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ExxonMobil and GE Join University Initiative to Help Bring Latest Natural Gas Best Practices to Shale Development - Colorado School of Mines, Penn State University and the University of Texas at Austin announced a new training initiative to support the rapidly growing shale natural gas and oil development sector (NYSE: GE) - GE.com
ExxonMobil and GE Join University Initiative to Help Bring Latest Natural Gas Best Practices to Shale Development

 

NewswireToday - /newswire/ - Houston, TX, United States, 2012/03/08 - Colorado School of Mines, Penn State University and the University of Texas at Austin announced a new training initiative to support the rapidly growing shale natural gas and oil development sector (NYSE: GE) - GE.com. NYSE: GE

   
 
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• Colorado School of Mines, Penn State University and The University of Texas at Austin Create New Training Programs for the Rapidly Growing Natural Gas Development Sector;
• GE and ExxonMobil Each to Contribute $1 Million to the New Education Initiative;
• Academic Institutions to Develop Programs to Provide Regulators and Policymakers Access to the Latest Shale Resource Technology and Best Practices.

Colorado School of Mines, Penn State University and the University of Texas at Austin today announced a new training initiative to support the rapidly growing shale natural gas and oil development sector. The training programs created under the initiative will be led by the faculty at each academic institution and are designed to ensure that regulators and policymakers have access to the latest technology and operational expertise to assist in their important oversight of shale development.

ExxonMobil and GE (NYSE: GE), two of America’s leading energy corporations, today announced they would each contribute $1 million to this new educational initiative.

“Regulators have said that the need for increased training is one of their highest priorities due to the rapid expansion of shale resource development and the equally active evolution of technologies and best practices in the field,” said Gary Pope, director of The Center for Petroleum and Geosystems Engineering (CPGE) at The University of Texas at Austin.

To meet this demand, CPGE, which provides engineering leadership and technology innovation related to energy and the environment with special emphasis on the production of hydrocarbons from both conventional and unconventional sources, added an Education, Training and Outreach Program, directed by Dr. Hilary Clement Olson.

“This funding provides us with the resources to broaden our partnerships and our scope to create a new training program for regulators in the oil and gas industry that is collaborative and interdisciplinary,” said Olson.

Thomas Murphy, co-director of the Penn State Marcellus Center for Outreach and Research, said,“The Shale Gas Regulators Training program affords the university a unique opportunity to further develop shale gas best management practices and to offer new regulators the chance to learn the latest science-based concepts related to geology, petroleum technology and environmental quality. Penn State looks forward to providing development training that will help ensure a strong, yet consistent, regulator process across the Appalachian Basin.”

Colorado School of Mines President M.W. Scoggins said,“Colorado School of Mines’ focused mission to educate the next generation of engineers and applied scientists fosters a natural partnership in this consortium. Our specialized curriculum and research program centered on responsible resource development is helping to enhance global understanding of our most pressing earth, energy and environmental challenges.”

Added Colorado School of Mines’ Dr. Azra N. Tutuncu, who is director of the school’s Unconventional Natural Gas and Oil Institute (UNGI) and Harry D. Campbell Chair in Petroleum Engineering,“The Unconventional Natural Gas and Oil Institute at Colorado School of Mines provides training for developing unconventional resources in an environmentally sound, safe and economically viable manner—the oil and gas industry as well as state and federal regulators and policymakers benefit from this expertise.”

The series of courses, which will primarily focus on the development of shale resources, will cover:

• Petroleum geology, both conventional and nonconventional;
• Petroleum technology, including principles of drilling operations and well design, as well as facility design and operation;
• Environmental management technologies and practices, including water treatment and management, waste treatment and management, air emission control technologies, spill prevention and planning and response; and
• Federal and state oil and gas regulatory requirements, including permitting and reporting, plus compliance assessment.

GE and ExxonMobil believe that natural gas plays a critical role in America’s energy future. When used for power generation, natural gas emits up to 60 percent less CO2 than coal. The integration of two proven technologies—horizontal drilling and hydraulic fracturing—has opened up more than 100 years supply of natural gas for U.S. homes and business, creating an unprecedented pathway to enhanced energy security for the country. Natural gas also enables more renewable energy to join the power grid as next generation gas turbines help ensure grid stability by quickly ramping up and down to generate electricity when wind or solar power is intermittent.

“America’s shale energy resources are creating jobs and economic growth in regions across the country, and Americans rightly want to know that these resources are being produced safely and responsibly,” ExxonMobil CEO Rex Tillerson said. “ExxonMobil is pleased to provide the resources to assist the schools in equipping regulators with the latest technical and operational knowledge being applied in this growing sector.”

GE CEO Jeff Immelt said,“Natural gas is dramatically changing the way we power America, and GE is committed to its responsible development. We believe advanced technology, an expert workforce and smart regulation are the keys to America leading the world in shale gas development. As a technology leader in the energy sector, GE recognizes the importance of minimizing a site’s environmental footprint while simultaneously increasing operational efficiency.”

