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Course Details

Fall 2013-2014
ENE 558 / CBE 558 / CEE 585   Graded A-F, P/D/F, Audit

U.S. Shale Gas and Tight Oil: Implications and Opportunities

Michael H. Schwartz

Understanding the dynamics of the shale gas industry and its future potential trajectory requires an appreciation of technology, regulatory/policy drivers & commercial considerations. This course provides a broad understanding of the history and commercial trajectory of shale gas and tight oil development in the US, the technology associated with O/G development, and the factors that drive market pricing for natural gas and liquids. With this foundation, it will identify and explore environmental impacts of fracking as well as policy implications related to the new abundance of natural gas in the US & its reduced dependence upon oil imports.

Sample reading list:
Leonardo Maugeri, The US Shale Oil Boom: US Phenomenon
Leonardo Maugeri, The Unprecedented Upsurge of Oil Production Capacity & What
Secty of Energy Advisory Board, Shale Gas Production Subcommittee Final Report
Yale Univ Ctr for Environmental Law & Policy, Emerging Issues in Shale Gas Development
Robert Howarth, Anthony Ingraffes, Terry Engelder, Should Fracking Stop?
Int'l Energy Agency, Golden Rules for a Golden Age of Gas

Other information:
The course is organized in 8 topical areas: Fundamentals of Shale Gas/Tight Oil; Natural Gas Value Chain/Market Dynamics; Crude Oil Value Chain/Market Dynamics; Environmental Issues and Challenges; & Future Industry Trajectories. Readings will be made available for each topical area. Readings/discussion maybe modified based upon current events. A day trip to visit a shale gas drilling and/or production rig may be scheduled (attendance optional but recommended).

Schedule/Classroom assignment:

Class numberSectionTimeDaysRoomEnrollmentStatus
24002 C01 1:00 pm - 4:00 pm Th   Friend Center   008   Enrolled:29 Limit:50