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The Boom: How Fracking Ignited the American Energy Revolution and Changed the World

Page 36

by Russell Gold


  Coolidge, Erick, 214

  Cornell University, 235, 258, 309

  C. W. Slay #1 well, 8, 24

  Dallas, Tex., 21, 31, 92, 116, 135, 157, 294, 298, 310

  Barnett Shale and, 8, 148, 150, 155

  natural gas and, 93, 187

  and opposition to coal, 243, 246

  Trinity Aquifer and, 108

  Dalrymple, Jack, 44

  Davidson, Kenny, 172

  Davidson, Richard, 160–61

  Deepwater Horizon:

  explosion of, 260–61, 273–76, 286, 290

  well construction integrity of, 274–75, 290

  Devon Energy:

  acquisitions of, 137, 142–45, 155, 157, 162

  Barnett Shale and, 143–50, 152–53, 155

  comparisons between Chesapeake and, 155–57, 188

  competition of, 142–43, 152, 188

  finances of, 137–38, 141–42, 148, 152

  fracking and, 143–44, 149, 155, 190

  gas and, 137, 141–42, 144–45, 148, 150, 152, 190

  horizontal drilling of, 137, 144, 146–47, 149–50, 153, 190–91

  imitators of, 150, 153

  mineral rights leasing and, 137, 142, 150, 152

  origins of, 141

  and research and development, 143–45, 147–48, 155

  and sale of Mitchell Energy, 134–37

  Devonian Shale, 146

  Dickinson, N.Dak., 38–39, 44–45

  D. J. Hughes #1 well, 91–92

  Doochin, Jeremy, 253

  Dow Chemical, 70

  Downs, Roger:

  gas and, 255, 257, 259, 261–62

  New York and, 255–59, 261–63

  Pope and, 257, 259

  Ross #1 and, 255–58, 262

  Drake, Edwin L., 63–65, 67

  drilling funds, 138–42

  Duke University:

  basketball team of, 165–66

  McClendon’s enrollment at, 8–9, 156, 164–68, 195, 207

  Dunham, Archie, 208

  Dushore, Pa., 226

  Eads, Ralph, III, 250

  California energy crisis and, 180, 182–84

  Chesapeake-EIG joint venture and, 207

  Chesapeake’s finances and, 163, 166, 185, 188, 195–96, 205, 207

  Duke basketball and, 165–66

  energy trading of, 180–85

  investment banking career of, 163, 166, 180, 185, 188, 195–96

  McClendon’s relationship with, 163, 165–66, 177–78, 180, 185, 188, 195–96, 204–5

  Eagle Ford Shale, 57, 192

  Eagles Mere, Pa., 215

  earthquakes, man-made, 31

  East Virgil prospect, 170–73

  economics, economy, 5–6, 38, 73, 96, 172, 301–7

  Barnett Shale and, 104, 124

  crises in, 52, 54, 79, 138, 192, 197, 200, 203, 303–5

  Fast on, 79

  fracking and, 8, 24–25, 35–36, 43, 77, 81–82, 85, 103–4, 113, 124, 126–27, 135, 240, 261, 272

  gas and, 8–9, 35, 74, 102–3, 129–31, 138–39, 141–42, 145, 156, 178–80, 182–89, 191, 194, 197, 203–4, 206, 209, 225, 240, 242, 249, 251, 262, 264, 266, 268, 285, 298, 302, 304–5

