Shale Gas Handbook

Video | July 2015 | 00:03:58

Barclay Nicholson discusses the launch of the new Shale Gas Handbook which encompasses the changes in fracking over the past 18 months, from around the world.

Transcript

I’m really excited about the new launch of our Shale Gas Handbook. 18 months ago we launched, which was at the time a first of its kind Shale Gas Handbook because it took a look at all of the various jurisdictions where this unconventional resource are really at the forefront. In the last 18 months we’ve seen some really exciting changes that have gone on, both in the US and around the World and so this new publication encompasses all of those new changes. We’ve seen places like Chile and Colombia who are running out their unconventional plans putting new blocks up for auction. We’ve seen in the UK a massive new piece of legislation dealing with permitting and the new requirements of waste water and injection wells all related to hydraulic fracturing and unconventional resources. We’ve seen our friends in colleagues in Poland go through massive changes in 18 months and here at home for me in the US we’ve seen changing regulation, we’ve seen new case law, we’ve seen a myriad of state regulations and trips to the court houses that have played out in a number of different ways.

What I am also really excited about is talking about some of these key changes that have happened in the US over the last 18 months because we’ve seen them in a lot of areas. First I would say it has really been interesting in the US to see how we have come and really had this issue of unconventional shale, oil and gas development and the issue of hydraulic fracturing which can be a very polarising topic play out at the ballot box. Another area where we have really seen changes in the US is at the courthouse, we’ve had a number of cases play out now since 2009 challenging that hydraulic fracturing and unconventional oil and gas development was somehow causing problems with the fresh water aquafer. We’ve seen those cases continue to develop and play out and all of that is encompassed in our new Shale Gas Handbook. Lastly regulations; we’ve seen regulations both at our federal level and at the state level and at the local level and it is really interesting to see how that tension plays out especially as we compare that around the world with those of my colleagues where they too talk about regulations in their home countries.

Looking forward for the next 18 months or so, I still think it’s going to be a really exciting time for shale gas and unconventional developments. Not only here in the US but as we try to export some of our lessons learnt, some of the technology and some of the successes that we’ve had from here around the world. I think it will continue to be a focal point for oil and gas as we see so much of this unconventional opportunity continue to come online, countries continue to see and exploit that.

We came together here at Norton Rose Fulbright almost two years ago with our jurisdictions all around the world and realised that this phenomenon of unconventional oil and gas development, shale gas – hydraulic fracturing, was having different results all around the world. This is really a one of a kind, in one resource book that you can turn to for questions about unconventional oil and gas drilling, production, hydraulic fracturing.

Given these great changes that have happened in 18 months, something we follow every day, here at Norton Rose Fulbright and write about on our blog. If you visit that site we write on a timely basis, sometimes multiple times a day, really trying to update everyone on the latest of this subject.

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