrobras (Brazil)
PDVSA (Venezuela)
Petronas (Malaysia)
Saudi Aramco (Saudi Arabia)
LNG-largest (liquefied) natural gas
OPEC-oil producing export company
Lecture 6
While the Middle East dominates currently proven, conventional and commercially viable reserves,
these reserves account for less than 10% of the total oil in the world
There is approximately 7.9 trillion bbls of potentially recoverable oil left in the world from all
sources, according to the IEA, with more than 90% of it outside the Middle East.
African oil: Nigeria, Algeria, Angola, Libya, Egypt
NGL-natural gas liquid
Lecture 7
DECC-department of environment and climate change
DECC first issues an exclusivity license in a competitive offering bidding process
Permission from the Local Planning Authority (can require an Environmental Impact Assessment
and a subsequent environmental permit);
Consultation with the Environment Agency;
Submission of application to drill to DECC;
Submission of information and independent health & safety verification to The Health and
Safety Executive;
Notification of the Environment Agency of intent to commence drilling;
Lecture 8,9
POC-partnership operating company
EPC = Engineering, procurement, and construction.
The main vector of renewables support for the EU was through the Directive on the Promotion of
Electricity from Renewable Energy Sources RES-E in the Internal Electricity Market (2009), also
called the Renewables Directive.
Lecture 12
FERC-Federal Energy Regulatory Commission
Lecture 13
But understand the distinction between governing law and applicable law.