  Meadowses on, 94–95

  in Mehoopany, 26

  oil and, 8–9, 50, 56–57, 74, 125, 129, 133–34, 138, 141, 167, 179, 282, 285

  recessions and, 9, 50, 54, 167

  of Sullivan County, 225–26, 235, 237

  U.S. energy policy and, 162, 303–4

  see also taxes

  EIG Global Energy Partners, 207–8

  electricity, 14

  California energy crisis and, 180, 182–83

  coal and, 5–6, 32, 35, 241, 243–45, 248, 262–65

  deregulation of, 266

  gas and, 5, 32, 35–36, 59, 178, 180, 225, 241, 244–45, 248, 262–65, 267

  prices of, 183, 225, 237

  renewable energy and, 35, 113, 254, 263, 301–2

  Ellenberger formation, 143–45, 153–54

  El Paso, El Paso Merchant, 195

  California energy crisis and, 182–84

  energy trading of, 180–86

  El Paso Natural Gas, 80, 82

  Emerson, Arne, 295

  employees, employment, 21–22, 25, 47

  in Bakken Shale, 46, 52

  Chesapeake and, 159, 191, 208

  energy consumption and, 5

  gas and, 304–5

  Gearhart and, 282, 291

  incomes of, 62

  layoffs and, 75, 115, 251, 257, 282

  McClendon’s background and, 167–68

  Marcellus Shale and, 228–29

  in Mehoopany, 26

  New York and, 261

  North Dakota and, 37–38, 46, 57

  oil prices and, 125

  Sullivan County and, 214, 225–26, 236

  unemployment and, 46, 186

  well construction integrity and, 286–88, 290

  energy, 94, 239, 270, 284

  change and, 12, 36, 50, 151–52, 155, 213, 302–3, 306

  Chesapeake’s finances and, 194–95

  Chu on, 58–59

  conservation of, 72–73, 83, 99, 301

  Cooke and, 280

  crises in, 82–83, 180, 182–85, 282

  deregulation of, 178, 180–81

  ethics issues and, 12

  Fast and, 72–73, 79

  fracking and, 2, 5–6, 13, 17, 29, 34–36, 81–82, 128, 143, 238, 240, 260, 272, 300–301, 303, 305–8

