Courtesy of KDKA TV – The Sunday Business Page “The Shale Industry in Transition”


. >>GOOD MORNING. THE SHALE INDUSTRY IS IN TRANSITION. WHAT DOES THAT MEAN FOR THE ENVIRONMENT? WE WILL ASK COCHAIR OF — ENERGY AND NATURAL RESOURCES GROUP. >>THEN SHEPHERDING THE NEXT GENERATION, WE WILL INTRODUCE YOU TO TWO MEN EDUCATING EXAM COUNSELING YOUNG PEOPLE AT- BECAUSE A FAMILY IS — TOM PIERCE, NATIONAL DIRECTOR OF ARTING — AND ARM — YOU WILL MEET TWO YOUNG ENTREPRENEURS WHO’S IN BUSINESS AND BUSINESS SA I HAVE SHOW GREAT PROMISE IN THE WORLD ALL NEXT RIGHT HERE ON THE SUNDAY BUSINESS PAGE. >>THIS IS SUNDAY BUSINESS KDKA-TV. THANK YOU FOR SPENDING PART OF YOUR MORNING AND INDEDEPARTMENT — CERTAINTY AND FEAR TO MANY PIECES. OTHERS THAT AKEY. WHAT IS THE STATE AND WHAT ROLE COULD GOVERNMENT PLAY IN REGULATING THAT BUSINESS? JOSEPH RYANHEART IS A PRESIDENT AND CHOUGH CHAIR OF THE NATURAL AND NATURAL RECOFFERSES GROUP. HE JOINS US NOW WITH A PERSPECTIVE ON HOW IT COULD IF HE CAN OUR GLUNT LET ME YOU ABOUT THE SHALE INDUSTRY. WE USE THAT AND OFTEN COP FUSE IT WITH GAS IS IT IT IS NATURAL GAS FROM A DIFFERENT SOURCE THAN WE TRADITIONALLY RESEE IT. YOU CAN GET IT FROM A TIGHT FORMATION OF WHO CAN A LITTLE BELOW THE FROM AND GROUND. TO GET IT OUT OF THE ROCK YOU HAVE TO MAKE IT MOBILE GET TO RECOVER. OTHERWISE IT IS A NATURAL GO. BUT YOU ALSO MAY GET IT IS PROBABLY A MILE PLUS BELOW THE SUR FAS OF THE THE BROWN. IT IS VERY DEEP. CONVENTION L WAILS THAT ARE MUCH SOMEHOW LOWER THEY GO APPROXIMATELY A MILE UNDER GROUND TO RECOVER IT. >>THE TECHNOLOGY IS SUMP THAT WITH THE MARCELLUS — YOU DIG A MILE AND THEN YOU EXTRACT OR FRAC THE NATURAL GAS THAT’S THERE. IT IS IMPACTING A HUGE AREA. >>IT IS. THAT HAS ALLOWED THEM TO REDUCE THE FOOTPRINT OF THE IMPACT ON THE SURFACE. HISTORICALLY YOU WOULD BE DRILLING A VERT CAR LENGTH WELL THAT WOULD HAVE A CERTAIN RECOVERY WITHIN THE RADIUS OF THE WELL. BUT NOW WITH THE MODERN TECHNOLOGY AVAILABLE TO HORIZONTAL. YOU CAN HAVE SEVERAL PADS ON ONE BAD, ONE LOCATION THAT WOULD GO IN AND AI DON’T TO LOTS OF PROPERTY IS BEING AIF HE CANNED FBI UNDER GROUND FRACKING ONSON 15á8 DEMAN. WHEN WE TAKE SHALE IT IS VERY DIFFERENT FROM THE KIND OF DRILLING THAT WE HAVE SEEN TRADITIONALLY. IT DOES IMPACT A WHOLE LOT MORE AREA AND ENVIRONMENT THAN THE TRADITIONAL SIDE. WHEN YOU EVALUATION WAIT THE STATE OF THIS GARBLE GAS, DRILL, WHAT DO YOU DO IT. >>WHAT’S WHAT THEY TELL EVERYBODY TO DO FROM WE’VE TO MEETING TO — A SIGNIFICANT PAR OF THE U.S. VOLUME