Webinar to analyze options for establishing the value of shale gas
UNIVERSITY PARK, Pa. — A Web-based seminar, “Analyzing the Options for Monetizing the Shale Gas Resource,” will be presented by Penn State Extension at 1 p.m. Thursday, Nov. 15.
The one-hour webinar will examine the growing supply and varying demand for natural gas produced from deep shale formations in Pennsylvania and elsewhere.
Uday Turaga, founder and chief executive officer of ADI Analytics LLC — who is internationally known for his expertise in shale-gas production and the resource’s market — will provide his insight during the session.
While news reports regularly feature stories about new shale-gas basins, increased gas estimates or higher production yields, a thorough public understanding of natural-gas demand often is lacking, webinar organizers said.
Turaga will discuss research conducted by his company, looking at current and future uses of natural gas and options for utilization, conversion and monetization of this resource.
“Shale gas supply is growing rapidly and will significantly impact both the North American and the global energy industry,” said Turaga, a recognized thought leader in the energy and chemical industry, and a frequent speaker on energy issues at conferences and events globally.
“In addition to being used for power, chemicals and vehicles, shale gas could position North America as a major supplier of liquid natural gas in a world that wants more of it,” he said. “Such development would, collectively, stabilize natural gas prices and incentivize continued investments in shale gas and other unconventional resources.”
Presented by Penn State Extension’s Marcellus Education Team, the Nov. 15 webinar is part of a monthly series offered from 1 to 2 p.m. Thursdays. Upcoming topics include:
— Dec. 20, “Shale Energy and Water Impacts: A Review of Recently Published Research”
— Jan. 17, “America’s New Industrial Revolution: A Renaissance for U.S. Chemical Manufacturing”
— Feb. 21, “The Science behind Best-Management Practices”
Registration for the webinars is not necessary, and all are welcome to participate by logging in to https://meeting.psu.edu/pscems. For more information, contact Carol Loveland at 570-320-4429 or by email at cal24@psu.edu.
Previous webinars, publications and information are available on the Penn State Extension natural-gas website, covering topics such as Act 13, seismic testing, air pollution from gas development, water use and quality, zoning, gas-leasing considerations for landowners, gas pipelines and right-of-way issues, legal issues surrounding gas development and the impact of Marcellus gas development on forestland.
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Friday, November 9, 2012