  in future, 232, 266, 268, 301

  Hanger and, 266–67

  independents and, 2–5

  McClendon and, 8–10, 158–63, 175, 178, 187, 189, 194, 241, 248–50

  mineral rights and, 13, 23–24, 191

  Mitchell and, 90, 96–97, 106, 113

  Nixon on, 50, 81, 83, 162

  Perot Museum and, 295

  Pope and, 241, 254, 251, 259

  and proximity of wells, 19

  shales and, 14–15, 25–27, 34, 151–52, 155, 302–3, 305–7

  sharing information on, 190

  Steinsberger and, 121–22

  Sullivan County and, 210, 213–14, 224, 234–37

  trading in, 180–86, 197–201, 245

  U.S. policy on, 50, 58–59, 81, 83, 162, 301–8

  Ward and, 168–69

  see also specific sources of energy

  Energy Department, U.S., 82, 272, 306

  Engelder, Terry, 233–36

  Enron, 173–74, 185, 201, 205

  energy trading of, 180–81

  environment, 4–6, 33–34, 276, 301

  of Burkburnett, 20–21, 34

  coal and, 242, 245–48

  Deepwater Horizon and, 260–61, 274

  fracking and, 5–6, 9–10, 13, 30, 59, 80, 240, 248, 263, 292, 309

  gas and, 225, 245, 261, 267

  Hanger and, 266–67

  McClendon and, 240–41, 249–51, 253

  mineral rights and, 23

  Mitchell and, 9–10, 95–97

  modern shale communities and, 25, 27

  New York and, 256–58, 262

  Pope and, 240–42, 249–51, 254, 259

  Sullivan County and, 214–15, 222–24, 232–37

  water contamination and, see under water

  see also climate change

  Environmental Defense Fund, 261

  Environmental Quality Commission, Tex., 309

  EOG Resources, 55, 188, 228–29, 295

  Etheridge, Carolyn, 107

  Ewing, Jay R., 149–50

  Exxon, Exxon Mobil, 3, 21, 71, 91, 134, 196, 267, 304

  Cooke and, 271, 277–80, 288

  Southlake and, 298–99

  Tillerson and, 24, 58, 154, 300, 303

  Farris, Riley “Floyd,” 71–76

  cement and, 71–72, 75

  fracking and, 72–73, 75–76, 78

  Fast, Bob, 72–79

  background of, 72, 79

  fracking and, 73, 75–76, 78–79, 92

  Fast, Rob, 73, 79<
br />
  Fayetteville Shale, 155, 192

  Federal Energy Regulatory Commission (FERC), 183–84

  Fersing, Jan, 204

  Finger Lakes, 258

  Fish, Anthony, 61–62

  Flatirons Development, 286–90

  Fort Worth, Tex., 5, 117, 188, 204, 227, 281, 295–96, 298

  Barnett Shale and, 3, 15, 123, 145, 150, 153–54, 295

  Grimes’s lawsuit and, 22

  mineral rights leases and, 88, 150, 153–54, 295

  Mitchell and, 7, 87–88, 151

  oil engineering community in, 126–28

  Steinsberger and, 115–16, 121, 125–27

  Trinity Aquifer and, 108

  water contamination and, 97–98

  Fort Worth Petroleum Club, 153

  Foster, Brad, 143–45, 147–48

  Founders Well Participation Program, 202–3, 208

  Four Sevens Oil, 150–51

  Fox, Josh, 239, 260, 267

  fracturing, hydraulic fracturing (fracking):

  Bakken Shale and, 38–49, 51–57, 60–62, 303

  Barnett Shale and, 103–4, 113, 117–25, 128–30, 143–49, 153–54, 227, 303

  Bartonville and, 299–300

  benefits of, 19, 25–27, 33, 261

  Cooke and, 270–71, 280–81, 292

  Devon and, 143–44, 149, 155, 190

  early experiments on, 54–55

  environment and, 5–6, 9–10, 13, 30, 59, 80, 240, 248, 263, 292, 309

  of existing wells, 74–77, 103, 129

  Farris and, 72–73, 75–76, 78

  finances of, 8, 24–25, 35–36, 43, 77, 81–82, 85, 103–4, 113, 124, 126–27, 135, 240, 261, 272

  Foster on, 143, 145

  gas and, 2–3, 5–6, 13, 18, 23–24, 27–31, 33, 73–74, 76–78, 80–85, 92, 120–22, 126–27, 129–30, 135, 143, 147–48, 188, 248, 262, 298, 303, 305, 309

  Gold’s parents’ land and, 11–12, 31–32

  Hail Mary, 55–56

  health impact assessments and, 308

  history and, 63–64, 66–68, 72–85, 92, 282

  improvements in, 43, 56–57, 78–79, 309

  of Klepper, 73–74

  McClendon and, 158, 163–64, 188, 239–41, 267

  Marcellus Shale and, 221, 227–29, 231–32

  mineral rights and, 23–24, 123, 296

  Mitchell and, 8–10, 24, 84–85, 92, 103–4, 113, 117–19, 121–23, 125–26, 129, 134–36, 143–44, 190, 271

  negative associations of, 297

  New York and, 255–59, 261–62

  North Dakota and, 37–49, 51–57, 60–62, 122

  oil and, 2–3, 5–6, 13, 18, 23, 27–30, 33–34, 40–41, 43–44, 48, 52, 54, 62–64, 66–70, 75–78, 80, 82, 103, 297, 303, 305

  opposition to, 64, 211, 233, 235, 237–40, 248, 257–63, 267, 296–98, 309

  Perot Museum and, 295–96

  Pope and, 240–41

  and proximity of wells, 19–20, 26–27, 30

  prevalence of, 2–3, 12, 24–25, 27–28, 44, 296, 303, 305

  refracking and, 129, 135–36

  regulation of, 25–26, 30, 32–33, 52, 306

  renewable energy and, 34–35, 240, 306

  Roberts’s torpedo and, 63, 66–70, 73

  safety precautions for, 38, 40–41, 44–45, 73

  slick-water, 73, 121–22, 125, 128–29, 135, 143, 190, 227

  Southlake and, 298–99

  spellings of, 297

  Stanolind and, 43, 74, 78–79, 92, 122, 282, 297

  Steinsberger and, 117–26, 128–30, 133, 190, 301

  Sullivan County and, 210–11, 218, 221, 226, 233, 237

  support for, 233–35, 237, 296–98

  technology of, 2, 5–10, 13–15, 17–18, 27–31, 33, 40, 42, 47–48, 51–57, 60–61, 63–64, 66–68, 72–73, 75–85, 92, 103, 116–22, 124, 126–29, 135, 143–44, 146–47, 154, 190, 226–27, 229, 258, 280, 286, 292, 306–7