OF NATURAL THAT’S BEING PRODUCE. WHEN WITH WE TALKED A YEAR AGO, THE PROJS AT THAT TIME WERE DEVELOPING APPROXIMATELY 8 BILLION CUBIC FEET A DAY OF GAS FROM THE SELL US THEY WERE EXPECTING BY TO 20á 25, THEY WOULD DUMP 15 BILLION, AND IT COULD BE PER DAY. SO, THE PROTS THAT WERE ON A BAUDS — MUCH MORE E TICKET AND BEING ABLE TO RECOVER GAS THROUGH THE HEALTH THEY KNOW. >>THIS HAS BEEN ARE WE DOING A BETTER JOB ENVIRONMENTALLY. DO WITH YOU WE HAVE THE PROTECTIONS IN PLACE THAT WE SHOULD. >>I HAVE THE PLEASURE OF DEALING WITH A LOT OF COMPANIES ON A DAY-TO-DAY BASIS EXAM CERTAIN THEY HAVE CERTAIN DEVICES TO MAKE SURE THEY DO THE BEST THEY CAN WITHOUT IMPACTING THE ENVIRONMENT AND CERTAINLY MAKING IT SAFE. ON TOP OF THAT I THINK BECAUSE OF THE FACT THAT OBVIOUSLY THIS PARTICULAR INDUSTRY HASSEN A LOT OF TENSION — IMPOSED WITH REGARD TO WAR MILLION — TO ALL ASPECT OF THE OPERATION THAT IS — THIS PARTICULAR INDUSTRY IS REGULATED AND IT IS DO ENS. IT WAS IN PENNSYLVANIA’S ON OUR NEIGHBORS IN WEST VIRGINIA AND OHIO HAVE TAXES TEXAS HAS A HUGE — >>THAT HAS BEEN THE TOPIC OF A LOT OF DISCUSSION WITH REGARD TO FACT IT APPEARS TO BE A HAND CITY SOURCE, BUT WHEN YOU CONSIDERTHEY DON’T HAVE A SEVER TAX IT IS AN IMPACT FEE WHICH IS GENERATED APPROXIMATELY 2 HUCKS DOLLARS A YEAR. THOSE ARE GOING TO THE LOCAL COMMUNITIES. HOW DOES INDUSTRY PICK WHERE TO PUT — IF YOU ARE AGO T INCREASED COST WITH REGARDS TO DEVELOPING SAY PEN MEMBER AND NOT IN OHIO YOU HAVE TO VALUATION THAT PLUS AN IMPACT FEE, THAT COULD HAVE AN AN IF HE CAN. >>THE DEMOCRATIC SAYS HI WILL REPLACE THE — OF COURSE THE CURRENT GOVERNOR DOESN’T WANT ANY ANSWER TAX AT ALL. THE PUBLIC WILL HAVE A CAREER CHOICE ON THAT AS THEY GO FORTH. WE ONLY HAVE ABOUT 40 MINUTE ON YOU HAVE LEFT. >>CAN YOU TELL US THE PROJECTIONS WITH REGARD TO EMPLOYMENT. >>CERTAINLY. IF YOU LOOK AT JUST THE LOCAL AREA WE’VE HAD ABOUT FIVE YEA OVER 200% INCREASE YOU ALSO HAVE AN INCREASE ROLL WHERE THEY’RE ACTING AS A SOURCE FOR ELECTRICAL POWER. BEYOND THAT WHAT IS EXCITING FOR PURPOSES OF OFFERING PITTSBURGH A VENN VANCE IS THE THINGS THAT WOULD BE MANUFACTURING THAT WOULD O OCCUR AS A RESULT OF HAVING THE WRONG MATERIAL AND SOURCE. >>AN ENERGY FLY RIGHT HERE — ASIDE FROM THE FACT AS WE JUST SELL RATED INDEPENDENCE. I KNOW WE HAVE YOU BACK. THANK YOU AGAIN. >>>WHEN WE COME BACK, SHEPHERDING THE NEXT GENERATION, TWO HAD F MEN WITH A FAITH-BASED BA

Leave a Reply

Your email address will not be published. Required fields are marked *