GE and ExxonMobil note that while hydraulic fracturing, horizontal drilling and other technologies used to produce shale resources are not new, they are being used today on a larger scale than ever before. Therefore, it is critical that regulators and policymakers have access to a sound scientific understanding of shale energy development and are fully aware of the technologies required to produce these resources safely and efficiently, while protecting the environment. That is why the two companies have offered their support for the professional development programs developed by these universities.

GE produces nearly 40 technologies for the shale resource sector in areas such as mobile and fixed water filtration, flare gas capture and reuse, cleaner on-site power generation and demand-side solutions that create liquefied natural gas or compressed natural gas for applications such as in truck fleets.

ExxonMobil is the world’s largest non-government owned energy company and applies advanced technology to the development and production of oil, natural gas and petrochemicals. The company is the largest natural gas producer in the United States, with a significant position in the production of shale resources in Pennsylvania, Texas, Louisiana, Arkansas, Colorado, New Mexico, Utah, Oklahoma and North Dakota.

About GE
GE (ge.com) works on things that matter. The best people and the best technologies taking on the toughest challenges. Finding solutions in energy, health and home, transportation and finance. Building, powering, moving and curing the world. Not just imagining. Doing. GE works.

GE Energy works connecting people and ideas everywhere to create advanced technologies for powering a cleaner, more productive world. With more than 100,000 employees in over 100 countries, our diverse portfolio of product and service solutions and deep industry expertise help our customers solve their challenges locally. We serve the energy sector with technologies in such areas as natural gas, oil, coal and nuclear energy; wind, solar, biogas and water processing; energy management; and grid modernization. We also offer integrated solutions to serve energy- and water-intensive industries such as mining, metals, marine, petrochemical, food & beverage and unconventional fuels.

Follow GE Energy on Twitter @GE_Energy.

About ExxonMobil
ExxonMobil (exxonmobil.com), the world’s largest publicly traded international oil and natural gas company, is committed to producing the energy needed for economic progress in a safe, reliable and environmentally responsible manner.

The company uses technology and innovation to help meet the world’s growing energy needs, investing approximately $1 billion annually on research and technology development. ExxonMobil holds an industry-leading inventory of resources, is the largest refiner and marketer of petroleum products, and its chemical company is one of the largest in the world.

Follow ExxonMobil on Twitter @exxonmobil.

About Penn State
The Pennsylvania State University is a state-related, land-grant university located in University Park, Pa. Penn State has 24 campuses throughout the Commonwealth of Pennsylvania, including undergraduate locations as well as special-mission campuses such as the Penn College of Technology in Williamsport, Pa. The University awards more associate, bachelor's and graduate degrees than any other institution in the Commonwealth. Its mission is to improve the lives of the people of Pennsylvania, the nation and the world through integrated, high-quality programs in teaching, research and service. Penn State has significant expertise in shale gas geology, reservoir engineering, and related sciences, including water resource management, and is a leader in advancing the understanding of the environmental, economic and social issues related to Marcellus and other shale gas development.

About Colorado School of Mines
Colorado School of Mines is a uniquely focused public research university dedicated to preparing exceptional students to solve today’s most pressing energy and environmental challenges. Mines has an international reputation for excellence in engineering education and the applied sciences with special expertise in the development and stewardship of the earth’s resources. The Unconventional Natural Gas and Oil Institute (UNGI) at Mines nurtures multidisciplinary research opportunities in the worldwide development of unconventional resources. For more information visit mines.edu and ungi.mines.edu/.

About UT-Austin
The Center for Petroleum and Geosystems Engineering (CPGE) at The University of Texas at Austin is an interdisciplinary research organization that is home to world-renowned academic researchers. The organization provides engineering leadership and technology innovation related to energy and the environment with special emphasis on the production of hydrocarbons from both conventional and unconventional sources. CPGE’s new Education, Training and Outreach Program, hosted at UT Austin, is involved with workforce training and capacity building in the area of carbon storage. In addition, it leads professional development programs related to energy, climate and water for teachers from Texas.

PRESS Contacts
Alan Jeffers, ExxonMobil
P: +1 972 444 1107 / E: alan.t.jeffers[.]exxonmobil.com.

Rob Discher, Edelman
P: +1 512 634 3654 / E: robert.discher[.]edelman.com.

Melissa Mixon, The University of Texas at Austin
P: +1 512 471 2129 / E: melissa.mixon[.]austin.utexas.edu.

Karen Gilbert, Colorado School of Mines
P: +1 303 273 3541 / E: kgilbert[.]mines.edu.

Lisa Powers, Penn State
P: +1 814 865 7517 / E: lmpowers[.]psu.edu.

GE news, Masto Public Relations - E: information[.]mastopr.com.

 
 
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ExxonMobil and GE Join University Initiative to Help Bring Latest Natural Gas Best Practices to Shale Development

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