  U.S. energy policy and, 303, 305–8

  water and, see under water

  well construction integrity and, 286, 289–90, 308

  Wise County and, 92–93, 103

  Frankel, Paul, 305–6

  Fredericksburg, Battle of, 66

  Fredonia, N.Y., 18

  front running, 199

  Fruitland coal formation, 142

  Fu Chengyu, 163

  Fudge, Barney, 23

  Fullenwider, Sarah, 151

  Fuller, Buckminster, 95

  Galveston, Tex., 88–90, 112

  Gardere & Wynne, 105

  Gasbuggy, Project, 80–81

  Gasland, 260

  gasoline, 2, 6, 40, 49, 58, 73–74, 164, 265

  Gas Research Institute, 84–85

  Gastem USA, 255–56, 258, 262

  Gearhart, Marvin, 281–86, 291–92

  background of, 281–83

  Cooke’s RDT and, 281, 283–85, 292

  well construction integrity and, 281–82

  Geo-Shot, 291

  Germany, 279, 301–2

  Getz, Bob, 226

  Ghawar, 17

  “Ghost Ridin’ Grandma,” 269–70, 284

  Glenpool, Okla., 104–5

  Golden Trend gas field, 168–69

  Goldman Sachs, 113, 134, 163, 201

  Goodman Drilling, 21–22

  Graby, William, 261

  Graham Shoop #6 well, 147

  Great Depression, 79, 138, 200

  green completions, 32, 309–10

  greenhouse gases, 32, 235, 250, 262–66, 308

  Greenspan, Alan, 304

  Grigsby, Jennifer, 160–61

  Grimes, Ottis, 20–23, 25, 27, 34, 36

  lawsuit of, 22–23, 26, 300

  mineral rights lacked by, 21–22, 25

  guar, 51–54

  Gulf of Mexico, 16, 60, 90, 195

  Deepwater Horizon and, 260, 273–74

  oil and gas drilling in, 19, 75, 113, 134, 164, 260, 273–74

  Hall, Jeff, 134–37

  Halliburton, 52, 83, 271, 274

  Cooke’s RDT and, 279, 283

  Halliburton Oil Well Cementing Company (HOWCO), 76

  Hallwood Group, 153–55

  Hamm, Harold, 171–72

  Hanger, John, 266–67

  Hann, Megan, 171–72

  Hargis, V. Burns, 160–61

  Hart, Bill, 223–24

  Haynesville Shale, 192, 206

  health impact assessments, 308

  Helmerich & Payne (H&P), 145

  Henderson, Sly, 45–48

  and fracking of Irene Kovaloff, 45, 47–48, 60–61

  Henry Hub, 185

  Heritage Management Company, 198–99

  Hickenlooper, John, 52

  Holiday, Billie, 162

  Hood, Henry, 207–8

  Houston, Tex., 27, 52, 58–59, 199, 201, 270–71

  Cooke and, 277–78

  Eads and, 165, 185, 195, 204

  energy trading in, 180–83

  Marathon and, 39, 42

  Mitchell and, 7, 86, 88–91, 95–96, 134–37, 271

  and opposition to coal, 243, 246

  Houston Natural Gas, 173, 180

  Hubbert, M. King, 77–79

  Hugoton natural gas field, 73

  Humble Oil and Refining, 91, 118

  Hutton, Keith, 154

  Icahn, Carl, 161

  Independence, Project, 50

  independents, 2–5, 24, 112–13

  Ingraffea, Anthony, 235–36

  International Energy Agency (IEA), 50, 264–66

  Intrieri, Vincent, 161–62

  Irene Kovaloff 11–18H well:

  delays at, 45, 47

  fracking of, 38–49, 51–54, 60–62

  oil and, 40–41, 43–44, 48, 54, 62

  isolation scanners, 275–76, 290

  Jaytex Oil & Gas, 167–68

  Jefferies Group, 163, 195–96

  Jefferson County, Pa., 286–90

  Johnson County, Tex., 153–55

  Jones, Jeff, 288, 290
/>   Journal of Petroleum Technology, 273

  Kaiser, George, 199–201

  Kaminski, Vince, 185

  Kansas, 73, 281

  Keffer, Bill, 105, 110

  Kennedy, Robert F., Jr., 259–60

  Kern Trading and Oil Company, 99

  Kerr, Aubrey, Jr., 167

  Kerr, Robert S., 164, 167

  Kerr-McGee, 75, 164

  Killdeer, N.Dak., 37, 45

  Kimmeridgian Shales, 17

  Kinsey, Bobby, 51–53

  Klepper #1 well, 73–74

  Klesse, Bill, 50

  Krafjack, Emily, 26–27

  Kramer, Ken, 242–43

  Kyoto Protocol, 265

  Ladies’ well, 67

  Lakeview #1H well, 154

  Lesar, Dave, 52

  Limits to Growth, The (Meadows, Meadows, and Randers), 94–95

  Long Beach, Calif., 118–19

  Los Angeles, Calif., 99, 149, 173, 176, 247

  Louisiana, 5, 185, 205, 230, 273

  Austin Chalk and, 176–77, 179

  Haynesville Shale in, 192, 206

  Louisiana Offshore Oil Port (LOOP), 50–51

  Lowe, Dick, 150–51

  McClendon, Aubrey Kerr, 8–11, 152–80, 185–210

  American Energy Partners and, 208–9

  background of, 8–10, 156, 164–69, 177–78, 195, 207

  Calpine visit of, 178–79, 183

  Chesapeake-EIG joint venture and, 207–8

  and Chesapeake’s acquisition of Canaan, 152–54

  Chesapeake’s asset sales and, 206–7

  on Chesapeake’s four main inputs, 190, 192

  Chesapeake’s origins and, 169–70, 172–75

  Chesapeake’s perks and, 174, 202–3, 207–8

  Chesapeake’s VPPs and, 194, 205

  coal and, 241, 243–51, 254, 265

  comparisons between Nichols and, 155–56

  criticisms of, 158–63, 174, 193, 203–4, 208

  downfall of, 163, 174, 192, 208

  Eads’s relationship with, 163, 165–66, 177–78, 180, 185, 188, 195–96, 204–5

  East Virgil prospect and, 170–72

  energy change and, 155, 302–3

  energy trading and, 197–201, 245

  environment and, 240–41, 249–51, 253

  Fayetteville Shale and, 155, 192

  finances of, 9, 156–57, 159, 161, 166–67, 169, 171, 173–75, 187–88, 192, 198–204, 207–8, 241–42, 249–55, 257, 263

  fracking and, 158, 163–64, 188, 239–41, 267

  gas and, 9–10, 154–55, 160–62, 164, 168, 174–75, 178–79, 185–90, 194, 197–206, 209, 231, 240–41, 245, 247–51, 253–55, 257, 267

  hedge fund of, 198–99

  lawsuits of, 171–72

  management style of, 158–61, 175–76, 178–79, 188–95, 197–98, 203–4, 206, 208, 245, 251, 255, 303

  Marcellus Shale and, 192–93, 228, 231

  Pope and, 240–42, 249–55, 257, 263

  reading of, 177–78

  Ward’s relationship with, 156, 168–70, 175–76, 197, 200

  McClendon, Joe C., 164–65, 167

 

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